Hywin Holdings has received a notification from Nasdaq on June 4, 2024, indicating non-compliance with the minimum Market Value of Publicly Held Shares (MVPHS) requirement of $15 million. The company has been granted a 180-day compliance period until December 2, 2024, to regain compliance. The notice does not immediately affect the listing or trading of the company's American depositary shares.The company can regain compliance if its MVPHS maintains at least $15 million for a minimum of 10 consecutive trading days during the compliance period. If compliance is not achieved by the deadline, the company may face delisting, though it can appeal the decision or consider transferring to the Nasdaq Capital Market.Hywin Holdings, a leading independent wealth and health management service provider in China, affirms that the notice does not affect its business operations, SEC reporting requirements, or contractual obligations. The company is actively evaluating various options to regain compliance and maintain its listing status.

Hywin Holdings has received a notification from Nasdaq on June 4, 2024, indicating non-compliance with the minimum Market Value of Publicly Held Shares (MVPHS) requirement of $15 million. The company has been granted a 180-day compliance period until December 2, 2024, to regain compliance. The notice does not immediately affect the listing or trading of the company's American depositary shares.The company can regain compliance if its MVPHS maintains at least $15 million for a minimum of 10 consecutive trading days during the compliance period. If compliance is not achieved by the deadline, the company may face delisting, though it can appeal the decision or consider transferring to the Nasdaq Capital Market.Hywin Holdings, a leading independent wealth and health management service provider in China, affirms that the notice does not affect its business operations, SEC reporting requirements, or contractual obligations. The company is actively evaluating various options to regain compliance and maintain its listing status.