Tech Planet March 31 news, on the afternoon of March 31, in response to media reports that Baidu and other parts of the stock company were included in the SEC's "pre-delisting list", Baidu announced on the Hong Kong Stock Exchange that it learned that the US Securities and Exchange Commission had included Baidu in the identification list based on the Foreign Company Accountability Act on March 30, 2022. According to HFCAA regulations, a listed company will only be delisted in the United States if an audit institution that has been determined by the SEC to have used an audit paper that has not been reviewed by the PCAOB for three consecutive years issues an annual audit report. The Company has been actively seeking possible solutions. The Company will continue to ensure compliance with relevant U.S. and Chinese laws and regulations and, subject to conditions permitting, maintain the Company's listing on both NASDAQ Markets and The Stock Exchange of Hong Kong Limited.
It is reported that on the morning of March 31, the Securities Regulatory Commission issued a document saying that for some enterprises to be included in the list of delisting risks by the SEC, after understanding with the US SEC, this is a normal procedure for the US regulatory authorities to implement the "Foreign Company Accountability Law", and whether the listed companies will really delist in the next two years ultimately depends on the progress and results of Sino-US audit and regulatory cooperation.
Previously, according to media reports, on Wednesday local time in the United States, the US Securities and Exchange Commission added Baidu, Futu Holdings, iQiyi, Kaixin Yuanda Pharmaceutical and Nocera, which is engaged in fishery aquaculture, to the "pre-delisting list", which is also the third batch of Chinese stocks included in the list since March. According to the SEC, the five companies will need to provide evidence to the SEC by April 20 that they are not eligible for delisting. If it cannot be proved, it will be included in the "confirmed delisting list".
