Zhongxin Finance, May 5. On May 5, JD.com announced on the Hong Kong Stock Exchange that the company has been informed that it has been recognized by the U.S. Securities and Exchange Commission (SEC) as a committee-certified issuer under the Foreign Company Accountability Act (HFCAA). people.
The company has been actively exploring possible solutions and will continue to comply with applicable laws and regulations in China and the United States, striving to maintain its listing status on Nasdaq and the Hong Kong Stock Exchange.
JD.com said that it understands that the SEC made this determination based on the HFCAA and its implementation rules, indicating that the SEC determined that the company used an auditing agency that cannot currently be reviewed by the US Public Company Accounting Oversight Board (PCAOB). As of December 31, 2021 Audit report for the fiscal year.
According to HFCAA regulations, a listed company will be delisted from the U.S. exchange only if an audit institution that has been identified by the SEC for three consecutive years using an auditing institution that has failed to be reviewed by the PCAOB issues an annual audit report.
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