New Frontier Health Corporation Receives Notification from NYSE Regarding Late Filing of Half-Year Financial Information for Six-Month Ended June 30, 2021
BEIJING, January 11, 2022– (COMMERCIAL THREAD) – New Frontier Health Corporation (NYSE: NFH) (“NFH” or the “Company”), the operator of premium health service provider United Family Healthcare, today announced that on January 4, 2022 , the Company has received a notice of settlement from the New York Stock Exchange (the “NYSE”) indicating that it is not in compliance with the continuous listing requirements of the NYSE under the Timely Filing Criteria in accordance with section 802.01E of the NYSE Listed Company Manual (the “Continuing Listing Criteria”) due to the Company’s failure to timely file its half-year financial information for the six-month period ended June 30, 2021 on a current report on Form 6 -K (the “1H 2021 6-K”) with the SEC.
The NYSE has informed the Company that under NYSE rules, the Company has six months from December 31, 2021 to file 1H 2021 6-K with the SEC (the “Automatic Processing Period”). If the Company does not file on 1H 2021 6-K during the automatic processing period, the NYSE may, in its sole discretion, allow the Company’s securities to be traded for up to six additional months depending on specific circumstances. (the “Additional Processing Period”), as set out in the Maintenance of Listing Criteria. If the NYSE determines that an additional processing period is not appropriate, suspension and de-listing proceedings will commence in accordance with the section 804.00 of the NYSE Listed Company Manual If the NYSE determines that an additional processing period is appropriate and the company does not file the 1H 2021 6-K by the end of that period, the suspension and delisting procedures Notwithstanding the procedures described above, the NYSE may initiate a delisting proceeding at any time during the period available to the Company to complete the 1H 2021 6-K filing, if the circumstances justify it.
The Company has yet to file 1H 2021 6-K with the SEC as it has focused its resources on its previously announced privatization transaction (the “Privatization”), which is expected to be finalized in the first quarter of 2022. If Once completed, the Privatization would result in the Company becoming a private company and its common shares and warrants no longer listed on the NYSE. If the Company finalizes the Privatization before the end of the Automatic Cure Period (or the Additional Cure Period, if applicable), the Company does not intend to file by 1H 2021 6-K since its securities do not will no longer be listed on the NYSE.
About the New Frontier Health Society
New Frontier Health Corporation is the operator of United Family Healthcare (“UFH”), one of the leading private health care providers providing comprehensive premium health services in China through a network of private hospitals and clinics. affiliated outpatients. UFH currently has nine hospitals in operation or under construction in the four level 1 cities and some level 2 cities. Additional information can be found at www.nfh.com.cn.
Certain statements made in this press release are “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates” , “Forecast,” “expects”, “anticipates”, “anticipates”, “anticipates”, “intends”, “believes”, “seeks”, “may”, “will”, “should” , “future”, “proposes” and variations of such words or expressions (or negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements include, without limitation, the ability to NFH to file on 1H 2021 6-K, the possibility that the privatization will not proceed as planned if events occur that result in the termination of the merger agreement providing for the privatization, if the planned funding for the privatization is not not available for some reason, or if one or more of the various conditions for closing the privatization are not met or canceled, and other risks and uncertainties relating to the privatization, as set out in Annex 13E-3 transaction statement, originally filed with the SEC on October 5, 2021, as amended. These forward-looking statements are not guarantees of future results and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of NFH, which could cause results. actual or significantly different results from those discussed. in forward-looking statements. NFH assumes no obligation to update or revise forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
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Arthur, Yue Chen
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