Missfresh Regains Compliance with Nasdaq Periodic Filing Requirement

Rhea-AI Summary

Missfresh Limited (Nasdaq: MF) announced on November 16, 2022, that it has regained compliance with the Nasdaq's periodic filing requirement as per the Compliance Notification from Nasdaq dated November 15, 2022. The company previously faced non-compliance due to the late filing of its annual report on Form 20-F for the fiscal year ending December 31, 2021. Following the submission of this report on November 14, 2022, the compliance issue is now resolved.

Positive

• Regained compliance with Nasdaq's periodic filing requirement, closing the compliance issue.

Negative

• Previously faced non-compliance due to late filing of Form 20-F.

BEIJING, Nov. 16, 2022 (GLOBE NEWSWIRE) -- Missfresh Limited (Nasdaq: MF) (“Missfresh” or the “Company”), an innovator in China’s neighborhood retail industry, today announced that it received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) dated November 15, 2022 (the “Compliance Notification”), indicating that the Company regained compliance with the periodic filing requirement for Nasdaq under Listing Rule 5250(c)(1) (the “Periodic Filing Requirement”) and the matter is now closed.

As previously announced, on May 19, 2022, the Company was notified by Nasdaq that it was not in compliance with the Periodic Filing Requirement due to the failure to 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”). On July 15, 2022, the Company submitted a plan to regain compliance with the Nasdaq Listing Rules and was granted an extension until November 14, 2022 to regain compliance.

On November 14, 2022, the Company filed its annual report on Form 20-F for the fiscal year ended December 31, 2021 with the SEC. As a result, the Company regained compliance with the Periodic Filing Requirement, and the matter is closed.

For investor and media inquiries, please contact:

In China:
Missfresh Limited
Investor Relations
Tel: +86 (10) 5954-4422
Email: 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

FAQ

What compliance issue did Missfresh Limited face?

Missfresh Limited faced a compliance issue with Nasdaq due to the late filing of its annual report on Form 20-F.

When did Missfresh regain compliance with Nasdaq?

Missfresh regained compliance with Nasdaq on November 15, 2022.

What is the significance of the Form 20-F for Missfresh Limited?

The Form 20-F is an annual report required by the SEC, and its timely filing is essential for compliance with Nasdaq listing rules.

What does Nasdaq's Compliance Notification signify for Missfresh?

The Compliance Notification signifies that Missfresh has met the periodic filing requirement and resolved its compliance issues.