Tian ruixiang holdings ltd receives nasdaq notification regarding minimum bid price deficiency

Beijing , june 6, 2022 /prnewswire/ -- tian ruixiang holdings ltd (nasdaq: tirx) (the "company"), a china-based insurance broker conducting business through its variable interest entity in china, announced today that the company received a written notification (the "notification") from the nasdaq stock market llc ("nasdaq") on may 31, 2022, notifying the company that it is not in compliance with the minimum bid price requirement set forth in nasdaq listing rules for continued listing on the nasdaq. nasdaq listing rule 5550(a)(2) requires listed securities to maintain a minimum bid price of us$1.00 per share, and 5810(c)(3)(a) provides that it is a failure to meet the minimum bid price requirement if the deficiency continues for a period of 30 consecutive business days.
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