Recent Securities Litigations

Cloopen Group Holding Limited American Depositary Shares each representing two Class A Ordinary Shar (NYSE: RAAS)

23 Days left to seek lead plaintiff status.

Company Name:Cloopen Group Holding Limited American Depositary Shares each representing two Class A Ordinary Shar
Stock Symbol:NYSE: RAAS
Class Period Start:02/09/2021
Class Period End (inclusive):05/10/2021
Filing Deadline:02/08/2022

The alleged false and misleading statements and omissions include, but are not limited to, that: (i) the Company’s growth strategy was not working, and its existing customers were abandoning the Company (ii) an increasing number of the Company’s customers were refusing to pay, forcing it to record massive increases in its accounts receivables and allowance for doubtful accounts; (iii) the Company was weighed down by huge liabilities related to the fair value of certain recently-granted warrants; and (iv) as a result of the foregoing, the Company’s statements were materially false and misleading at all relevant times.

Cloopen Group Holding Limited American Depositary Shares each representing two Class A Ordinary Shar (NYSE: RAAS) Claim Form

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