OneConnect: Provides Update on Status Under Holding Foreign Companies Accountable Act
- OneConnect is a technology-as-a-service provider for financial institutions
- Announced that the Company is aware of the fact that it was identified by the United States Securities and Exchange Commission
- Such identification may have resulted from the Company’s filing of the annual report on Form 20-F
- The Company understands the SEC made such identification pursuant to the HFCAA and its implementation rules issued thereunder
- In accordance with the HFCAA, a company will be delisted from a U.S. stock exchange
- The Company has been actively exploring possible solutions to best protect the interest of its stakeholders
