Home Enterprise holdings 36Kr Holdings Provides Update – GuruFocus.com

36Kr Holdings Provides Update – GuruFocus.com

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BEIJING, May 6, 2022 /PRNewswire/ — 36Kr Holdings Inc. (“36Kr” or the “Company”) (NASDAQ: KRKR), a leading brand and pioneering platform dedicated to serving new economy participants in Chinaannounced today that the Company is aware that it has been identified by the United States Securities and Exchange Commission (“SEC”) on its provisional list under the Holding Foreign Companies Accountable Act (“HFCAA”) on May 4, 2022.

This identification indicates that the SEC has determined that the company used an auditor, whose working paper cannot be inspected or studied completely by the Public Company Accounting Oversight Board of United States (“PCAOB”), to issue the audit opinion on the financial statements of the Company for the year ended December 31, 2021.

Under the HFCAA, trading in a company’s securities on a US stock exchange will only be prohibited if the company has been identified by the SEC for three consecutive years due to the PCAOB’s failure to inspect the working paper of the listener. Despite this identification by the SEC, 36Kr’s active listing and trading status on NASDAQ currently remains unchanged.

36Kr has actively explored possible solutions to protect our shareholders in an evolving regulatory environment and mitigate potential risks associated with HFCAA. The Company will continue to comply with applicable laws and regulations in both China and the United States, and strive to maintain its listing status on NASDAQ. The Board of Directors and management team remain strongly committed to protecting shareholder interests and driving value creation for the benefit of all shareholders.

About 36Kr Holdings Inc.

36Kr Holdings Inc. is a leading brand and pioneering platform dedicated to serving new economy participants in China with a mission to empower participants in the new economy to achieve more. The company kicked off with high-quality content offerings focused on the new economy, spanning a variety of industries in China New economy with diversified distribution channels. Leveraging the traffic brought by high-quality content, the Company has expanded its offerings to business services, including online advertising services, value-added business services and subscription services to meet the needs changing needs of new economy businesses and the upgrading needs of traditional businesses. The company is backed by a comprehensive database and strong data analysis capabilities. Thanks to diversified service offerings and the significant influence of the brand, the Company is well positioned to continuously capture the high growth potential of China New economy.

Safe Harbor Statement

This announcement contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are made pursuant to the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by words such as “will”, “expect”, “anticipate “, “future”, “intends”, “plans”, “believes”, “estimates”, “potential”, “continues”, “ongoing”, “targets”, “directions” and similar statements. The Company may also make written or oral forward-looking statements in its periodic reports to the United States Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written documents and in oral statements made by its officers, directors or employees to third parties. All statements that are not historical facts, including statements about the beliefs and expectations of the Company, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including, but not limited to, the following: the Company’s objective and strategies; future business development, results of operations and financial condition of the Company; relevant government policies and regulations relating to our business and industry; the Company’s expectations regarding the use of proceeds from this offering; the Company’s expectations regarding market demand and acceptance of its services; the Company’s ability to maintain and improve its brand; the Company’s ability to deliver high-quality content in a timely manner to attract and retain users; the Company’s ability to retain and hire quality in-house writers and editors; the Company’s ability to maintain cooperation with third party professional content providers; the Company’s ability to maintain relationships with third-party platforms; general economic and business conditions globally and in China; possible business disruptions caused by natural or man-made disasters; and the assumptions underlying or relating to any of the foregoing. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statements except as required by applicable law.

For investor and media inquiries, please contact:

36Kr Holdings Inc.
Investor Relations
Tel: +86 (10) 5825-4188
E-mail: [email protected]

Piacente Group, Inc.
Jenny Cai
Tel: +86 (10) 6508-0677
E-mail: [email protected]

Piacente Group, Inc.
Brandi Piecente
Tel: +1(212) 481-2050
E-mail: [email protected]

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SOURCE 36Kr Holdings Inc.