Missfresh Limited (NASDAQ: MF) announced today that it has received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC, stating that the company is not in compliance with the filing requirement set forth in Nasdaq Listing Rule 5250(c)(1). The notification letter, dated May 18, 2023, highlighted that Missfresh did not timely file its annual report on Form 20-F for the fiscal year ended December 31, 2022, with the Securities and Exchange Commission (SEC).
While the notification letter does not have an immediate impact on the listing of Missfresh’s American Depositary Shares on Nasdaq, the company has been granted a 60-calendar-day period to submit a plan to regain compliance with the filing requirement. This plan, referred to as the Compliance Plan, must be submitted within the designated timeframe. If the Compliance Plan is accepted by the Staff, the company may be granted an extension to regain compliance through no later than November 13, 2023.
Missfresh is diligently working to complete the Form 20-F and file the annual report with the SEC as soon as reasonably practicable.
In accordance with the U.S. Private Securities Litigation Reform Act of 1995, this announcement may contain forward-looking statements. These statements, identified by terms such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar expressions, may involve known or unknown risks, uncertainties, and other factors that are difficult to predict and beyond the company’s control. The forward-looking statements are based on Missfresh’s current expectations and projections about future events and financial trends. They encompass the company’s beliefs, plans, and expectations. It is important to note that actual results may differ materially from those contained in any forward-looking statement due to various factors, including adverse changes in economic or market conditions, potential changes in laws and regulations, natural disasters, geopolitical events, and intense competition.
Missfresh has disclosed additional information regarding these risks and others in its filings with the SEC. The company emphasizes that all information provided in this press release is as of the date of publication and that it does not undertake any obligation to update any forward-looking statement, except as required by applicable law.