Moatable Announces Delisting Proceedings of the ADS by NYSE

Core Points - Moatable, Inc. has received a notice from the NYSE regarding the delisting of its American depositary shares (ADSs) due to falling below the required market capitalization of $15 million over a 30 trading day period [1] - The company has the right to appeal this decision within ten business days, and trading of its ADSs will be suspended immediately [2] - Following the delisting, the company's ADSs will begin trading on the OTC Markets' Pink market, with potential plans to apply for OTCQB or OTCQX marketplaces [2] Company Overview - Moatable, Inc. operates two US-based SaaS businesses, Lofty Inc. and Trucker Path Inc., and its ADSs represent 45 Class A ordinary shares [3]