BEIJING, Oct. 19, 2018 /PRNewswire/ — China Avant-garde Architecture Abstracts Group, Inc. (NASDAQ CM: CADC) (the “Company” or “China AMC”), a architecture aggregation agreeable in the assembly of avant-garde architecture abstracts for ample calibration infrastructure, bartering and residential developments, today said it has accustomed a Notice from the NASDAQ Stock Market advice the Aggregation that, because its Form 10-K for the budgetary year assured June 30, 2018 (the “2018 10-K”) was not filed with the Securities and Exchange Commission by the appropriate due date of October 15, 2018, the Aggregation is accordingly not in acquiescence with the alternate filing requirements for connected advertisement set alternating in NASDAQ Advertisement Rule 5250(c)(1).
This Notice accustomed has no absolute aftereffect on the advertisement or trading of the Company’s shares. Since the Company’s Audit Committee, afterwards appointment with the Company’s absolute registered accessible accounting firm, Friedman LLP (“Friedman”) concluded, that the Company’s audited banking statements at and for the aeon assured June 30, 2017 absolute in the Company’s Annual Report on Form 10-K as able-bodied the unaudited banking statements at and for the periods assured March 31, 2018, December 31, 2017 and September 28, 2017 absolute in the Company’s Quarterly Letters on Form 10-Q should no best be relied upon, and Friedman afterwards accommodated as the Company’s absolute registered accessible accounting firm, NASDAQ Staff has activated added acrimonious belief pursuant to NASDAQ Advertisement Rule 5101 and accordingly the Aggregation has until November 14, 2018 to abide a plan to achieve compliance. The acquiescence plan is appropriate to accommodate a arbitrary of the absolute analysis into the affidavit that led to the Company’s cessation that the ahead filed financials should no best be relied upon. If Nasdaq accepts the Company’s plan, again Nasdaq may admission the Aggregation up to 180 canicule from the assigned due date for filing the 2018 10-K, or April 15, 2019, to achieve compliance.
The Aggregation expects and intends to abide to NASDAQ the acquiescence plan by November 14, 2018.
This advertisement is fabricated in acquiescence with Nasdaq Advertisement Rule 5810(b), which requires alert acknowledgment of cancellation of a absence notification.
About China Avant-garde Architecture Abstracts Group, Inc.
China ACM is a ambassador of advanced, certified eco-friendly ready-mix accurate (RMC) and provider of accompanying abstruse casework for ample scale, and added circuitous basement projects. Leveraging its proprietary technology and value-add engineering casework model, the Aggregation has won assignment on abounding aerial contour projects including the 30,000 km China HSR expansion, the Olympic Stadium Bird’s Nest, Beijing South Railway Station, Beijing International Airport, National Centre for Performing Arts, CCTV Headquarters, Beijing Yintai Building and U.S. and French embassies in China.
This columnist absolution contains advanced statements, including but not bound to statements that affair the company’s adeptness to accede with Nasdaq Advertisement Rules and the connected advertisement of the Company’s shares on Nasdaq. These advanced statements are not absolute facts, and instead are based on our accustomed expectations, estimates, opinions, and beliefs. Consequently, you should not await on these advanced statements. The accurateness of such advanced statements depends aloft approaching events, and involves risks, uncertainties, and added factors above our ascendancy that may account these statements to be inaccurate and account our absolute results, performance, or achievements to alter materially and abnormally from those advancing or adumbrated by such statements, including, amid others: the accident that the achievement and filing of the journal letters will booty best than accustomed or may not be completed at all; the accident that the aggregation will be clumsy to abide a plan to achieve acquiescence to Nasdaq afore the due date or that any such plan may not be accustomed by Nasdaq; the accident that the aggregation will be clumsy to accede with the advertisement standards for the Nasdaq market; and the risks added absolutely declared in “Item 1A. Accident Factors” in China ACM’s Annual Report on Form 10-K for the budgetary year assured June 30, 2017. China ACM does not accept any obligation to amend or alter any such advanced statements, whether as the aftereffect of new developments or otherwise.
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