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NYSE to Suspend Trading Immediately in Link Motion Inc. (LKM) and Commence Delisting Proceedings

Dec 20, 2018

NEW YORK, December 20, 2018 – The New York Stock Exchange (“NYSE”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the American Depositary Shares (each representing five Class A common shares) (the “ADS shares”) of Link Motion Inc. (the “Company”) -- ticker symbol LKM -- from the NYSE.  Trading in the Company’s ADS shares on the NYSE will be suspended immediately.

 

NYSE Regulation has determined that the Company is no longer suitable for listing based on “abnormally low” price levels, pursuant to Section 802.01D of the Listed Company Manual.

 

The Company has a right to a review of this determination by a Committee of the Board of Directors of NYSE Regulation.  The NYSE will apply to the SEC to delist the ADS shares upon completion of all applicable procedures, including any appeal by the Company of the NYSE Regulation staff’s decision.

 

Company Contact:

Email: investors@lkmotion.com

Phone: +86 10 6452 2017

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