UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of May 2022
Commission File Number: 001-36427
CHEETAH MOBILE INC.
Building No. 11
Wandong Science and Technology Cultural Innovation Park
No.7 Sanjianfangnanli, Chaoyang District
Beijing 100024
Peoples Republic of China
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
CHEETAH MOBILE INC. | ||||
By | : | /s/ Thomas Jintao Ren | ||
Name | : | Thomas Jintao Ren | ||
Title | : | Chief Financial Officer |
Date: May 13, 2022
Exhibit Index
Exhibit 99.1 Press Release
Exhibit 99.1
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 Mobiles 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. As of April 14, 2022, the 30 trading-day average price of the ADSs was $0.98.
The Company must bring its share price and average share price back above $1.00 by six months following receipt of the notification by the NYSE. In the event that at the expiration of the six-month cure period, both a $1.00 closing share price on the last trading day of the cure period and a $1.00 average closing share price over the 30 trading-day period ending on the last trading day of the cure period are not attained, the NYSE will commence suspension and delisting procedures. Alternatively, the Company can also demonstrate an accelerated cure based on a $1.00 share price on both the last trading day of any calendar month within the six-month cure period and the average share price over the 30 trading days preceding the end of that month.
To address this issue, Cheetah Mobile intends to monitor the market conditions of its listed securities and is still considering its options.
About Cheetah Mobile Inc.
Cheetah Mobile is a leading internet company. It has attracted hundreds of millions of monthly active users through an array of internet products such as Clean Master, Security Master and several casual games. The Company provides advertising services to advertisers worldwide as well as value-added services including the sale of premium membership and in-app virtual items to its users. Cheetah Mobile is also committed to leveraging its cutting-edge artificial intelligence technologies to power its products and make the world smarter. It has been listed on the New York Stock Exchange since May 2014.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under 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, future, intends, plans, believes, estimates and similar statements. Statements that are not historical facts, including statements about Cheetahs 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. All information provided in this press release is as of the date of this press release, and Cheetah does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
Investor Relations Contact
Cheetah Mobile Inc.
Tel: +86 10 6292 7779
Email: ir@cmcm.com