The extension follows an initial compliance period that expired on July 13, 2026. Under Nasdaq Listing Rule 5550(a)(2), companies are required to maintain a minimum closing bid price of US$1.00. While Canaan remains non-compliant with this specific pricing mandate, the company currently satisfies all other requirements for continued listing on the Nasdaq Capital Market, including those regarding the market value of publicly held shares.

Trading of Canaan’s American Depositary Shares, which trade under the symbol CAN, will remain uninterrupted throughout this second compliance period. To regain full standing, the company must ensure its closing bid price stays at or above the US$1.00 mark for at least ten consecutive business days before the January deadline. Following the company’s voluntary transfer from the Nasdaq Global Market to the Capital Market on July 1, 2026, management has stated it will continue to monitor share performance and evaluate options to address the current valuation gap.