Because the ADS transaction price is lower than the compliance standard, Xinyuan Real Estate Collection of the New York Stock Exchange warns

On July 22, 2022, Xinyuan Real Estate (XIN.US), a listed company in the US stock market, announced that the company received a notice from the NYSE on June 24, 2022, saying that its ADS transaction price was lower than the compliance standards, and the company was The applicable remedy period for restoring compliance will expire on December 24, 2022.

According to the NYSE 802.01C, if the company's average closing price is lower than $ 1 consecutive trading days, the company is judged to be lower than the compliance standard.

The company must restore its ADR price and average ADR price to more than $ 1 within six months after receiving the notice. If the last trading day of any calendar month during the remedy period, the company's ADR closing price is at least $ 1 and the average closing price is at least $ 1 within the 30 trading days before the month, and the company will resume compliance. If the expiration of the six -month remedy period, the ADR closing price of the last trading day of the remedy period is $ 1, and if the 30 ADR closing price of $ 1 within the 30 trading days ended at the last trading day of the remedy period, New Zeng's closing price, New New Year's Eve, New New, New Year, New New, New Year, New Year's Eve, New Year's Eve. The association will start the suspension and delisting process.

Xinyuan Real Estate stated that it will continue to monitor the market conditions of its ADR and have been cooperating with its deposit bank to increase the stock price to meet the requirements of the New York Stock Exchange.

As of the closing of the Eastern Time last Friday, Xinyuan Real Estate reported $ 0.652, down 12.01%.

- END -