Title: ATA Creativity Global American Depositary Shares Listing Requirements for Class C Shares

Are you considering listing your company's American Depositary Shares (ADSs) on a global exchange? If so, understanding the listing requirements for ATA Creativity's Class C Shares is crucial. This article delves into the specifics of these requirements, ensuring you are well-prepared for the process.

Understanding ATA Creativity's Class C Shares

ATA Creativity, a leading global company, offers Class C Shares through American Depositary Shares (ADSs). These ADSs represent the equivalent of one Class C Share in the company's parent entity. It is essential to note that ADSs are traded on U.S. exchanges, making it easier for U.S. investors to invest in foreign companies.

Listing Requirements for ATA Creativity's Class C Shares

1. Financial Reporting Standards: ATA Creativity must comply with the U.S. Securities and Exchange Commission's (SEC) financial reporting standards. This includes filing regular financial statements, such as the 10-K and 10-Q, within the required deadlines.

2. Corporate Governance: The company must adhere to the corporate governance standards set by the NASDAQ or the New York Stock Exchange (NYSE), depending on the chosen exchange. This includes maintaining an independent board of directors, establishing audit committees, and adopting a code of ethics.

3. Minimum Market Capitalization: ATA Creativity must meet the minimum market capitalization requirement of the chosen exchange. For the NASDAQ, the minimum requirement is 15 million, while for the NYSE, it is 100 million.

4. Trading Volume: The company must maintain a minimum trading volume to ensure liquidity. For the NASDAQ, the minimum requirement is 1 million shares, while for the NYSE, it is 500,000 shares.

5. Listing Agent: ATA Creativity must engage a qualified listing agent to assist with the listing process. The agent will handle the submission of the listing application, ensure compliance with exchange requirements, and facilitate the trading of ADSs.

Case Study: Successful Listing of XYZ Corporation

XYZ Corporation, a global tech company, successfully listed its Class C Shares through ADSs on the NASDAQ. The company met all the necessary listing requirements, including financial reporting standards, corporate governance, minimum market capitalization, and trading volume. With the help of a qualified listing agent, XYZ Corporation was able to list its ADSs and attract a significant number of U.S. investors.

Conclusion

Listing ATA Creativity's Class C Shares through American Depositary Shares (ADSs) on a global exchange can be a significant step towards expanding the company's investor base. By understanding and adhering to the listing requirements, ATA Creativity can ensure a smooth and successful listing process.