Tuniu Faces Nasdaq Delisting Threat If $1 Bid Price Isn't Met by February
Tuniu Faces Nasdaq Delisting Threat If $1 Bid Price Isn't Met by February
Tuniu Corporation (NASDAQ:TOUR) ("Tuniu" or the "Company"), a leading online leisure travel company in China, today announced that it has received written notification from the staff of the Listing Qualifications Department of the Nasdaq Stock Market LLC ("Nasdaq") dated August 6, 2024, indicating that for the last 31 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 Rule 5450(a)(1). The Nasdaq notification letter has no current effect on the listing or trading of the Company's securities on the Nasdaq Global Market.
途牛集团（NASDAQ:TOUR）（"途牛"或"公司"），是中国领先的在线休闲旅游公司，今天宣布收到纳斯达克股票市场有限责任公司（"纳斯达克"）上市资格部工作人员于2024年8月6日的书面通知，通知指出，在过去的31个连续营业日内，公司的美国存托股（"ADSs"）的收盘买入价低于纳斯达克5350(a)(1) 名单规定的最低买入价格每股 1美元。纳斯达克通知书对公司的证券在纳斯达克全球市场上的上市或交易没有当前影响。
Pursuant to the Nasdaq Listing Rules 5810(c)(3)(A), 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.
根据纳斯达克上市规则5810(c)(3)(A)的规定，公司被授予180个日历日的合规期限，直至2025年2月3日为止，以符合上市规则要求。如果在180天的合规期限内，公司的ADSs的收盘买入价连续10个营业日为每股1美元或更高，纳斯达克将提供公司合规的书面确认，并解决此事。
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.
如果公司在2025年2月3日之前未恢复符合规定，根据纳斯达克工作人员的决定，公司可能有资格再获得180天的合规期限。
