The company received notification on July 13 after its closing bid price failed to meet the minimum $1 requirement between May 28 and July 10, 2026. This administrative alert does not immediately impact the trading status of the firm’s Class A ordinary shares, allowing operations to continue as normal.

Management has until January 11, 2027, to regain compliance. To resolve the issue, the stock must maintain a closing price of at least $1 for 10 consecutive business days before the deadline. If the company fails to meet this target, it may seek an additional 180-day extension, provided it satisfies other initial listing standards and demonstrates a viable plan—such as a potential reverse stock split—to correct the deficiency.