Delisting Determination,The Nasdaq Stock Market, LLC,
June 3, 2011, Fuqi International, Inc. The Nasdaq Stock
Market, Inc. (the Exchange) has determined to remove
from listing the common stock of Fuqi International, Inc.
(the Company), effective at the opening of the trading
session on June 13, 2011. Based on review of information
provided by the Company, Nasdaq Staff determined that the
Company no longer qualified for listing on the Exchange
pursuant to Listing Rule 5250(c)(1). The Company was
notified of the Staffs determination on September 29, 2010.
The Company appealed the determination to a Hearing Panel.
Upon review of the information provided by the Company,
the Panel issed a decision dated December 9, 2010, and later
modified on January 20, 2011, granting
the Company continued listing pursuant to an exception
through May 9, 2011, by which date the Company was
required to regain compliance with Listing Rules
5250(c)(1), 5620(a), and 5620(b). However, the Company did
not regain compliance by that date. On March 28, 2011,
the Panel issued a final delisting determination and
notified the Company that trading in the Companys
securities would be suspended on March 29, 2011.
The Company did not request a review of the Panels decision
by the Nasdaq Listing and Hearing Review Council. The
Listing Council did not call the matter for review.
The Panels Determination to delist the Company became
final on May 12, 2011.