Lixiang Education Received Notice of Failure to Satisfy Continued Listing Rule

Core Viewpoint - Lixiang Education Holding Co., Ltd. has received a notice from Nasdaq indicating non-compliance with the Minimum Market Value of Publicly Held Shares Rule, requiring a market value of at least US$5 million for continued listing [1][2]. Group 1: Compliance and Listing Status - The Company was found to be non-compliant with the Minimum Market Value of Publicly Held Shares Rule, which mandates a minimum market value of US$5 million for listed securities [2]. - The deficiency was noted over a period of 30 consecutive business days from July 15, 2024, to August 28, 2024 [2]. - The Company has until February 25, 2025, to regain compliance by maintaining a market value exceeding US$5 million for at least ten consecutive business days [2]. Group 2: Future Actions and Monitoring - The Company plans to actively monitor its market value of publicly held shares until the compliance deadline [3]. - The notice serves as a notification of deficiency and does not currently affect the listing or trading of the Company's securities on Nasdaq [3]. Group 3: Company Overview - Lixiang Education Holding Co., Ltd. is a private education service provider based in Lishui City, China, focusing on the healthy development of students [4].