Mar 11, 2022 09:19 AM (GMT+8) · EqualOcean
Shengmei Shanghai announcement: on March 8, the US SEC announced the first batch of provisional lists. According to the guidelines issued by the US SEC on December 2, 2021, ACMR was included in the provisional list after submitting the 2021 annual report because the audit firm currently employed by the controlling shareholder ACMR is not an audit institution reviewed by the US public company accounting oversight board ("PCAOB"). The presence of ACMR on the provisional list does not mean that ACMR will be delisted soon. ACMR, the controlling shareholder, is actively looking for solutions and communicating to meet the requirements of the US SEC by the 2024 deadline.