Jiuzi holdings received nasdaq notification letters

Hangzhou, china, may 22, 2024 (globe newswire) -- jiuzi holdings inc. (nasdaq: jzxn; the "company" or “jzxn”), an emerging new energy vehicle (nev) dealership group operating under the brand name "jiuzi" in china, announced today that on may 16, 2024, the company received a notification letter from the nasdaq listing qualifications staff of the nasdaq stock market llc (“nasdaq”) notifying the company that the minimum bid price per share for its class a ordinary shares has been below $1.00 for a period of 30 consecutive business days and the company therefore no longer meets the minimum bid price requirements set forth in nasdaq listing rule 5550(a)(2).
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