Douyu announces receipt of minimum bid price notice from nasdaq

Wuhan, china , oct. 25, 2023 /prnewswire/ -- douyu international holdings limited ("douyu" or the "company") (nasdaq: doyu), a leading game-centric live streaming platform in china and a pioneer in the esports value chain, today announced that it has received a written notification from the staff of the listing qualifications department of the nasdaq stock market llc ("nasdaq") dated october 24, 2023, indicating that for the last 30 consecutive business days, the closing bid price of the company's american depositary shares (the "adss") was below the minimum bid price of us$1.00 per share requirement set forth in nasdaq listing rule 5450(a)(1). the nasdaq notification letter has no current effect on the listing or trading of the company's adss on nasdaq.
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