BEIJING, April 28, 2020 /PRNewswire/ — China Finance On-line Co. Restricted ( the “China Finance On-line”, or the “Firm”, “we”, “us” or “our”) (NASDAQ GS: JRJC), a number one web-based monetary providers firm that gives Chinese language retail traders with fintech-powered on-line entry to securities buying and selling providers, wealth administration merchandise, securities funding advisory providers, in addition to monetary database and analytics providers to institutional prospects, introduced at the moment that it’s going to report its unaudited monetary outcomes for the fourth quarter and full 12 months ended December 31, 2019 no later than Might 29, 2020.
Because of social distancing, journey bans and quarantines in China carried out in response to the coronavirus illness 2019 (“Covid-19”) pandemic, entry to JRJC workplace has been restricted. These actions have considerably impeded the Firm’s skilled staffs and advisors from finishing the preparation of the Firm’s consolidated monetary statements and to supply traders with well timed info in addition to to adjust to submitting obligations with the Securities and Exchange Fee.
The Firm additionally pronounces that it will likely be counting on the order issued by the Securities and Exchange Fee (Launch No. 34-88465) to delay the submitting of its Annual Report on Kind 20-F for the 12 months ended December 31, 2019 (the “Annual Report”) attributable to circumstances associated to COVID-19. The reason for the delay in submitting the Annual Report is printed in a Report on Kind 6-Okay furnished at the moment by the Firm. The Firm expects to file the Annual Report no later than Might 29, 2020.
About China Finance On-line
China Finance On-line Co. Restricted is a number one web-based monetary providers firm that gives Chinese language retail traders with fintech-powered on-line entry to securities buying and selling providers, wealth administration merchandise, securities funding advisory providers, in addition to monetary database and analytics providers to institutional prospects. The Firm’s distinguished flagship portal website, www.jrj.com, is ranked among the many high monetary web sites in China. Along with the web-based securities buying and selling platform, the Firm affords primary monetary software program, info providers and securities funding advisory providers to retail traders in China. By means of its subsidiary, Shenzhen Genius Info Know-how Co. Ltd., the Firm supplies monetary database and analytics to institutional prospects together with home monetary, analysis, tutorial and regulatory establishments. China Finance On-line additionally supplies brokerage providers in Hong Kong.
Protected Harbor Assertion
This press launch accommodates forward-looking statements which represent “forward-looking” statements inside the which means of Part 21E of the Securities Exchange Act of 1934, as amended, and as outlined within the U.S. Personal Securities Litigation Reform Act of 1995. The statements contained herein replicate administration’s present views with respect to future occasions and monetary efficiency. These forward-looking statements are topic to sure dangers and uncertainties that would trigger the precise outcomes to vary materially from these within the forward-looking statements, all of that are tough to foretell and lots of of that are past the management of the Firm. These forward-looking statements will be recognized by terminology similar to “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and related statements. Amongst different issues, this launch accommodates the next forward-looking statements relating to:
- our prospect and our capacity to draw new customers;
- our prospect on constructing a complete wealth administration ecosystem by means of offering a fully-integrated on-line communication and securities-trading platform;
- our prospect on stabilization in cash attrition and enchancment of our monetary place;
- our initiatives to deal with prospects’ demand for intuitive on-line funding platforms and different funding alternatives; and
- the market prospect of the enterprise of securities-trading, securities funding advisory and wealth administration.
Such statements contain sure dangers and uncertainties that would trigger precise outcomes to vary materially from these within the forward-looking statements, which threat components and uncertainties embody, amongst others, the outbreak of COVID-19 or different well being epidemics in China or globally, altering buyer wants, regulatory surroundings and market situations; the unsure situation of the world and Chinese language economies that would result in volatility within the fairness markets and have an effect on our working ends in the approaching quarters; the influence of the altering situations of the mainland Chinese language stock market, Hong Kong stock market and world monetary markets on our future efficiency; the unpredictability of our strategic transformation and development of latest companies; the prospect of our margin-related enterprise and the diploma to which our implementation of margin account screening and ongoing monitoring will yield profitable outcomes; the diploma to which our strategic collaborations with companions will yield profitable outcomes; the prospects for China’s high-net-worth and middle-class households; the prospects of equipping our buyer specialists with new expertise, instruments and monetary information; wavering investor confidence that would influence our enterprise; and doable non-cash goodwill, intangible property and funding impairments might adversely have an effect on our web earnings. Additional info relating to these and different dangers is included within the Firm’s filings with the U.S. Securities and Exchange Fee. The Firm doesn’t undertake any obligation to replace any forward-looking assertion because of new info, future occasions or in any other case, besides as required below relevant regulation.
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China Finance On-line
SOURCE China Finance On-line Co., Ltd.