附件 99.1

XChange TEC.INC

收到納斯達克最低市值缺口通知

上海，中國，2024年11月15日（美通社）-- XChange TEC.INC （納斯達克：XHG）（以下稱「公司」），今天宣布收到來自納斯達克證券市場有限責任公司（「納斯達克」）的通知（下稱「通知」），該通知日期為2024年11月13日，指出公司未遵守納斯達克上市規則所規定的最低上市證券市值（「MVLS」）3500萬美元的要求，以繼續在納斯達克資本市場上市。

納斯達克上市規則5550(b)(2)要求公司保持最低的MVLS為3500萬美元（下稱「MVLS要求」），而納斯達克上市規則5810(c)(3)(C)規定，如果MVLS在30個連續交易日內低於此門檻，則會出現缺口。根據公司在2024年10月2日至2024年11月12日的30個連續交易日的MVLS，公司不再滿足該要求。通知進一步指出，公司也不符合納斯達克上市規則5550(b)(1)和5550(b)(3)下的替代要求。

根據納斯達克上市規則5810(c)(3)(C)，公司有180日歷天的遵守期，該期限將於2025年5月12日到期。如果在此期間，公司MVLS在至少10個連續交易日內收盤價格達到或超過3500萬美元，納斯達克將通知公司其合規性，該事項將結束。

如果公司在遵守期結束前無法重新取得對於適用的納斯達克上市規則的遵守，則將收到書面通知，證券將面臨退市。

該通知對公司的證券上市沒有立即影響，公司證券仍在納斯達克交易。公司打算在指定期間內採取適當行動以重新取得合規性。然而，不能保證公司能夠在MVLS要求和其他適用的納斯達克上市規則下重新取得合規性。

關於 交易所 TEC.INC

XChange TEC.INC, through its subsidiaries and consolidated variable interest entities, operates insurance agency and insurance technology business. The insurance agency is PRC-licensed and operates nationwide in the PRC with a wide range of insurance products underwritten by major insurance companies, including industry leading and/or state-owned property and casualty insurance companies as well as certain regional property and casualty insurance companies in the PRC. The insurance technology business is focused on operating and developing insurance technology in the PRC, including developing SaaS platform to connect consumers and underwriting support.

前瞻性聲明

This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements include, among others, statements regarding the Company’s plans to regain compliance with Nasdaq Rules for continued listing. The Company’s actual results may differ materially from those expressed in any forward-looking statements as a result of various factors and uncertainties. The reports filed by the Company with the U.S. Securities and Exchange Commission discuss these and other important factors and risks that may affect the Company’s business, results of operations and financial conditions. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

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Luna Guo

電子郵件: luna@fenglinju.cn