Notice of Delisting or Failure to Satisfy a Continued Listing
Rule or Standard; Transfer of Listing.
LISHUI, China, Sept. 23,
2022 /PRNewswire/ -- On September 15, 2022, Lixiang Education Holding
Co., Ltd (the "Company") received a written notice (the "Notice")
from the Listing Qualifications Department of The Nasdaq Global
Market ("Nasdaq") indicating that the Company was not in compliance
with Listing Rule 5450(a)(2) (the "Minimum Public Holders Rule"),
which requires the Company to have at least 400 public holders for
continued listing on the Nasdaq Global Market. The Notice is only a
notification of deficiency, not of imminent delisting, and has no
current effect on the listing or trading of the Company's
securities on the Nasdaq Global Market.
The Notice states that the Company has 45 calendar
days to submit a plan to regain compliance
with the Minimum Public Holders Rule. The
Company intends to submit a plan to regain compliance with the
Minimum Public Holders Rule within the required timeframe. If
Nasdaq accepts Company's plan, Nasdaq may grant the
Company an extension of up to 180 calendar days from the date of
the Notice to evidence compliance with the Minimum Public Holders
Rule. If Nasdaq does not accept the Company's plan, the
Company will have the opportunity to appeal the decision in
front of a Nasdaq Hearings Panel.
About Lixiang Education Holding Co., Ltd.
Founded in Lishui City, China, Lixiang Education Holding
Co., Ltd. is one of the leading providers of education services
in Zhejiang Province. The Company's education philosophy is to
guide the healthy development of students and to establish a solid
foundation for their lifelong advancement and happiness. For more
information, please visit: www.lixiangeh.com.
Forward-Looking Statements
The Company makes forward-looking statements in this Form 6-K
within the meaning of the Private Securities Litigation Reform Act
of 1995. These forward-looking statements relate to expectations or
forecasts for future events. These forward-looking statements are
based on information available to us as of the date of this Form
6-K, and involve substantial risks and uncertainties. Actual
results may vary materially from those expressed or implied by the
forward-looking statements herein due to a variety of factors,
including the Company's ability to submit a plan of compliance
satisfactory to Nasdaq, its ability to evidence that it has a
minimum of 400 public holders, and other risks and uncertainties
set forth in the Company's reports filed with the Securities and
Exchange Commission. The Company does not undertake any obligation
to update forward-looking statements as a result of new
information, future events, or developments or otherwise.
Contact: Siyi Ye,
yesy3238@lsmxjy.com
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SOURCE Lixiang Education Holding Co., Ltd.
