Greenland Technologies receives Nasdaq notification letter

Greenland Technologies (GTEC) Holding Corporation announced that the company received a written notification from the Nasdaq Stock Market on March 12, notifying the company that it is not in compliance with the minimum bid price requirement set forth in the Nasdaq Listing Rules for continued listing on the Nasdaq. The company’s business operations are not affected by the receipt of the notification letter. The company intends to monitor the closing bid price of its Class A ordinary shares and may, if appropriate, consider implementing available options, including, but not limited to, implementing a share consolidation, to regain compliance with the minimum bid price requirement under the Nasdaq listing rules.