Jianzhi Education Technology Group Company Limited Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency
12 Agosto 2024 - 3:15PM
Jianzhi Education Technology Group Company Limited (the “Company”
or “Jianzhi”) (NASDAQ: JZ), a leading provider of digital
educational content in China, today announced that the Company has
received written notification from the staff of the Listing
Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”)
dated August 7, 2024, indicating that for the last 30 consecutive
business days, the closing bid price for the Company’s American
depositary shares (the “ADSs”) was below the minimum bid price of
US$1.00 per share requirement set forth in Nasdaq Listing Rules.
The Nasdaq notification letter has no current effect on the listing
or trading of the Company’s securities on the Nasdaq Global Select
Market.
Pursuant to the Nasdaq Listing Rules, the
Company is provided with a compliance period of 180 calendar days,
or until February 3, 2025, to regain compliance under the Listing
Rules. If at any time during the 180-day compliance period, the
closing bid price of the Company’s ADSs is US$1.00 per share or
higher for a minimum of ten consecutive business days, the Nasdaq
will provide the Company written confirmation of compliance and the
matter will be closed.
In the event the Company does not regain
compliance by February 3, 2025, subject to the determination by the
staff of Nasdaq, the Company may be eligible for an additional
180-day compliance period.
The Nasdaq notification letter will have no
effect on the Company’s business operations, and the Company will
take all reasonable measures to regain compliance.
About Jianzhi Education Technology Group
Company Limited
Headquartered in Beijing and established in
2011, Jianzhi is a leading provider of digital educational content
in China and has been committed to developing educational content
to fulfill the massive demand for high-quality, professional
development training resources in China. Jianzhi started operations
by providing educational content products and IT services to higher
education institutions. Jianzhi also provides products to
individual customers. Leveraging its strong capabilities in
developing proprietary professional development training content
and success in consolidating educational content resources within
the industry, Jianzhi has successfully built up a comprehensive,
multi-dimensional digital educational content database which offers
a wide range of professional development products. Jianzhi embeds
proprietary digital education content into the self-developed
online learning platforms, which are provided to a wide range of
customers through its omni-channel sales system. Jianzhi is also
fully committed to the digitalization and informatization of the
education sector in China. For more information, please visit:
www.jianzhi-jiaoyu.com
Safe Harbor Statement
This press release contains statements that may
constitute “forward-looking” statements pursuant to the “safe
harbor” provisions of the U.S. Private Securities Litigation Reform
Act of 1995. These forward-looking statements can be identified by
terminology such as “will,” “expects,” “anticipates,” “aims,”
“future,” “intends,” “plans,” “believes,” “estimates,” “likely to,”
and similar statements. Statements that are not historical facts,
including statements about the Company’s beliefs, plans, and
expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. Further
information regarding these and other risks is included in the
Company’s filings with the SEC. All information provided in this
press release is as of the date of this press release, and the
Company does not undertake any obligation to update any
forward-looking statement, except as required under applicable
law.
For investor and media inquiries, please
contact:
Janice WangWealth Financial Services LLCPhone:
+86 13811768559+1 628 283 9214Email: services@wealthfsllc.com
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