Thursday, January 9, 2025
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OneConnect: Provides Update on Status Under Holding Foreign Companies Accountable Act

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

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