ITEM 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing
On May 19, 2021, China XD Plastic Company Limited (the "Company") received a
letter (the "Letter") from the Listing Qualifications Department of the Nasdaq
Stock Market ("Nasdaq") notifying the Company that it was not in compliance with
requirements of Nasdaq Listing Rule 5250(c)(1) as a result of not having timely
filed its Quarterly Report on Form 10-Q for the quarterly period ended March 31,
2021 (the "Form 10-Q") and because the Company has not yet filed its Annual
Report on Form 10-K for the fiscal year ended December 31, 2020 (the "Form
10-K").
The Letter has no immediate effect on the listing or trading of the Company's
common stock on the Nasdaq Global Market. The Letter states that the Company is
required to submit a plan to regain compliance with Rule 5250(c)(1) by June 15,
2021. If the plan is accepted by Nasdaq, then Nasdaq can grant the Company up to
180 calendar days from the due date of the Form 10-K to regain compliance.
On May 27, 2021, the Company issued a press release announcing its receipt of
the Letter. A copy of the press release is attached as Exhibit 99.1 to this
Current Report on Form 8-K and is incorporated herein by reference.
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CHINA XD PLASTICS COMPANY LIMITED 
