The client of Chinanews.com, June 23, 23, Ruixing Coffee filed with the US Securities and Exchange Commission (SEC) that it received NASDAQ's delisting notice because it did not submit its annual report. Ruixing Coffee said that the company has been working hard to explore ways to submit its annual report as soon as possible. However, due to the delay in the preparation of the financial statements caused by COVID-19 (New Crown Virus) and the previously disclosed internal investigations pending, the company was unable to submit its annual report. Ruixing Coffee's stock price plunged in pre-market and is currently down more than 18%.