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Stock impact report

ATA Creativity Global Provides Updates on Status Under Holding Foreign Companies Accountable Act

ATA Creativity Global - American Depositary Shares, each representing two common shares (AACG) 
Company Research Source: GlobeNewswire
BEIJING, May 06, 2022 (GLOBE NEWSWIRE) -- ATA Creativity Global ("ACG" or the "Company", Nasdaq: AACG), an international educational services company focused on providing quality learning experiences that cultivate and enhance students’ creativity, today provided an update on its status under the Holding Foreign Companies Accountable Act (the “HFCAA”). The Company was provisionally identified as a Commission-Identified Issuer by the United States Securities and Exchange Commission (the “SEC”) on May 4, 2022 under the HFCAA and its implementation rules issued thereunder, following the Company’s filing of its annual report on Form 20-F for the year ended December 31, 2021 with the SEC on April 26, 2022. The Company understands that such identification indicates that the SEC determined that the Company engaged a registered public accounting firm whose working paper cannot be inspected or investigated completely by the Public Company Accounting Oversight Board of the United States (the Show less Read more
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