SHENZHEN, China, Dec. 30, 2022 (GLOBE NEWSWIRE) — Aurora Mobile Limited (JG) (“Aurora Mobile” or the “Company”), a leading provider of customer engagement and marketing technology services in China, announced today that it has received a written notification from Listing Qualification Department personnel received from The Nasdaq Stock Market LLC (“Nasdaq”) dated December 28, 2022 showing that for the last 32 consecutive business days the closing price for the Company’s American Depositary Shares (the “ADSs”) was below the Nasdaq listing Rule 5450(a)(1) of $1.00 per share. Nasdaq’s notice does not currently affect the listing or trading of the Company’s ADSs on Nasdaq.
Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company is granted a compliance period of 180 calendar days or June 26, 2023 to regain compliance under the Nasdaq Listing Rules. If at any time during the 180-day compliance period, the closing price of the Company’s ADSs is $1.00 per share or greater for at least ten consecutive business days, Nasdaq will provide the Company with written confirmation of compliance and the matter will be settled closed. In the event that the Company does not regain compliance by June 26, 2023, the Company may be entitled to an additional 180 day period of compliance, subject to determination by Nasdaq personnel.
The Nasdaq notification letter will have no impact on the Company’s operations and the Company will take all reasonable steps to restore compliance within the required compliance period.
About Aurora Mobile Limited
Founded in 2011, Aurora Mobile is a leading provider of customer engagement and marketing technology services in China. Since its inception, Aurora Mobile has focused on providing stable and efficient enterprise messaging services and has become a leading mobile messaging service provider with its first-mover advantage. With the increasing demand for customer reach and marketing growth, Aurora Mobile has pioneered solutions such as cloud messaging and cloud marketing to help businesses achieve customer reach and engagement across channels, as well as artificial intelligence and big data-based marketing technology solutions at businesses support the digital transformation.
Safe Harbor Declaration
This release contains forward-looking statements. These statements are made in accordance with the “safe harbor” provisions of the US Private Securities Litigation Reform Act of 1995. “intends,” “plans,” “believes,” “estimates,” “confident,” and similar statements. Among other things, the business outlook and management’s quotations in this announcement, as well as Aurora Mobile’s strategic and operational plans, contain forward-looking statements. Aurora Mobile may also make written or oral forward-looking statements in its reports to the US Securities and Exchange Commission, its annual report to shareholders, in press releases and other written materials, and in oral statements by its officers, directors or employees of third parties. Statements that are not historical facts, including but not limited to statements about Aurora Mobile’s beliefs and expectations, 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 statements, including but not limited to the following: Aurora Mobile’s strategies; Aurora Mobile’s future business, financial condition and results of operations; Aurora Mobile’s ability to attract and retain customers; its ability to develop and effectively commercialize data solutions and penetrate the existing developer services market; its ability to transition to the new advertising-driven SAAS business model; its ability to maintain or enhance its brand; competition with current or future competitors; its ability to maintain access to mobile data in the future; the laws and regulations relating to privacy and data protection; general economic and business conditions worldwide and in China and assumptions underlying or related to the foregoing. Additional information on these and other risks is contained in the Company’s filings with the Securities and Exchange Commission. All information provided in this press release and attachments is as of the date of the press release, and Aurora Mobile assumes no obligation to update such information, except as required by applicable law.
For more information, please visit https://ir.jiguang.cn/.
For investor and media inquiries please contact:
Aurora Mobile Limited
Mr. Eric Yuan
E-mail: [email protected]
Mrs. Linda Bergkamp
E-mail: [email protected]