Gaotu regains compliance with nyse continued listing criterion

Beijing , jan. 6, 2023 /prnewswire/ -- gaotu techedu inc. ("gaotu" or the "company") (nyse: gotu), a technology-driven education company and online large-class tutoring service provider in china, today announced that the company has received a letter from the new york stock exchange (the "nyse") dated january 3, 2023, notifying that the company has regained compliance with the nyse's continued listing criterion that requires a minimum average stock price of $1.00 per share over a consecutive 30 trading-day period as set forth in section 802.01c of the nyse listed company manual (the "nyse continued listing criterion"). as previously announced, the company received a letter from the nyse dated november 16, 2022, notifying the company that its american depositary shares (the "adss") had fallen below the nyse's continued listing criterion of a minimum share price of $1.00 per ads over a 30 trading-day period.
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