On June 6th, Gelunhui announced that tuniu company (TOUR.US) has received a notice ("compliance notice") issued by the qualification department of Nasdaq on June 5, 2024, informing the company that it has resumed compliance with the minimum bid requirement (5450(a)(1)) of Nasdaq listing rules.
On January 9, 2024, tuniu received a notice ("deficiency notice") from Nasdaq, which stated that the closing bid price of the company's American depositary shares ("ADSs") was below the minimum bid price of $1.00 required by Nasdaq Rule 5450(a)(1) for 30 consecutive trading days. According to the deficiency notice, if the closing bid price of the company's ADSs reaches at least $1.00 for at least 10 consecutive trading days at any time during the 180-day compliance period, Nasdaq will provide the company with written compliance confirmation, and the matter will be ended. According to the compliance notice, the closing bid price of the company's ADSs reached or exceeded $1.00 per share for 11 consecutive trading days from May 20 to June 4, 2024, and the company has resumed compliance with the minimum bid requirement, and the matter has ended.