Golden Sun Health Technology Group Limited Regains Compliance with Nasdaq Continued Listing Requirement
May 07 2024 - 7:00AM
Golden Sun Health Technology Group Limited, formerly known as
Golden Sun Education Group Limited (the “Company” or “Golden Sun”)
(Nasdaq: GSUN), a provider of tutorial services in China, today
announced that the Company received a written notification (the
"Notification Letter") from the Nasdaq Stock Market LLC ("Nasdaq")
on May 3, 2024, informing the Company that it has regained
compliance with the Nasdaq's minimum bid price requirement.
According to the Notification Letter, as of May 2, 2024, Golden Sun
has maintained a closing bid price of $1.00 per share for ten
consecutive trading sessions following a 1 for 10 reverse
stock-split on April 19, 2024.
About Golden Sun Health Technology Group
Limited
Established in 1997 and headquartered in
Shanghai, China, Golden Sun Health Technology Group Limited,
formerly known as Golden Sun Education Group Limited, is a provider
of tutorial services in China with over twenty years of experience
providing educational services that focus on the development of
each of its student’s strengths and potential, and the promotion of
life-long skills and interests in learning. Golden Sun has three
tutorial centers, one educational company that partners with high
schools to offer language classes, and one logistics company that
provides logistic and consulting services. The tutorial centers of
Golden Sun focus on different groups of targeted students by
offering different tutorial programs. For more information, visit
the Company’s website at ir.jtyjyjt.com.
Forward-Looking Statements
Certain statements in this announcement are
forward-looking statements. These forward-looking statements
involve known and unknown risks and uncertainties and are based on
the Company’s current expectations and projections about future
events that the Company believes may affect its financial
condition, results of operations, business strategy and financial
needs. Investors can identify these forward-looking statements by
words or phrases such as “approximates,” “assesses,” “believes,”
“hopes,” “expects,” “anticipates,” “estimates,” “projects,”
“intends,” “plans,” “will,” “would,” “should,” “could,” “may” or
similar expressions. The Company undertakes no obligation to update
or revise publicly any forward-looking statements to reflect
subsequent occurring events or circumstances, or changes in its
expectations, except as may be required by law. Although the
Company believes that the expectations expressed in these
forward-looking statements are reasonable, it cannot assure you
that such expectations will turn out to be correct, and the Company
cautions investors that actual results may differ materially from
the anticipated results and encourages investors to review other
factors that may affect its future results in the Company's annual
report and other filings with the U.S. Securities and Exchange
Commission.
For more information, please contact:
Golden Sun Health Technology Group
LimitedInvestor Relations
DepartmentEmail: ir@cngsun.com
Ascent Investor Relations LLCTina
XiaoPresidentPhone: +1
646-932-7242Email: investors@ascent-ir.com
Golden Sun Health Techno... (NASDAQ:GSUN)
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