Tuniu Corporation announced on May 23, 2025, that it received a written notification from the Nasdaq Stock Market LLC dated May 19, 2025. The notification indicated that for the preceding 30 consecutive business days, the closing bid price for the company's American depositary shares (ADSs) was below the minimum bid price of US$1.00 per share. This falls short of the requirement set forth in Nasdaq Listing Rule 5450(a)(1).
The Nasdaq notification letter does not immediately affect the listing or trading of Tuniu's securities on the Nasdaq Global Market. The company has been granted a compliance period of 180 calendar days, extending until November 17, 2025, to regain compliance with the listing rules.
To resolve the deficiency, the closing bid price of Tuniu's ADSs must be US$1.00 per share or higher for a minimum of ten consecutive business days during this compliance period. Tuniu stated that it will take all reasonable measures to regain compliance, and the notification will not affect its business operations.
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