Cheche Technology receives Nasdaq notice of non-compliance

Cheche Group announced that it received a notification letter dated November 15, from the Listing Qualifications Department of The Nasdaq Stock Market, indicating that the company is no longer in compliance with the minimum bid price requirement set forth in Rule 5550(a)(2) of the Nasdaq Listing Rules as the company’s closing bid price per Class A ordinary share, par value $0.00001 per share, has been below $1.00 for a period of 30 consecutive business days. The Notification Letter does not result in the immediate delisting of the company’s securities. The Company intends to monitor the closing bid price of its Class A ordinary shares between now and May 14, 2025, and is considering its options to regain compliance with the minimum bid price requirement under the Nasdaq Listing Rules. The company is currently in compliance with all other Nasdaq continued listing standards. The Notification Letter does not affect the company’s business operations, its U.S. SEC reporting requirements or contractual obligations.