51job Receives Nasdaq Letter Due to Director Vacancy

51job, 12/06/12

Chinese online recruitment site 51job (Nasdaq: JOBS) announced today that the company has received a letter, dated December 6, 2012, from the Nasdaq stock exchange stating that the company no longer complies with Nasdaq's independent director and audit committee requirements as set forth in Listing Rules 5605(b)(1) and 5605(c)(2)(A), respectively.

The letter also stated that, consistent with Listing Rules 5605(b)(1)(A) and 5605(c)(4)(B), Nasdaq will provide the company a remedy period in order to regain compliance. The company intends to regain full compliance by adding a new independent director before the earlier of the Company's next annual shareholders meeting or December 6, 2013. If the next annual shareholders meeting is held before June 4, 2013, then the Company will evidence compliance no later than June 4, 2013.

Keywords: financing Internet Nasdaq 51job online recruitment JOBS

Feedback

Sending

Disclaimer

The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily