China Finance Online Receives Extension

China Finance Online Co. Limited ("China Finance Online", or the "Company", "we", "us" or "our") (Nasdaq CM: JRJC), a leading web-based financial services company that provides Chinese individual investors with fintech-powered online access to securities trading services, wealth management products, securities investment advisory services, as well as financial database and analytics services to institutional customers, today announced that it has received a notice from the Nasdaq Stock Market LLC ("Nasdaq") stating that the Nasdaq Hearings Panel ("Panel") granted the Company's request to phase down to The Nasdaq Capital Market. The Panel also granted the Company until January 14, 2022 to evidence compliance with the minimum $2.5 million stockholders' equity requirement, or the alternative compliance standards as set forth in Nasdaq Listing Rule 5550(b)(1).To get more International finance news china, you can visit shine news official website.

As previously announced, the Company was notified in May 2021 that it was not in compliance with the shareholders' equity requirement of Listing Rule 5450(b)(1)(A) and received a delisting notice in August 2021. The Panel's decision follows the hearing that took place in September 2021, at which time our management presented the Panel with a plan for regaining and sustaining compliance with the minimum stockholders' equity requirement. This notification has no immediate effect on the Company's listing or on the trading of the Company's ADSs.
This press release contains forward-looking statements which constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. The statements contained herein reflect management's current views with respect to future events and financial performance. These forward-looking statements are subject to certain risks and uncertainties that could cause the actual results to differ materially from those in the forward-looking statements, all of which are difficult to predict and many of which are beyond the control of the Company. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, this release contains the following forward-looking statements regarding:

Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, which risk factors and uncertainties include, amongst others, substantial doubt about ability to continue as a going concern, the outbreak of COVID-19 or other health epidemics in China or globally, changing customer needs, regulatory environment and market conditions that we are subject to; the uneven condition of the world and Chinese economies that could lead to volatility in the equity markets and affect our operating results in the coming quarters; the impact of the changing conditions of the mainland Chinese stock market, Hong Kong stock market and global financial markets on our future performance; the unpredictability of our strategic transformation and growth of new businesses; the prospect of our margin-related business and the degree to which our implementation of margin account screening and ongoing monitoring will yield successful outcomes;