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Stock impact report

ChinaNet Online Holdings Announces Filing Extension for Form 10-K Due to COVID-19 Impacts

ZW Data Action Technologies Inc. (CNET) 
US:NASDAQ Investor Relations: investor.chinanet-online.com
Company Research Source: GlobeNewswire
BEIJING, March 23, 2020 (GLOBE NEWSWIRE) -- ChinaNet Online Holdings, Inc. (Nasdaq: CNET) ("ChinaNet" or the "Company"), an integrated online advertising, precision marketing, and data analysis and management platform company, today announced that it has filed with the Securities and Exchange Commission (the “SEC”) on March 20, 2020, to extend its 2019 Form 10-K filing deadline by 45 days to May 14, 2020. The Company applied for the extension due to the outbreak of the COVID-19 novel coronavirus, which has caused a delay in its auditor’s ability to perform the required audit work as well as a delay in the Company’s ability to consolidate and analyze its financial statements for the preparation of its annual report on Form 10-K. Importantly, the Company conducts its business operations in China, primarily in two cities, Beijing and Xiaogan, Hubei Province. Xiaogan is located close to Wuhan in Hubei Province, which was the epicenter of the COVID-19 outbreak. In accordance with the e Show less Read more
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