Wunong Net Technology Company Limited

Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Wunong Net Technology Company Limited (NASDAQ: WNW) resulting from allegations that Wunong may have issued materially misleading business information to the investing public.

If you purchased Wunong securities and would like to join the prospective action, please click “Join This Class Action.”

If you purchased Wunong securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of investigation:

On May 19, 2021, Wunong issued a press release “announc[ing] that it received written notification on May 18, 2021, from The Nasdaq Stock Market LLC that it no longer complies with Listing Rule 5250(c)(1) for continued listing in that it has failed to file its annual report on Form 20-F for the year ended December 31, 2020.” Wunong advised investors that “[t]he Company is working aggressively to complete its audit and file its annual report on Form 20-F by June 30, 2021 and accordingly, regain compliance with the Nasdaq Rules ahead of the deadline to submit its plan to regain compliance.”

On this news, Wunong’s stock price fell $0.48 or 6%, to close at $6.98 on May 20, 2021.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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Company Name: Wunong Net Technology Company Limited
Stock Symbol: WNW
Class Period: N/A
Court: N/A

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