HONG
KONG, Sept. 23, 2024 /PRNewswire/ -- Dunxin
Financial Holdings Limited ("Dunxin" or the "Company") (NYSE
American: DXF), a company engaged in real estate operation
management and investment and a digital technology security
business in Hong Kong, today
announced that on September 17, 2024,
it received notification from NYSE Regulation of the NYSE American
LLC (the "NYSE American" or the "Exchange") that it had suspended
trading of the Company's ADS and of its determination to commence
delisting proceedings of the Company's ADS from the Exchange
pursuant to Section 1003(f)(v) of the NYSE American Company Guide
due to the low selling price of the Company's ADS. The Company
plans to appeal the determination to the Exchange's Listing
Qualifications Panel, although there can be no assurance that any
such appeal will be successful.
The Company's ADS has begun trading under the trading symbol
"DXFFY" on the OTC Pink operated on the OTC Markets system
effective with the open of the markets on September 18, 2024.
Dunxin's CEO Longwen (Stanley) He
commented, "Following a successful business restructuring, our
operational management and financial health are robust, and the new
ventures are already contributing to our revenue. Management
remains confident in the company's future growth and is fully
committed to cooperating with the Exchange during the appeal
process."
About Dunxin Financial Holdings Limited
Dunxin Financial Holdings Limited is a company engaged in real
estate operation management and investment and a digital technology
security business in Hong Kong,
China. The Company was formerly a licensed microfinance
lender serving individuals and SMEs in Hubei Province, China, but has suspended offering loans to its
customers since 2020.
Safe Harbor Statement
This press release contains forward-looking statements as
defined by the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements that are other than
statements of historical facts. When the Company uses words such as
"may, "will, "intend," "should," "believe," "expect," "anticipate,"
"project," "estimate" or similar expressions that do not relate
solely to historical matters, it is making forward-looking
statements. Forward-looking statements are not guarantees of future
performance and involve risks and uncertainties that may cause the
actual results to differ materially from the Company's expectations
discussed in the forward-looking statements. These statements are
subject to uncertainties and risks including, but not limited to,
the following: the Company's goals and strategies; the Company's
future business development; product and service demand and
acceptance; changes in technology; economic conditions; the growth
of market in China and the other international markets
the Company plans to serve; reputation and brand; the impact of
competition and pricing; government regulations; fluctuations in
general economic and business conditions in China and the
international markets the Company plans to serve and assumptions
underlying or related to any of the foregoing and other risks
contained in reports filed by the Company with the SEC. For these
reasons, among others, investors are cautioned not to place undue
reliance upon any forward-looking statements in this press release.
Additional factors are discussed in the Company's filings with the
SEC, which are available for review at www.sec.gov. The
Company undertakes no obligation to publicly revise these
forward–looking statements to reflect events or circumstances that
arise after the date hereof.
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SOURCE Dunxin Financial Holding Limited