Jianpu blames failure to send in its annual report on the coronavirus

July 3, 2020

Chinese FinTech Jianpu Technology has been told that its failure to send in its annaual report means it is non-compliant with regulations.

Jianpu is an independent open platform for discovery and recommendation of financial products in China.

The NYSE Regulation sent the notice, telling Jianpu that it had failed to live up to its compliance obligations as a result of its failure to timely file its annual report on Form 20-F for the year ended December 31, 2019 with the Securities and Exchange Commission (SEC).

Jianpu has blamed the delay on the Covid-19 outbreak, which it said said it had told the SEC about it in a form sent in at the end of April. Jianpu said it is making all efforts to file the 2019 Form 20-F as soon as possible.

NYSE Regulation notified the company that the NYSE will closely monitor the status of the Company’s late filing and related public disclosures for up to a six-month period from the due date of the annual report. If Jianpu ompany fails to file its annual report and any subsequent delayed filings within six months from the filing due date, the NYSE may, in its sole discretion, allow the company’s securities to trade for up to an additional six months depending on specific circumstances.