TH International receives noncompliance notification from Nasdaq

TH International received a notice from Nasdaq, stating that the company’s ordinary shares, par value $0.00000939586994067732 per share, fail to comply with the $1.00 minimum bid price requirement for continued listing on Nasdaq in accordance with Nasdaq Listing Rule 5550(a)(2) based upon the closing bid price of the ordinary shares for the 30 consecutive business days prior to the date of the notice.