IT House news on May 5, according to the official website of the US SEC, the agency added 88 Chinese concept stocks including JD.com, Bilibili, Pinduoduo, and Mavericks to the “pre-delisting” list on Wednesday, making the list. The number of Chinese concept stocks listed on the Shanghai Stock Exchange rose to 105.
In response to the U.S. SEC’s inclusion of Mavericks on the “pre-delisting list”, Mavericks today updated its Status Act (“HFCAA”) under the Accountability System for Holding Foreign Companies. The external response stated, “The company is actively exploring possible solutions to protect the interests of its stakeholders. The company will continue to comply with applicable laws and regulations in China and the United States in an effort to maintain its NASDAQ listing status. “
Niu Electric introduced that the company has been informed that it was recognized by the U.S. Securities and Exchange Commission (SEC) under the HFCAA on May 4. As determined by the HFCAA and its issued implementing rules, the SEC believes that the company is using working papers that cannot complete the CPA firm’s assessment of the company as of December 2021 as inspected or investigated by the U.S. Public Company Accounting Oversight Board (“PCAOB”). Audit of the annual financial statements on 31 March.
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