Huize Regains Compliance with Nasdaq Minimum Bid Price Requirement

Core Viewpoint - Huize Holding Limited has regained compliance with Nasdaq Listing Rule 5450(a)(1) regarding the Minimum Bid Price Requirement, as confirmed by Nasdaq on December 30, 2024 [1][3]. Company Overview - Huize Holding Limited is a leading insurance technology platform in Asia, connecting consumers, insurance carriers, and distribution partners through data-driven and AI-powered solutions [4]. - The company targets mass affluent consumers and offers a comprehensive insurance ecosystem that covers the entire insurance life cycle, providing a wide range of products and services [4]. - Huize leverages AI, data analytics, and digital capabilities to enhance the insurance service chain, focusing on consultation, user engagement, marketing, risk management, and claims service [4]. Compliance Details - The company was previously notified by Nasdaq on September 10, 2024, that it was not in compliance with the Minimum Bid Price Requirement due to its American depositary shares (ADSs) closing below US$1.00 for 30 consecutive business days [2]. - Nasdaq confirmed that the closing bid price of the company's ADSs was at or above US$1.00 for 10 consecutive business days from December 9, 2024, to December 27, 2024, leading to the closure of the compliance matter [3].