Lixiang Education Regains Compliance with Nasdaq Minimum Bid Price Requirement

Core Viewpoint - Lixiang Education Holding Co., Ltd. has regained compliance with Nasdaq's bid price requirement, allowing it to continue its listing on the Nasdaq Stock Market [1][2]. Group 1: Compliance and Listing Status - On January 24, 2024, the Nasdaq Hearing Panel notified the Company that it has regained compliance with the bid price concern [1]. - The Company was initially notified on May 3, 2023, regarding its failure to maintain a minimum bid price of $1.00 per share for 30 consecutive trading days [2]. - The Company was granted a 180-day extension until October 30, 2023, to regain compliance and was later given an exception until January 31, 2024, to effect a reverse stock split [2]. Group 2: Reverse Stock Split - Effective January 3, 2024, the Company executed a 1-for-2 reverse stock split to help regain compliance with the Bid Price Rule [2]. Group 3: Company Overview - Lixiang Education Holding Co., Ltd. is a prestigious private education service provider based in Lishui City, Zhejiang Province, China [3]. - The Company's educational philosophy focuses on guiding the healthy development of students and establishing a solid foundation for their lifelong advancement and happiness [3].