Atif holdings limited receives nasdaq notice of deficiency regarding minimum bid price requirement and notice of delinquency relating to the delayed filing of its annual report on form 20-f

Shenzhen, china, dec. 18, 2020 (globe newswire) -- atif holdings limited (nasdaq: atif, the “company”), a company providing business consulting services and multimedia services in asia and north america, today announced that on december 16, 2020, it received a written notice (the “notice”) from the listing qualifications department of the nasdaq stock market (“nasdaq”) indicating that the company is not in compliance with the minimum bid price requirement of us$1.00 per share under the nasdaq listing rules (the “listing rules”). based on the closing bid price of the company's listed securities for the last 30 consecutive business days from november 3, 2020 to december 15, 2020, the company no longer meets the minimum bid price requirement set forth in listing rule 5550(a)(2). the notice is only a notification of deficiency, not of imminent delisting, and has no current effect on the listing or trading of the company's securities on the nasdaq capital market.
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