News Column

NYSE to Immediately Suspend Trading in American Depositary Shares of Ambow Education Holding Ltd. and Commence Delisting Proceedings

May 19, 2014



ENP Newswire - 19 May 2014

Release date- 16052014 - The New York Stock Exchange ('NYSE') announced today that the staff of NYSE Regulation, Inc. ('NYSE Regulation') has determined to commence proceedings to delist the American Depositary Shares ('ADSs') of Ambow Education Holding Ltd. (the 'Company') - ticker symbol AMBO - from the NYSE.

Trading in the Company's ADSs will be suspended prior to the market opening on May 19, 2014.

Trading in the Company's ADSs was previously halted on March 22, 2013, as NYSE Regulation was reviewing the Company's suitability for continued listing, as discussed in its March 22, 2013 press release. Trading in the ADSs remains halted at this time.

NYSE Regulation is commencing delisting proceedings at this time because the Company has not yet filed with the Securities and Exchange Commission ('SEC') its annual report on Form 20-F for the fiscal year ended December 31, 2012 (the '2012 Form 20-F'). As of May 15, 2014, the Company has exhausted in relation to its 2012 Form 20-F the maximum allowable period under Section 802.01E of the NYSE's Listed Company Manual for which a company may remain listed after it becomes delinquent in filing its annual report with the SEC. NYSE Regulation also notes that the Company did not timely file with the SEC its Form 20-F for the fiscal year ended December 31, 2013.

The Company has a right to a review of this determination by a Committee of the Board of Directors of NYSE Regulation. The NYSE will apply to the SEC to delist the Company's ADSs upon the completion of all applicable procedures, including any appeal by the Company of the NYSE Regulation staff's decision.

Company contact:

Mitchell Nussbaum

Loeb & Loeb LLP

Tel: + 212-407-4159


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Source: ENP Newswire