Jayud Global Logistics Announces Receipt of Nasdaq Notification Letter Regarding Minimum Bid Price Deficiency

Core Viewpoint - Jayud Global Logistics Limited has received a delinquency notification from Nasdaq due to its ordinary shares trading below the minimum bid price requirement of $1.00 for 30 consecutive business days, with a compliance deadline set for December 3, 2024 [1][2]. Group 1: Compliance Notification - The Company was notified on June 6, 2024, that it is not in compliance with Nasdaq's minimum bid price requirement [1]. - The closing bid price for the Company's shares has been below$1.00 for 30 consecutive business days, violating Nasdaq Listing Rule 5550(a)(2) [1]. - The Company has 180 calendar days from the date of the Notice to regain compliance, specifically until December 3, 2024 [1][2]. Group 2: Trading Status - Despite the notification, the Company's ordinary shares will continue to trade uninterrupted on Nasdaq under the ticker "JYD" [2]. - If the bid price reaches or exceeds $1.00 for at least 10 consecutive business days before the compliance deadline, Nasdaq will confirm compliance [2]. Group 3: Potential for Additional Time - If compliance is not regained by December 3, 2024, the Company may be eligible for additional time to meet the requirements, provided it meets other listing standards [3]. - The Company must notify Nasdaq of its intent to cure the deficiency during the second compliance period to qualify for this extension [3]. Group 4: Company Overview - Jayud Global Logistics Limited is a leading end-to-end supply chain solution provider based in Shenzhen, specializing in cross-border logistics [4]. - The Company operates globally with logistics facilities in 12 provinces in Mainland China and 16 countries across six continents [4]. - Jayud offers a comprehensive range of services, including freight forwarding and supply chain management, supported by proprietary IT systems [4].