Hywin Holdings announced on June 6, 2024, that it received a notification from Nasdaq on June 4, indicating non-compliance with the minimum Market Value of Publicly Held Shares (MVPHS) requirement. The company's MVPHS has been below $15,000,000 for 30 consecutive trading days, violating Nasdaq Listing Rule 5450(b)(3)(C).The notification does not immediately affect the listing or trading of Hywin's American depositary shares on Nasdaq. The company has a compliance period until December 2, 2024, to regain compliance by maintaining an MVPHS of at least $15,000,000 for a minimum of 10 consecutive trading days. If compliance is not achieved, Hywin may face delisting, subject to appeal, or consider transferring to the Nasdaq Capital Market.Hywin intends to monitor its market value and evaluate options to regain compliance within the prescribed period. The company assures that this notice does not affect its business operations, SEC reporting requirements, or contractual obligations. Hywin remains committed to taking reasonable measures to maintain its Nasdaq listing.

Hywin Holdings announced on June 6, 2024, that it received a notification from Nasdaq on June 4, indicating non-compliance with the minimum Market Value of Publicly Held Shares (MVPHS) requirement. The company's MVPHS has been below $15,000,000 for 30 consecutive trading days, violating Nasdaq Listing Rule 5450(b)(3)(C).The notification does not immediately affect the listing or trading of Hywin's American depositary shares on Nasdaq. The company has a compliance period until December 2, 2024, to regain compliance by maintaining an MVPHS of at least $15,000,000 for a minimum of 10 consecutive trading days. If compliance is not achieved, Hywin may face delisting, subject to appeal, or consider transferring to the Nasdaq Capital Market.Hywin intends to monitor its market value and evaluate options to regain compliance within the prescribed period. The company assures that this notice does not affect its business operations, SEC reporting requirements, or contractual obligations. Hywin remains committed to taking reasonable measures to maintain its Nasdaq listing.