Nasdaq Approves EHang’s Request to Suspend Trading of ADSs until no later than October 13, 2023 Pending Material Announcement
10 October 2023 - 12:15AM
EHang Holdings Limited (“EHang” or the “Company”) (Nasdaq: EH), the
world’s leading autonomous aerial vehicle (“AAV”) technology
platform company, announced that in anticipation of an upcoming
announcement concerning a very significant development regarding
its business operations, the Company has voluntarily requested the
Nasdaq Stock Market LLC (the “Nasdaq”) to, and the Nasdaq has
approved to temporarily suspend the trading of the Company’s
American depositary shares (the “ADSs”) since the market opens at
9:30 a.m., October 9, 2023, Eastern Time.
The Company plans to announce the new
development, and make an application with the Nasdaq to resume the
trading of its ADSs, no later than 5:00 a.m., October 13, 2023,
Eastern Time.
About EHang
EHang (Nasdaq: EH) is the world's leading
autonomous aerial vehicle (AAV) technology platform company. Our
mission is to make safe, autonomous, and eco-friendly air mobility
accessible to everyone. EHang provides customers in various
industries with AAV products and commercial solutions: air mobility
(including passenger transportation and logistics), smart city
management, and aerial media solutions. As the forerunner of
cutting-edge AAV technologies and commercial solutions in the
global Urban Air Mobility (UAM) industry, EHang continues to
explore the boundaries of the sky to make flying technologies
benefit our life in smart cities. For more information, please
visit www.ehang.com.
Safe Harbor Statement
This press release contains statements that may
constitute “forward-looking” statements pursuant to the “safe
harbor” provisions of the U.S. Private Securities Litigation Reform
Act of 1995. These forward-looking statements can be identified by
terminology such as “will,” “expects,” “anticipates,” “aims,”
“future,” “intends,” “plans,” “believes,” “estimates,” “likely to”
and similar statements. Statements that are not historical facts,
including statements about management’s beliefs and expectations,
are forward-looking statements. Forward-looking statements involve
inherent risks and uncertainties. A number of factors could cause
actual results to differ materially from those contained in any
forward-looking statement, including but not limited to those
relating to EH216-S type certification, our expectations regarding
demand for, and market acceptance of, our AAV products and
solutions and the commercialization of UAM services, our
relationships with strategic partners, and current litigation and
potential litigation involving us. Management has based these
forward-looking statements on its current expectations,
assumptions, estimates and projections. While they believe these
expectations, assumptions, estimates and projections are
reasonable, such forward-looking statements are only predictions
and involve known and unknown risks and uncertainties, many of
which are beyond management’s control. These statements involve
risks and uncertainties that may cause EHang’s actual results,
performance or achievements to differ materially from any future
results, performance or achievements expressed or implied by these
forward-looking statements.
Media Contact: pr@ehang.com
Investor Contact:
ir@ehang.com
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