On May 27, 2024, Newegg's majority stockholder, Hangzhou Lianluo, announced plans for a reorganization, pending approval from stockholders and the Hangzhou Court on June 12, 2024. If shares remain under RMB 1 for 20 days, Hangzhou Lianluo risks delisting from the Shenzhen Stock Exchange, with shares trading at RMB 0.96 as of May 29, 2024.