China online education group announces receipt of nyse non-compliance letter

Shenzhen, china, dec. 21, 2021 /prnewswire/ -- china online education group ("51talk," or the "company") (nyse: coe) today announced that it has received a letter dated december 20, 2021 (the "letter") from the new york stock exchange (the "nyse"), notifying the company that it is below compliance standards due to the company's total market capitalization and stockholders' equity. pursuant to applicable nyse continued listing standards, a company would be considered "below criteria" by the nyse if its total market capitalization is less than us$50 million over a 30 trading-day period and its stockholders' equity is less than us$50 million.
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