Lichen China Limited Announces Receipt of Notification from Nasdaq

Core Points - Lichen China Limited has received a Notification Letter from Nasdaq indicating that its ordinary shares have been below the $1.00 minimum closing bid price requirement for continued listing for the last 30 consecutive business days [1] - The Notification Letter does not currently affect the listing or trading of the Company's securities, and the Company has a compliance period of 180 calendar days until July 22, 2025, to regain compliance [2] - If the closing bid price reaches $1.00 or higher for at least ten consecutive business days during this period, Nasdaq will confirm compliance [2] - If compliance is not regained by July 22, 2025, the Company may be eligible for an additional 180-day period to regain compliance [3] - The Company will actively monitor its share bid price and evaluate options to meet the continued listing requirements [3] Company Overview - Lichen China Limited specializes in providing financial and taxation solution services, education support services, and software maintenance services under the "Lichen" brand [4] - The Company has over 18 years of experience in the financial and taxation solution services industry and is recognized for its professional and high-quality services in China [4]