Quhuo receives Nasdaq delisting determination

Quhuo (QH) received a Staff Delisting Determination Letter from the Listing Qualifications Department of Nasdaq, notifying the company that, because the closing bid price of its ADSs had remained at 10c or below for 10 consecutive trading days through March 25, Nasdaq had determined to delist the company’s ADSs from Nasdaq. Trading in the company’s ADSs will be suspended at the opening of business on April 6 unless the company timely requests a hearing pursuant to Nasdaq Listing Rule 5815. The company currently intends to appeal the delisting determination to the Nasdaq Hearings Panel. The hearing request must be received by the Nasdaq Hearings Department no later than 4:00 p.m. Eastern Time on April 6, 2026. A timely hearing will not stay the trading suspension of the ADSs. There can be no assurance that the company’s hearing will be successful.