FLJ Group, also known as XChange TEC.INC, has received a deficiency notice from Nasdaq on November 13, 2024, indicating that the company does not meet the minimum Market Value of Listed Securities (MVLS) requirement of $35 million for continued listing on The Nasdaq Capital Market. The company's MVLS fell below the threshold for 30 consecutive business days from October 2, 2024, to November 12, 2024. FLJ Group also fails to meet alternative requirements under Nasdaq Listing Rules. The company has been granted a 180-day period, ending on May 12, 2025, to regain compliance. During this period, if FLJ Group's MVLS closes at or above $35 million for at least 10 consecutive business days, Nasdaq will confirm compliance and close the matter. If compliance is not regained, FLJ Group risks delisting. The notice does not immediately affect the trading of the company's securities on Nasdaq. FLJ Group intends to take actions to regain compliance, but there is no assurance of meeting the MVLS requirement. The company operates in the insurance agency and insurance technology sectors in the PRC.

FLJ Group, also known as XChange TEC.INC, has received a deficiency notice from Nasdaq on November 13, 2024, indicating that the company does not meet the minimum Market Value of Listed Securities (MVLS) requirement of $35 million for continued listing on The Nasdaq Capital Market. The company's MVLS fell below the threshold for 30 consecutive business days from October 2, 2024, to November 12, 2024. FLJ Group also fails to meet alternative requirements under Nasdaq Listing Rules. The company has been granted a 180-day period, ending on May 12, 2025, to regain compliance. During this period, if FLJ Group's MVLS closes at or above $35 million for at least 10 consecutive business days, Nasdaq will confirm compliance and close the matter. If compliance is not regained, FLJ Group risks delisting. The notice does not immediately affect the trading of the company's securities on Nasdaq. FLJ Group intends to take actions to regain compliance, but there is no assurance of meeting the MVLS requirement. The company operates in the insurance agency and insurance technology sectors in the PRC.