China liberal education holdings limited receives nasdaq notification regarding minimum bid price deficiency

Beijing , feb. 17, 2023 /prnewswire/ -- china liberal education holdings limited (nasdaq: cleu) ("china liberal," the "company," or "we"), a china-based company that provides smart campus solutions and other educational services, today announced that the company received a written notification (the "notification letter") from the nasdaq stock market llc ("nasdaq") on february 15, 2023, notifying the company that it is not in compliance with the minimum bid price requirement set forth in the nasdaq listing rules for continued listing on the nasdaq. nasdaq listing rule 5550(a)(2) requires listed securities to maintain a minimum bid price of us$1.00 per share, and nasdaq listing rule 5810(c)(3)(a) provides that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days.
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