LightInTheBox Receives Non-compliance Letter from NYSE Regarding Market Capitalization

Core Viewpoint - LightInTheBox Holding Co., Ltd. has received a notice from the NYSE indicating that it is below the listing criteria due to its average total market capitalization and stockholders' equity being less than $50 million [1][2]. Group 1: NYSE Notification and Response - The company intends to remedy the deficiency and has notified the NYSE of its intention to cure the issue within the stipulated timeframe [2]. - LightInTheBox has 90 calendar days from the receipt of the notice to submit a business plan demonstrating compliance with the NYSE listing standards within 18 months [2]. - If the business plan is accepted, the company's American Depositary Shares (ADSs) will continue to be listed and traded on the NYSE, subject to semi-annual reviews [2]. Group 2: Current Compliance Status - The notice does not have an immediate impact on the listing of the company's ADSs, which will continue to be traded on the NYSE as the company is currently in compliance with all other listing standards [3]. - The NYSE notification does not affect the company's business operations or its SEC reporting requirements [3]. Group 3: Company Overview - LightInTheBox is a global online retail company that has shifted its focus to apparel design, launching its proprietary brand Ador.com to cater to the demand for accessible higher-end fashion [4]. - Ador.com specializes in designer-quality clothing for women aged 35-55 and operates design studios in the U.S. and China [4]. - The company also provides a range of services to e-commerce businesses, including advertising, supply chain management, and order fulfillment [4].