Flj group limited receives nasdaq determination letter on compliance plan

Shanghai , may 1, 2024 /prnewswire/ -- flj group limited (nasdaq:flj) (the "company"), today announced that it has received a letter dated april 25, 2024 (the "determination letter") from the listing qualifications department staff (the "staff") of the nasdaq stock market ("nasdaq"), notifying that nasdaq determined to deny the company's request for continued listing on the nasdaq global market, and further determined that the company did not provide a definitive plan evidencing its ability to achieve near term compliance with the continued listing requirements or sustain such compliance over an extended period of time. as previously announced by the company via a press release on february 21, 2024, the company received a letter on february 20, 2024 from nasdaq, notifying that the company no longer complies with the requirement of $50 million in total assets and total revenue for the most recently completed fiscal year or two of the last three most recently completed fiscal years, as set forth in nasdaq listing rule 5450(b)(3)(a) (the "a&r standard") and does not comply with an alternative requirement of nasdaq listing rule 5450(b).
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