Jayud Global Logistics receives noncompliance letter from Nasdaq

Jayud Global Logistics (JYD) announced that it received a notification letter from Nasdaq on May 15 notifying that the company is not currently in compliance with the minimum bid price requirement set forth in Nasdaq’s Listing Rules for continued listing on the Nasdaq Capital Market, as the closing bid price for the company’s ordinary shares listed on the Nasdaq Capital Market was below $1.00 per share for 30 consecutive business days. Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain a minimum bid price of $1.00 per share, and Nasdaq Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days. The notice provides that the company has a period of 180 calendar days from the date of the Notice, or until November 11 to regain compliance with the minimum bid price requirement.