JIADE LIMITED (Nasdaq: JDZG), a provider of comprehensive educational support services to adult education institutions, received a notification letter from Nasdaq on December 17, 2024. The letter informed the company of its non-compliance with the minimum bid price requirement for continued Nasdaq listing.

Nasdaq Listing Rule 5550(a)(2) mandates a minimum bid price of US$1.00 per share. Rule 5810(c)(3)(A) states that non-compliance exists if this deficiency persists for 30 consecutive business days. JIADE LIMITED’s closing bid price fell below this threshold over the 30 business days from November 4, 2024 to December 16, 2024.

This notification does not immediately affect the company’s Nasdaq listing. JIADE LIMITED has until June 16, 2025, to regain compliance (Nasdaq Listing Rule 5810(c)(3)(A)). Compliance requires a closing bid price of at least US$1.00 for 10 consecutive business days. Failure to regain compliance by June 16, 2025, may result in further extension periods or delisting.

The notification does not affect the company’s operations. JIADE LIMITED will monitor its share price and may consider options, such as a reverse share split, to meet the minimum bid price requirement.

About JIADE LIMITED

JIADE LIMITED offers comprehensive, one-stop educational support services to adult education institutions. These services, delivered primarily through the Kebiao Technology Educational Administration Platform (KB Platform), encompass a range of software and auxiliary solutions. The KB Platform streamlines information and data management across the entire educational cycle, from enrollment to graduation, including features such as enrollment consultation, student information management, learning progress tracking, and grade inquiry. The company also provides supplementary teaching and examination support.

Forward-Looking Statements

This announcement contains forward-looking statements, subject to known and unknown risks and uncertainties. These statements are based on the company’s current expectations and projections. Forward-looking statements often include words like “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may,” and similar expressions. The company assumes no obligation to update these statements, except as legally required. While the company believes these statements are reasonable, actual results may differ materially. Investors should review the company’s SEC filings for further information.

For more information, please contact:

JIADE LIMITED
Investor Relations Department
Email: 

CONTACT: AN LI

kebiao at sckbkj.com

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