Cheetah mobile announces receipt of nyse non-compliance letter regarding ads trading price

Beijing , may 13, 2022 /prnewswire/ -- cheetah mobile inc. (nyse: cmcm) ("cheetah mobile" or the "company"), a leading internet company, today announced that it has received a letter from the new york stock exchange (the "nyse") dated april 15, 2022, notifying cheetah mobile that it is below compliance standards due to the trading price of cheetah mobile's american depositary shares (the "adss"). pursuant to nyse continued listing standards applicable to cheetah mobile, the company is considered to be "below criteria" for average closing price of a security less than $1.00 over a consecutive 30 trading-day period.
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