Sina Technology News reported on the evening of December 19, Beijing time. According to foreign media reports, consumer loan platformsand credit(Nasdaq: HX) announced today that the company received it on December 16, 2019NASDAQA notice from the stock market stated that the closing price of HeCredit American Depositary Shares (ADS) for the past 30 consecutive trading days was below 1 US dollar and failed to meet the minimum standard of 1 US dollar stipulated by the NASDAQ stock listing rules.

However, according to section 5810 (c) (3) (A) of the NASDAQ listing rules, there is a 180-day grace period for credit, that is, before June 15, 2020, if the ADS closing price of Hei Credit can reach or exceed 1 US dollar for 10 consecutive trading days, it is considered that the requirements of the above NASDAQ listing rules have been met again.

If Hecreit does not meet the requirements of the NASDAQ listing rules again by June 15, 2020, the company may be eligible for additional time to regain compliance, or risk being delisted from the exchange.

Credit currently complies with all other NASDAQ continuing listing standards. This NASDAQ notice does not affect HeCredit's business operations or the reporting requirements of the Securities and Exchange Commission. (Li Ming)