111, Inc. discloses Nasdaq listing deficiency notice

111, Inc. announced it has received a notification letter dated September 26, 2024 from the staff of the Listing Qualifications Department of The Nasdaq Stock Market LLC, indicating that for the last 30 consecutive business days, the closing bid price of the Company’s American depositary shares was below the minimum bid price of US$1.00 per share requirement set forth in Nasdaq Listing Rule 5450(a)(1). The Notice has no current effect on the listing or trading of the company’s ADSs on Nasdaq. The company’s business operations are not affected by the Nasdaq notification letter. The company intends to monitor the closing bid price of its ADSs between now and March 24, 2025 and will take all reasonable measures in order to regain compliance with the Nasdaq minimum bid price requirement.