Core Points - Hywin Holdings Ltd. has received a notification from Nasdaq indicating non-compliance with the minimum bid price requirement as the closing bid price of its American depositary shares has been below US$1.00 for 30 consecutive trading days [1] - The company has a compliance period of 180 calendar days, until November 25, 2024, to regain compliance with the minimum bid price requirement [2] - If the company does not regain compliance by the deadline, it may be eligible for an additional 180-day compliance period if it meets other listing requirements [3] - The notification does not affect the company's business operations or its reporting obligations [3] Company Overview - Hywin Holdings Ltd. is a leading independent wealth and health management service provider in China, focusing on asset allocation advisory services and comprehensive financial products for high-net-worth clients [4] - The company's primary services include insurance brokerage, health management, overseas wealth and asset management, and other wealth management services [4] - Hywin collaborates with leading insurance companies globally to provide insurance brokerage services and offers integrated health screening and management services to high-net-worth clients in China [4]
Hywin Holdings Announces Receipt of Notification from Nasdaq