DiDi Global Inc (fka DIDIY)

[UpTickMeA$AP]

Game Over. Last ones out, lose everything.


https://ih.advfn.com/stock-market/NYSE/didi-global-DIDI/stock-news/88080930/report-of-foreign-issuer-pursuant-to-rule-13a-16-o

Based on the currently effective laws and regulations, as well as the most recent drafts of laws and regulations released for public comment and communication with the relevant cybersecurity review regulatory authorities, the Company has concluded that it needs to complete the cybersecurity review and rectification in order to resume normal operations, including applying for the 26 Apps to be made available for download on the app stores again and resuming the registration of new users in China, and that if it does not delist from the NYSE, it will not be able to complete the cybersecurity review and rectification, which would have a material adverse impact on the Company’s ability to conduct normal operations, restore its businesses and serve the best interests of its shareholders. During the rectification process, the Company has had confidential communications with the relevant PRC government authorities regarding the cybersecurity review and rectification. However, whether the Company’s rectification measures will satisfy the requirements of the relevant authorities and when it will be able to resume normal operations, including applying for the 26 Apps to be made available for download on the app stores again and resuming the registration of new users in China, remains uncertain. Based on the aforementioned currently effective laws and regulations, most recent drafts of laws and regulations released for public comment and communication with the relevant regulatory authorities, the Company has concluded that it needs to complete the cybersecurity review and rectification in order to resume normal operations, including applying for the 26 Apps to be uploaded to the app stores again and resuming the registration of new users in China.



In addition, pursuant to the currently effective laws and regulations, as well as the most recent drafts of laws and regulations released for public comment, if the Company seeks a listing on another internationally recognized exchange, including the Hong Kong Stock Exchange, or to offer securities overseas in the future, it will be required to complete filings with the relevant regulatory authorities, under which circumstances cybersecurity review would be a prerequisite for such filings. Therefore, the Company strongly believes that this course of action would be most beneficial to its shareholders in that it would help the Company to resume normal operations, restore its businesses and improve its business performance. After the Company resumes normal operations, it may then seek a listing on another stock exchange. In light of the above, the Company is of the view that it is most beneficial to its shareholders for the Company to delist and complete any necessary rectification measures as soon as practicable.