The best possible reason why The9 Limited (NCTY) shares saw a plunge in the Pre-market

TDOC Stock
TDOC Stock

An established Internet company, The9 Limited (Nasdaq: NCTY ), shares slipped 9.22% to  $3.15 in the pre-marketing session after the company announced it would hold its annual general meeting on December 22, 2020, starting at 2:00 p.m. Shanghai time, at No. 130 Wu Song Road, Hong Kou District, Shanghai 200080.

There will not be a proposal submitted to shareholders for approval at the annual general meeting. Instead, the annual general meeting will be an open forum for shareholders and beneficial owners to discuss Company affairs.

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For purposes of determining the shareholders entitled to notice of an annual general meeting or any adjournment or postponement thereof, the Board of Directors of the Company has fixed the close of business on November 27, 2020, as the record date.

Beneficial owners of shares of The9 Limited (Nasdaq: NCTY) are welcome to attend the annual general meeting in person, as are holders of a record number of ordinary shares at the end of business on the Record Date.


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