Lixiang education announces receipt of nasdaq staff determination letter and intent to request hearing

Lishui, china , nov. 7, 2023 /prnewswire/ -- lixiang education holding co., ltd. (the "company" or nasdaq: lxeh), a prestigious private education service provider in china, today announced that it received a letter dated november 2, 2023 from the staff of the listing qualifications department of the nasdaq stock market ("nasdaq") notifying the company that since its listed securities did not have a closing bid price of at least us$1.00 for a minimum of 10 consecutive business days during the 180 calendar days ended october 30, 2023, the company has not regained compliance with nasdaq listing rule 5450(a)(1) (the "rule"), which requires listed securities to maintain a minimum bid price of us$1.00 per share.
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