Core Viewpoint - Tuniu Corporation has received a notification from Nasdaq regarding its American depositary shares (ADSs) trading below the minimum bid price requirement, with a compliance period of 180 days to regain compliance [1][2]. Group 1: Nasdaq Notification - Tuniu's ADSs have been below the minimum bid price of US$1.00 for 31 consecutive business days as of August 6, 2024 [1]. - The company has until February 3, 2025, to regain compliance with the Nasdaq Listing Rules [2]. - If the closing bid price reaches US$1.00 or higher for ten consecutive business days during the compliance period, Nasdaq will confirm compliance [2]. Group 2: Company Operations - The Nasdaq notification will not affect Tuniu's business operations, and the company plans to take reasonable measures to regain compliance [2]. - Tuniu is a leading online leisure travel company in China, offering a wide range of travel services, including packaged tours and travel-related services through its online platform [3].
Tuniu Announces Receipt of Minimum Bid Price Notice from Nasdaq