SANTA
CLARA, Calif., Jan. 4, 2023
/PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE:
TUYA; HKEX: 2391), a global leading IoT cloud development platform,
today announced that it has regained compliance with the minimum
average closing price criterion required by the New York Stock
Exchange (the "NYSE") for continued listing of the Company's
American Depositary Shares ("ADSs").
As disclosed on November 3, 2022,
the NYSE notified the Company on November 2,
2022 that the Company was not in compliance with the NYSE
continued listing standard requiring a listed security to maintain
a minimum average closing price of US$1.00 per security over a consecutive
30-trading day period pursuant to Section 802.01C of the NYSE
Listed Company Manual (the "Minimum Average Closing Price
Requirement").
On January 3, 2023, the Company
received confirmation from the NYSE that it has regained compliance
with the Minimum Average Closing Price Requirement, as the average
closing price of its ADSs for the consecutive 30-trading day period
ended December 30, 2022 exceeded
US$1.00.
About Tuya Inc.
Tuya Inc. (NYSE: TUYA; HKEX: 2391) is a global leading IoT cloud
development platform with a mission to build an IoT developer
ecosystem and enable everything to be smart. Tuya has pioneered a
purpose-built IoT cloud development platform that delivers a full
suite of offerings, including Platform-as-a-Service, or PaaS, and
Software-as-a-Service, or SaaS, to businesses and developers.
Through its IoT cloud development platform, Tuya has enabled
developers to activate a vibrant IoT ecosystem of brands, OEMs,
partners and end users to engage and communicate through a broad
range of smart devices.
Safe Harbor Statement
This press release contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. Statements that
are not historical facts, including statements about the Company's
beliefs, and expectations, are forward-looking statements.
Forward-looking statements involve inherent risks and
uncertainties, and a number of factors could cause actual results
to differ materially from those contained in any forward-looking
statement. In some cases, forward-looking statements can be
identified by words or phrases such as "may", "will", "expect",
"anticipate", "target", "aim", "estimate", "intend", "plan",
"believe", "potential", "continue", "is/are likely to" or other
similar expressions. Further information regarding these and other
risks, uncertainties or factors is included in the Company's
filings with the SEC. The forward-looking statements included in
this press release are only made as of the date hereof, and the
Company disclaims any obligation to publicly update any
forward-looking statement to reflect subsequent events or
circumstances, except as required by law. All forward-looking
statements should be evaluated with the understanding of their
inherent uncertainty.
Investor Relations Contact
Tuya Inc.
Investor Relations
Email: ir@tuya.com
The Blueshirt Group
Gary Dvorchak, CFA
Phone: +1 (323) 240-5796
Email: gary@blueshirtgroup.com
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SOURCE Tuya Inc.