TIAN RUIXIANG Holdings Ltd Receives Discover from Nasdaq Concerning Delay in Submitting Annual Report on Type 20-F

BEIJING, April 21, 2021 / RPNewswire / – TIAN RUIXIANG Holdings Ltd (Nasdaq: TIRX) (the “Firm”), has Chinainsurance coverage dealer, at this time introduced that the April 21, 2021, it has obtained a discover (the “Discover”) from the Nasdaq Inventory Market LLC (“Nasdaq”), stating that, for failure to well timed file its annual report on Type 20-F (the “Type 20 -F ”)) for the monetary yr ended October 31, 2020, the corporate isn’t in compliance with Nasdaq rule 5250 (c) (1), which requires the well timed submitting of all required periodic monetary studies with the Securities and Change Fee.

The Discover has no speedy affect on the itemizing of the Firm’s securities, which is able to proceed to commerce on the Nasdaq, topic to the Firm’s compliance with different Nasdaq steady itemizing necessities. Nasdaq requires the corporate to submit a plan no later than Might 5, 2021 to regain compliance. If the Nasdaq accepts the plan, the Nasdaq could grant the Firm an exception of as much as 180 calendar days from the due date of Type 20-F, or till August 27, 2021, to regain compliance. The corporate is working diligently and plans to file Type 20-F as quickly as attainable.

About TIAN RUIXIANG Holdings Ltd

TIAN RUIXIANG Holdings Ltd, headquartered at Beijing, China, is an insurance coverage dealer working in China. It distributes a variety of insurance coverage merchandise, that are categorised into two main teams: (1) property and casualty insurance coverage, equivalent to vehicle insurance coverage, business property insurance coverage, legal responsibility insurance coverage; and (2) life insurance coverage, equivalent to particular person and group life insurance coverage. For extra info, go to the corporate’s web site at http://ir.tianrx.com/.

Ahead-looking statements

All statements aside from statements of historic reality on this announcement are forward-looking statements. These forward-looking statements contain recognized and unknown dangers and uncertainties and are primarily based on present expectations and projections concerning future occasions and monetary traits that the Firm believes might have an effect on its monetary situation, outcomes of operations, enterprise technique. and his monetary wants. Buyers could establish these forward-looking statements by phrases or phrases equivalent to “could”, “will”, “count on”, “anticipate”, “intention”, “estimate”, “intend”, “plan” “,” Consider “,” potential “,” proceed “,” is / is prone to “or different comparable expressions. The Firm assumes no obligation to replace forward-looking statements to replicate subsequent occasions or circumstances, or modifications in its expectations, besides as required by regulation. Though the Firm believes that the expectations expressed in these forward-looking statements are affordable, it can’t guarantee you that these expectations will show to be appropriate, and the Firm cautions traders that precise outcomes could differ materially from anticipated outcomes and encourages traders to contemplate different components that will have an effect on its future ends in the corporate’s registration assertion and in its different paperwork filed with the SEC.

For extra info please contact:

Sherry Zheng
Weitian LLC Group
Phone: 718-213-7386
E-mail: [email protected]

SOURCE TIAN RUIXIANG Holdings Ltd


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