BEIJING, Nov. 18,
2022 /PRNewswire/ -- Cloopen Group Holding Limited
(NYSE: RAAS) ("Cloopen" or the "Company") today announced that it
received a letter from NYSE Regulation indicating that NYSE's
Listings Operations Committee agreed to provide the Company with an
additional trading period through May 17,
2023, subject to reassessment on an ongoing basis, to
complete and file the Company's annual report on Form 20-F for the
fiscal year ended December 31, 2021
(the "2021 Annual Report") with the U.S. Securities and Exchange
Commission (the "SEC") and any subsequent delayed filings pursuant
to the NYSE's late filer rules outlined in Section 802.01E of the
NYSE Listed Company Manual.
The Company has been in ongoing cooperation and correspondence
with the NYSE on the late filing issue. NYSE Regulation notified
the Company that the NYSE will closely monitor the Company's
progress with the milestones and timing submitted to the NYSE.
Failure to achieve these interim milestones could result in
accelerated trading suspension prior to the end of the May 17, 2023 trading period. In addition, in the
event that the Company does not complete the filing of the 2021
Annual Report and any subsequent delayed filings with the SEC by
the end of the maximum 12-month cure period on May 17, 2023, the NYSE will move forward with the
initiation of suspension and delisting procedures.
About Cloopen Group Holding Limited
Cloopen Group Holding Limited is a leading multi-capability
cloud-based communications solution provider in China offering a full suite of cloud-based
communications solutions, covering communications platform as a
service (CPaaS), cloud-based contact centers (cloud-based CC), and
cloud-based unified communications and collaborations (cloud-based
UC&C). Cloopen's mission is to enhance the daily communication
experience and operational productivity for enterprises. Cloopen
aspires to drive the transformation of enterprise communications
industry by offering innovative marketing and operational tactics
and SaaS-based tools.
For more information, please visit
https://ir.yuntongxun.com
Forward-Looking Statements
This press release contains forward-looking statements made
under the "safe harbor" provisions of Section 21E of the Securities
Exchange Act of 1934, as amended, and the U.S. Private Securities
Litigation Reform Act of 1995. These forward-looking statements can
be identified by terminology such as "will," "expects,"
"anticipates," "future," "intends," "plans," "believes,"
"estimates," "confident" and similar statements. Cloopen may also
make written or oral forward-looking statements in its reports
filed with or furnished to the SEC, in its annual report to
shareholders, in press releases and other written materials and in
oral statements made by its officers, directors or employees to
third parties. Any statements that are not historical facts,
including statements about Cloopen's beliefs and expectations as
well as its financial outlook, are forward-looking statements.
These forward-looking statements are based on Cloopen's current
expectations and involve factors, risks and uncertainties that
could cause actual results to differ materially from those in the
forward-looking statements. Further information regarding these and
other risks, uncertainties or factors is included in Cloopen's
filings with the SEC. All information provided in this press
release is current as of the date of the press release, and Cloopen
does not undertake any obligation to update such information,
except as required under applicable law. All forward-looking
statements are qualified in their entirety by this cautionary
statement, and you are cautioned not to place undue reliance on
these forward-looking statements.
For investor and media inquiries, please contact:
Cloopen Group Holding Limited
Investor
Relations
Email: ir@yuntongxun.com
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SOURCE Cloopen Group Holding Limited