China Liberal Education Holdings Limited Has Regained Compliance With Nasdaq's Minimum Bid Price Deficiency
China Liberal Education Holdings Limited Has Regained Compliance With Nasdaq's Minimum Bid Price Deficiency
BEIJING, Jan. 13, 2025 /PRNewswire/ -- China Liberal Education Holdings Limited ("China Liberal" or the "Company") (NASDAQ: CLEU), a China-based company that provides technological consulting services for smart campus solutions and other educational services, today announced that the Company received a written notification (the "Compliance Notice") from the Listing Qualifications Department of the Nasdaq Stock Market LLC ("Nasdaq") dated January 10, 2025, informing the Company that it has regained compliance with the Nasdaq Listing Rule 5550(a)(2) ("Minimum Bid Price Requirement") and the matter is closed.
BEIJING, Jan. 13, 2025 /PRNewswire/ -- China Liberal Education Holdings Limited ("China Liberal" or the "Company") (NASDAQ: CLEU), a China-based company that provides technological consulting services for smart campus solutions and other educational services, today announced that the Company received a written notification (the "Compliance Notice") from the Listing Qualifications Department of the Nasdaq Stock Market LLC ("Nasdaq") dated January 10, 2025, informing the Company that it has regained compliance with the Nasdaq Listing Rule 5550(a)(2) ("Minimum Bid Price Requirement") and the matter is closed.
As previously announced, the Company received a notification letter from the Nasdaq dated August 21, 2024, indicating its failure to maintain a minimum bid price of US$1.00 per share for 30 consecutive business days under Minimum Bid Price Requirement. Pursuant to the Nasdaq Listing Rules 5810(c)(3)(A), the Company was provided with 180 calendar days, or until February 17, 2025, to regain compliance.
As previously announced, the Company received a notification letter from the Nasdaq dated August 21, 2024, indicating its failure to maintain a minimum bid price of US$1.00 per share for 30 consecutive business days under Minimum Bid Price Requirement. Pursuant to the Nasdaq Listing Rules 5810(c)(3)(A), the Company was provided with 180 calendar days, or until February 17, 2025, to regain compliance.
To comply with the Minimum Bid Price Requirement, the closing bid price of the Company's ordinary shares must be at least US$1.00 per share for a minimum of 10 consecutive business days at any time prior to February 17, 2025. Therefore, in order to cure the Minimum Bid Price deficiency, the Company has effectuated a share consolidation on December 24, 2024, of which fifteen (15) ordinary shares with par value of $0.015 per share each in the Company's issued and unissued share capital consolidated into one (1) ordinary share with par value of US$0.225.
To comply with the Minimum Bid Price Requirement, the closing bid price of the Company's ordinary shares must be at least US$1.00 per share for a minimum of 10 consecutive business days at any time prior to February 17, 2025. Therefore, in order to cure the Minimum Bid Price deficiency, the Company has effectuated a share consolidation on December 24, 2024, of which fifteen (15) ordinary shares with par value of $0.015 per share each in the Company's issued and unissued share capital consolidated into one (1) ordinary share with par value of US$0.225.
According to the Compliance Notice, the Company evidenced a closing bid price of its ordinary shares at or greater than US$1.00 per share for 10 consecutive business days from December 24, 2024 to January 8, 2025. Thus, the Company has regained compliance with the Minimum Bid Price Requirement, and the matter is closed.
According to the Compliance Notice, the Company evidenced a closing bid price of its ordinary shares at or greater than US$1.00 per share for 10 consecutive business days from December 24, 2024 to January 8, 2025. Thus, the Company has regained compliance with the Minimum Bid Price Requirement, and the matter is closed.
About China Liberal Education Holdings Limited
關於中國自由教育控股有限公司
China Liberal is an educational services provider headquartered in Beijing, China. China Liberal provides a wide range of services, including technological consulting for Chinese universities to improve their campus information and data management systems, designed to enhance the teaching, operating, and management environment of the universities, thus establishing a "smart campus." Additionally, China Liberal offers tailored job readiness training for graduating students. For more information, please visit the Company's website at .
中國自由是一家總部位於中國北京的教育服務提供商。中國自由提供廣泛的服務,包括爲中國高校提供科技諮詢,以改善校園信息和數據管理系統,旨在提升高校的教學、運營和管理環境,從而建立"智能校園"。此外,中國自由還爲畢業生提供量身定製的就業準備培訓。有關更多信息,請訪問公司的官方網站。
Forward-Looking Statements
前瞻性聲明
This document contains forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's expectations and projections about future events, which the Company derives from the information currently available to the Company. Such forward-looking statements relate to future events or our future performance, including: our financial performance and projections; our growth in revenue and earnings; and our business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those using terminology such as "may," "should," "expects," "anticipates," "contemplates," "estimates," "believes," "plans," "projected," "predicts," "potential," or "hopes" or the negative of these or similar terms. When evaluating these forward-looking statements, you should consider various factors, including our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause actual results to differ materially from any forward-looking statement. Forward-looking statements are only predictions. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as required by law. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, it can provide no assurance that these expectations will prove to be accurate, and it cautions investors that actual results may differ materially from the anticipated results. Investors are encouraged to review the risk factors that may affect future results in the Company's most recent annual report on Form 20-F for the year ended December 31, 2023 and in its other filings with the SEC.
本文件包含前瞻性聲明。這些前瞻性聲明涉及已知和未知的風險與不確定性,並基於公司對未來事件的預期和預測,這些預期和預測源於公司目前可獲得的信息。此類前瞻性聲明與未來事件或我們未來的表現相關,包括:我們的財務表現和預測;我們的營業收入和收益的增長;以及我們的業務前景和機會。您可以通過那些不是歷史性質的聲明來識別前瞻性聲明,特別是使用「可能」、「應該」、「期望」、「預期」、「考慮」、「估計」、「相信」、「計劃」、「預計」、「預測」、「潛在」或「希望」等術語,或這些術語的否定形式或類似術語。當評估這些前瞻性聲明時,您應考慮多種因素,包括我們改變公司方向的能力;我們與新科技和變化的市場需求保持同步的能力;以及我們業務的競爭環境。這些以及其他因素可能導致實際結果與任何前瞻性聲明顯著不同。前瞻性聲明僅爲預測。本新聞稿中討論的前瞻性事件以及我們或我們的代表不時作出的其他聲明,可能不會發生,實際事件和結果可能顯著不同,並且受到關於我們的風險、不確定性和假設的影響。除非法律要求,公司不承擔更新前瞻性聲明的義務,以反映後續發生的事件或情況,或其預期的變化。儘管公司相信這些前瞻性聲明所反映的預期是合理的,但無法保證這些預期將被證明是準確的,並提醒投資者實際結果可能與預期結果顯著不同。鼓勵投資者查閱可能影響未來結果的風險因素,這些因素在公司截至2023年12月31日的最新年度報告Form 20-F以及其向SEC提交的其他文件中有相關信息。
Investor Relations Contact
投資者關係聯繫人
China Liberal Education Holdings Limited
Email: [email protected]
中國自由教育控股有限公司
郵箱:[email protected]
Ascent Investor Relations LLC
Tina Xiao
President
Phone: +1 646-932-7242
Email: [email protected]
Ascent投資者關係有限公司
肖婷婷
總裁
電話: +1 646-932-7242
郵箱:[email protected]
SOURCE China Liberal Education Holdings Limited
來源:中國自由教育控股有限公司
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