SHANGHAI, (Reuters) – China’s Securities regulator stated on Saturday that Didi Global’s decision to withdraw from the New York Stock Exchange listing was a decision made by Didi Global based on market conditions and its individual situation.

Didi’s removal from the U.S. stock exchange has nothing to do U.S.-listed Chinese shares or ongoing Chinese regulatory efforts to settle an audit dispute affecting U.S. listed Chinese firms. The China Securities Regulatory Commission stated in a WeChat statement that Didi’s delisting is not related to other U.S. stocks.

Didi announced on Saturday that the New York Stock Exchange would host an extraordinary general meeting for shareholders on May 23, to allow them to cast their votes on voluntary delisting.