BEIJING, Aug. 12, 2024 — Jianzhi Education Technology Group Company Limited (the “Company” or “Jianzhi”) (NASDAQ: JZ), a leading provider of digital educational content in China, announced today that it received a notification from Nasdaq Stock Market LLC (“Nasdaq”) on August 7, 2024, stating that for the past 30 consecutive business days, the closing bid price of the Company’s American depositary shares (the “ADSs”) was below the minimum bid price of US$1.00 per share required by Nasdaq Listing Rules. This notification does not currently affect the listing or trading of the Company’s securities on the Nasdaq Global Select Market.
According to the Nasdaq Listing Rules, the Company has a compliance period of 180 calendar days, until February 3, 2025, to regain compliance. If the closing bid price of the Company’s ADSs reaches US$1.00 per share or higher for at least ten consecutive business days during this period, Nasdaq will notify the Company in writing of its compliance, and the matter will be closed.
If the Company fails to regain compliance by February 3, 2025, it may be eligible for an additional 180-day compliance period, subject to Nasdaq staff’s determination.
The Nasdaq notification letter will not impact the Company’s business operations, and the Company will take all necessary steps to regain compliance.
About Jianzhi Education Technology Group Company Limited
Founded in 2011 and headquartered in Beijing, Jianzhi is a leading provider of digital educational content in China. It has been dedicated to developing educational content to meet the massive demand for high-quality, professional development training resources in China. Jianzhi initially focused on providing educational content products and IT services to higher education institutions. It also offers products to individual customers. By leveraging its strong capabilities in developing proprietary professional development training content and successfully consolidating educational content resources within the industry, Jianzhi has built a comprehensive, multi-dimensional digital educational content database that offers a wide range of professional development products. Jianzhi integrates its proprietary digital education content into its self-developed online learning platforms, which are provided to a broad customer base through its omni-channel sales system. Jianzhi is also fully committed to the digitalization and informatization of the education sector in China. For more information, please visit:
Safe Harbor Statement
This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
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Janice Wang
Wealth Financial Services LLC
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