Huize Regains Compliance with Nasdaq Minimum Bid Price Requirement
December 31 2024 - 3:00AM
Huize Holding Limited, (“Huize” or the “Company”) (NASDAQ: HUIZ), a
leading insurance technology platform connecting consumers,
insurance carriers and distribution partners digitally through
data-driven and AI-powered solutions in Asia, today announced that
it has received a notification letter (the “Compliance Notice”)
from the Listing Qualifications Department of the Nasdaq Stock
Market Inc. (“Nasdaq”) dated December 30, 2024, informing the
Company that it has regained compliance with Nasdaq Listing Rule
5450(a)(1) (the “Minimum Bid Price Requirement”).
As previously disclosed, the Company was
notified by Nasdaq on September 10, 2024 that the Company was
not in compliance with the Minimum Bid Price Requirement, as the
closing bid price of the Company’s American depositary shares
(“ADSs”) was below US$1.00 per share for 30 consecutive business
days.
On December 30, 2024, Nasdaq confirmed in the
Compliance Notice that the closing bid price of the Company’s ADSs
has been at US$1.00 per share or greater for 10 consecutive
business days, from December 9, 2024, to December 27, 2024.
Accordingly, the Company has regained compliance with Nasdaq
Listing Rule 5450(a)(1), and the matter is closed.
About Huize Holding
Limited
Huize Holding Limited is a leading
insurance technology platform connecting consumers, insurance
carriers and distribution partners digitally through data-driven
and AI-powered solutions in Asia. Targeting mass affluent
consumers, Huize is dedicated to serving consumers for
their life-long insurance needs. Its online-to-offline integrated
insurance ecosystem covers the entire insurance life cycle and
offers consumers a wide spectrum of insurance products, one-stop
services, and a streamlined transaction experience across all
scenarios. By leveraging AI, data analytics, and digital
capabilities, Huize empowers the insurance service chain
with proprietary technology-enabled solutions for insurance
consultation, user engagement, marketing, risk management, and
claims service.
For more information, please
visit http://ir.huize.com or follow us on social media via
LinkedIn (https://www.linkedin.com/company/huize-holding-limited),
Twitter (https://twitter.com/huizeholding) and Webull
(https://www.webull.com/quote/nasdaq-huiz).
Safe Harbor Statement
This announcement contains forward-looking
statements. These statements are made under the “safe harbor”
provisions of the U.S. Private Securities Litigation Reform Act of
1995. Statements that are not historical facts, including
statements about Huize’s beliefs and expectations, are
forward-looking statements. These forward-looking statements can be
identified by terminology such as “will,” “expects,” “anticipates,”
“future,” “intends,” “plans,” “believes,” “estimates,” “confident”
and similar statements. Among other things, business outlook and
quotations from management in this announcement, contain
forward-looking statements. Huize may also make written or oral
forward-looking statements in its periodic reports to the U.S.
Securities and Exchange Commission (the “SEC”), in its annual
report to shareholders, in press releases and other written
materials and in oral statements made by its officers, directors or
employees to third parties. Forward-looking statements involve
inherent risks and uncertainties. A number of factors could cause
actual results to differ materially from those contained in any
forward-looking statement, including but not limited to the
following: Huize’s goal and strategies; Huize’s expansion plans;
Huize’s future business development, financial condition and
results of operations; Huize’s expectation regarding the demand
for, and market acceptance of, its online insurance products;
Huize’s expectations regarding its relationship with insurer
partners and insurance clients and other parties it collaborates
with; general economic and business conditions; and assumptions
underlying or related to any of the foregoing.
For investor and media inquiries, please
contact:
Investor RelationsKenny
LoInvestor Relations Managerinvestor@huize.com
Media
Relationsmediacenter@huize.com
Christensen In ChinaMs. Dee
WangPhone: +86-10-5900-1548Email: dee.wang@christensencomms.com
In U.S.Ms. Linda BergkampPhone:
+1-480-614-3004Email: linda.bergkamp@christensencomms.com
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