NANJING, China, May 6, 2022 /PRNewswire/ — Tuniu Corporation (Nasdaq: TOUR) (“Tuniu” or the “Company”), a leading online leisure travel company in Chinatoday provides an update on its status under the Foreign Corporations Liability Act (the “HFCAA”).
The Company understands that it has been provisionally identified by the United States Securities and Exchange Commission (the “SEC”) under the HFCAA as an issuer identified by the Commission on May 4, 2022 US Eastern Time. The Company understands that this identification may have resulted from the filing of the annual report on Form 20-F for the year ended December 31, 2021 with the SEC on April 29, 2022.
Tuniu understands that the SEC made this identification in accordance with the HFCAA and its implementing rules issued thereunder, and this indicates that the SEC determines that the company has engaged an accounting firm registered whose working paper cannot be inspected or studied completely by the Public Company Accounting Oversight Board of United States (the “PCAOB”) to issue the audit opinion on its financial statements for the year ended the 31st of December2021.
Pursuant to the HFCAA, if the SEC determines that the Company has filed audit reports issued by a registered public accounting firm that has not been inspected by the PCAOB for three consecutive Beginning in 2021, the SEC will prohibit the shares or U.S. depository shares of the Company from trading on a national stock exchange or in the over-the-counter market in United States.
Tuniu actively explored possible solutions. Tuniu will continue to comply with applicable laws and regulations in both China and United Statesand endeavor to maintain its Nasdaq listing status to the extent possible.
Tuniu (Nasdaq: TOUR) is one of the leading online leisure travel companies in China which offers a wide selection of organized tours, including organized and self-guided tours, as well as travel-related services for leisure travelers through its website tuniu.com and mobile platform. Tuniu covers more than 420 cities departing across China and all popular destinations around the world. Tuniu provides one-stop leisure travel solutions and a compelling customer experience through its online platform and offline service network, including a dedicated team of professional customer service representatives, call centers 24/7, extensive offline retail store networks and local self-guided tour. the operators. For more information, please visit http://ir.tuniu.com.
Safe Harbor Statement
This press release contains forward-looking statements made under the “safe harbor” provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as “will”, “expect”, “anticipate”, “future”, “intend”, “project”, “believe”, “estimate”, ” confident” and similar statements. Tuniu may also make written or oral forward-looking statements in its reports filed with or provided to the United States Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials, and in oral statements made by its officers, directors or employees to third parties. All statements that are not historical facts, including statements about Tuniu’s beliefs and expectations, are forward-looking statements that involve factors, risks and uncertainties that could cause actual results to differ materially from those contained in the forward-looking statements. These factors and risks include, but are not limited to the following: Tuniu’s objectives and strategies; the growth of the online leisure travel market in China; demand for Tuniu’s products and services; its relationships with customers and travel suppliers; the Company’s ability to offer competitive travel products and services; the future business development, operating results and financial condition of Tuniu; competition in the online travel industry China; relevant government policies and regulations relating to the Company’s structure, business and industry; the impact of COVID-19 on Tuniu’s business operations, the travel industry and the economy of China and elsewhere in general; and the general economic and trade situation in China and elsewhere. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the United States Securities and Exchange Commission. All information provided in this press release is current as of the date of the press release, and Tuniu assumes no obligation to update such information, except as required by applicable law.