ATRenew files its 2021 annual report on the 20-F form, issues the letter to shareholders and provides an update on its status under the HFCAA
On April 27, ATRenew filed its annual report on Form 20-F for the fiscal year ended December 31, 2021, with the Securities and Exchange Commission (the "SEC"). On the same day, the 2022 letter to shareholders (entitled "A Trailblazer in the New Circular Economy") authored by Mr. Kerry Xuefeng Chen, CEO of the Company, was released. In this letter, Kerry discussed the progress of the pre-owned consumer electronics industry and the Company in retrospect and reflected on the emerging challenges as well as the silver linings.
On May 5, ATRenew distributed a press release to provide an update on its status under the Holding Foreign Companies Accountable Act (the "HFCAA") that being provisionally named as a Commission-Identified Issuer by the U.S. SEC would not affect the Company’s listing status in the near term and the Company operates business as usual. The Company will continue to comply with applicable laws and regulations in both China and the U.S. and to monitor market developments and evaluate all strategic options.
The full version of the annual report, the letter to shareholders, and the press release on the status under the HFCAA are all available on the Company’s investor relations website at http://ir.atrenew.com.
Respond to COVID-19 while integrating social agenda
In response to the recurrence of the COVID-19 epidemic in Shanghai, ATRenew took active anti-COVID actions to support its staff and local communities. In April, the Company donated a total of nearly 80 metric tons of vegetables and groceries to various districts in Shanghai, a batch of pre-owned phones valued at RMB400,000 in total to Yangpu District as information collection devices in support of PCR tests, RMB200,000 in cash to purchase recyclable lunch boxes to Fudan University, and medical supplies such as protective clothing, gloves, and goggles worth RMB115,000 to Tongji University. In addition, ATRenew also delivered two batches of daily necessities to employees working from home.