Missfresh Announces Receipt of Nasdaq Notification Regarding Late Filing of Form 20-F
24 Maio 2022 - 5:30PM
Missfresh Limited (NASDAQ: MF) (“Missfresh” or the “Company”), an
innovator and leader in China’s neighborhood retail industry, today
announced that it received a notification letter dated May 19, 2022
(the “Notification Letter”) from the Listing Qualifications
Department of The Nasdaq Stock Market Inc. (“Nasdaq”), indicating
that the Company is not in compliance with the requirements for
continued listing set forth in Nasdaq Listing Rule 5250(c)(1) since
the Company did not timely file its annual report on Form 20-F for
the fiscal year ended December 31, 2021 (the “2021 Form 20-F”) with
the Securities and Exchange Commission (the “SEC”).
The Notification Letter has no immediate effect on the listing
of the Company’s American depositary shares on Nasdaq. Pursuant to
the Nasdaq Listing Rules, the Company has 60 calendar days from the
date of the Notification Letter to submit a plan to regain
compliance with Nasdaq Listing Rules (the “Compliance Plan”). If
Nasdaq accepts the Compliance Plan, it may grant the Company an
extension until November 14, 2022 to regain compliance. The Company
expects either to file its 2021 Form 20-F or submit the Compliance
Plan within the prescribed 60-day period.
The Company was not able to file the 2021 Form 20-F by the
prescribed deadline as extended pursuant to Rule 12b-25(b)(2)(ii)
under the Securities Exchange Act of 1934, primarily because the
Company is unable to complete the audit of the financial statements
of the Company for the fiscal year ended December 31, 2021 and the
preparation for the 2021 Form 20-F due to an internal review
conducted by the independent audit committee of the Company’s board
of directors, with the assistance of professional advisors, as
previously disclosed in the Company’s Notification of Late Filing
on Form 12b-25 filed with the SEC on April 29, 2022. The Company
continues to work diligently to complete the 2021 Form 20-F and
intends to file it with the SEC as soon as reasonably practicable.
This announcement is made in compliance with Nasdaq Listing Rule
5810(b), which requires prompt disclosure of receipt of a
deficiency notification.
About Missfresh
Missfresh Limited is an innovator and leader in China’s
neighborhood retail industry. The Company invented the Distributed
Mini Warehouse (DMW) model to operate an integrated
online-and-offline on-demand retail business focusing on offering
fresh produce and fast-moving consumer goods (FMCGs). Through the
“Missfresh” mobile application and Mini Program embedded in
third-party social platforms, consumers can easily purchase quality
groceries at their fingertips and have the finest products
delivered to their doorstep in 37 minutes, on average.
Leveraging its core capabilities, Missfresh launched an
intelligent fresh market business in the second half of 2020. This
innovative business model is dedicated to standardizing and
transforming fresh markets into smart fresh malls. Missfresh has
also built up a full stack of proprietary technologies that empower
a wide range of participants in the neighborhood retail business,
such as supermarkets, fresh markets and local retailers, to
jumpstart and efficiently operate their business digitally.
For more information, please visit: http://ir.missfresh.cn.
Safe Harbor Statements
This announcement contains statements that may constitute
“forward-looking” statements which are made pursuant to the “safe
harbor” provisions of the U.S. Private Securities Litigation Reform
Act of 1995. These forward-looking statements can be identified by
terminology such as “will,” “expects,” “anticipates,” “aims,”
“future,” “intends,” “plans,” “believes,” “estimates,” “likely to,”
and similar statements. Statements that are not historical facts,
including statements about the Company’s beliefs, plans, and
expectations, are forward-looking statements. The Company has based
these forward-looking statements largely on its current
expectations and projections about future events and financial
trends, which involve known or unknown risks, uncertainties and
other factors, all of which are difficult to predict and many of
which are beyond the Company’s control. Forward-looking statements
involve inherent risks and uncertainties. Further information
regarding these and other risks is included in the Company’s
filings with the SEC. All information provided in this press
release is as of the date of this press release, and the Company
does not undertake any obligation to update any forward-looking
statement, except as required under applicable law.
For investor and media inquiries, please
contact:
In China:
Missfresh Limited Investor Relations Tel: +86 (10)
5954-4422Email: ir@missfresh.cn
The Piacente Group, Inc. Jenny Cai Tel: +86 (10) 6508-0677
E-mail: missfresh@tpg-ir.com
In the United States:
The Piacente Group, Inc. Brandi Piacente Tel: +1-212-481-2050
E-mail: missfresh@tpg-ir.com
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