Lixiang Education Received Notice of Failure to Satisfy Continued Listing Rule
The Minimum Bid Price Rule requires listed securities to maintain a minimum bid price of US$1.00 per share, and Listing Rule 5810(c)(3)(A) provides that a failure to meet this requirement exists if the deficiency continues for a period of 30 consecutive business days.
- The Minimum Bid Price Rule requires listed securities to maintain a minimum bid price of US$1.00 per share, and Listing Rule 5810(c)(3)(A) provides that a failure to meet this requirement exists if the deficiency continues for a period of 30 consecutive business days.
- Based on the closing bid price of the Company from March 21, 2024 to May 6, 2024, the Company no longer meets the requirement of the Minimum Bid Price Rule.
- In accordance with Listing Rule 5810(c)(3)(A), the Company has been provided 180 calendar days, or until November 4, 2024, to regain compliance with the Minimum Bid Price Rule.
- In the event that the Company does not regain compliance with the Minimum Bid Price Rule by November 4, 2024, the Company may be eligible for additional time.