BEIJING, July 4, 2025 /PRNewswire/ — Autozi Web Era (International) Ltd. (Nasdaq: AZI) (“Autozi” or the “Company”), an car services corporate in China, lately introduced that it has won a notification letter dated July 2, 2025 (the “Notice”) from the body of workers of the Record {Qualifications} Section of The Nasdaq Hold Marketplace LLC (“Nasdaq”), indicating that for the terminating 30 consecutive trade days, the utmost bid worth of the Corporate’s American depositary stocks (the “ADSs”) was once underneath the minimal bid worth of US$1.00 in keeping with proportion requirement all set forth in Nasdaq Record Rule 5450(a)(1). The Understand has negative flow impact at the record or buying and selling of the Corporate’s ADSs on Nasdaq.
Pursuant to the Nasdaq Record Rule 5810(c)(3)(A), the Corporate is supplied with a compliance duration of 180 calendar days, or till December 29, 2025, to regain compliance below the Nasdaq Record Regulations. If at any presen all over the 180-day compliance duration, the utmost bid worth of the Corporate’s ADSs is US$1.00 in keeping with proportion or upper for no less than ten consecutive trade days, Nasdaq will lend the Corporate written affirmation of compliance and the subject shall be closed. Within the match the Corporate does no longer regain compliance by means of December 29, 2025, topic to the decision by means of the body of workers of Nasdaq, the Corporate is also eligible for an alternative 180-day compliance duration if it meets the continuing record requirement for marketplace price of publicly held stocks and all alternative preliminary record requirements, apart from the minimal bid worth requirement. On this case, the Corporate will wish to lend written realize of its goal to fix the deficiency all over the second one compliance duration, together with by means of effecting a opposite accumulation break, if essential.
The Nasdaq notification letter does no longer impact the Corporate’s trade operations, and the Corporate will whip all cheap measures to regain compliance throughout the prescribed grace duration.
About Autozi
Autozi Web Era (International) Ltd. is a , fast-growing supplier of lifecycle car services and products in China. Based in 2010, Autozi offer a complete length of high quality, reasonably priced, {and professional} car services thru each on-line and offline channels around the nation. Leveraging its complex on-line provide chain cloud platform and SaaS answers, Autozi has constructed a dynamic ecosystem that connects key members around the car trade. This interconnected community permits extra environment friendly collaboration and streamlined processes all the way through all the provide chain, positioning Autozi as a key driving force of innovation and enlargement within the car services and products sector.
Safeguard Harbor Remark
This announcement accommodates forward-looking statements. Those statements are made below the “safe harbor” provisions of the U.S. Personal Securities Litigation Reform Business of 1995, together with however no longer restricted to statements alike to Autozi’s money place, monetary sources and attainable for era enlargement, marketplace acceptance and penetration of untouched or deliberate product choices, and era routine revenues and result of operations. Those forward-looking statements may also be recognized by means of terminology equivalent to “aim,” “anticipate,” “believe,” “estimate,” “expect,” “hope,” “going forward,” “intend,” “ought to,” “plan,” “project,” “potential,” “seek,” “may,” “might,” “can,” “could,” “will,” “would,” “shall,” “should,” “is likely to” and the detrimental mode of those phrases and alternative matching expressions. Amongst alternative issues, statements that aren’t historic info, together with statements in regards to the Corporate’s ideals and expectancies are or comprise forward-looking statements. Ahead-looking statements contain inherent dangers and uncertainties. Quite a lot of components may reason original effects to fluctuate materially from the ones contained in any forward-looking commentary. All knowledge supplied on this press loose is as of the age of this press loose and is in accordance with suppositions that the Corporate believes to be cheap as of this age, and the Corporate does no longer adopt any legal responsibility to replace any forward-looking commentary, with the exception of as required below appropriate regulation.
Touch Knowledge
Autozi Web Era (International) Ltd.
Ms. June Wang
E-mail: [email protected]
SOURCE Autozi Web Era (International) Ltd.
