Jianzhi Education Technology Group Company Limited (Jianzhi), a leading provider of digital educational content in China, has announced that it has received a written notification from the Nasdaq Stock Market LLC. The notification states that for the last 30 consecutive business days, the closing bid price for the Company’s American depositary shares (ADSs) was below the minimum bid price requirement set forth in Nasdaq Listing Rule 5450(a)(1).
According to Nasdaq Listing Rules, Jianzhi has a 180-day compliance period, until March 11, 2024, to regain compliance. If the closing bid price of the Company’s ADSs is $1.00 per share or higher for a minimum of ten consecutive business days during this period, the Nasdaq will provide written confirmation of compliance and the matter will be closed. If the Company does not regain compliance by March 11, 2024, it may be eligible for an additional 180-day compliance period.
Despite the Nasdaq notification, Jianzhi has reassured that the letter will have no effect on the Company’s business operations. Jianzhi remains committed to taking all necessary measures to regain compliance. The Company is headquartered in Beijing and was established in 2011. It has been dedicated to developing digital educational content to meet the demand for high-quality professional development training resources in China.
Jianzhi provides its content products and IT services to higher education institutions and individual customers. With its proprietary digital education content embedded into self-developed online learning platforms, Jianzhi offers a wide range of professional development products to a diverse customer base. The Company is also actively working towards the digitalization and informatization of the education sector in China.
For more information, please visit the official website of Jianzhi Education Technology Group Company Limited: www.jianzhi-jiaoyu.com.
Sources:
– Jianzhi Education Technology Group Company Limited
– Nasdaq Listing Rule 5450(a)(1)
– Nasdaq Listing Rules 5810(c)(3)(A)