BEIJING, Oct. 28,
2022 /PRNewswire/ -- China Liberal Education
Holdings Limited (Nasdaq: CLEU) ("China Liberal," the "Company," or
"we"), a China-based company that
provides smart campus solutions and other educational services,
today announced that the Company received a written notification
(the "Notification Letter") from the Listing Qualifications
Department of the Nasdaq Stock Market LLC ("Nasdaq")
on October 26, 2022, informing the Company that it has
regained compliance with the Nasdaq's minimum bid price requirement
and the matter is closed.
On July 15, 2022, the Company was
notified by Nasdaq its failure to maintain a minimum bid price of
$1.00 per share for 30 consecutive
business days under Nasdaq Listing Rules 5550(a)(2) and
5810(c)(3)(A), and was provided 180 calendar days, or until January
11, 2023 to regain compliance.
The Notification Letter the Company received from Nasdaq on
October 26, 2022 noted that the
Company evidenced a closing bid price of its ordinary shares at or
greater than the $1.00 per share
minimum requirement for the last 14 consecutive business days, from
October 6, 2022 through October 25, 2022. Nasdaq stated that accordingly,
the Company has regained compliance with Nasdaq Listing Rule
5550(a)(2).
About China Liberal Education Holdings Limited
China Liberal, headquartered in Beijing, is an educational service provider in
China. It provides a wide range of
services, including those under sino-foreign jointly managed
academic programs; overseas study consulting services;
technological consulting services for Chinese universities to
improve their campus information and data management system and to
optimize their teaching, operating and management environment,
creating a "smart campus"; and tailored job readiness training to
graduating students. For more information, please visit the
Company's website at ir.chinaliberal.com/.
Forward-Looking Statements
This document contains forward-looking statements. These
forward-looking statements involve known and unknown risks and
uncertainties and are based on the Company's expectations and
projections about future events, which the Company derives from the
information currently available to the Company. Such
forward-looking statements relate to future events or our future
performance, including: our ability to successfully integrate the
newly acquired business; our financial performance and projections;
our growth in revenue and earnings; and our business prospects and
opportunities. You can identify forward-looking statements by those
that are not historical in nature, particularly those that use
terminology such as "may," "should," "expects," "anticipates,"
"contemplates," "estimates," "believes," "plans," "projected,"
"predicts," "potential," or "hopes" or the negative of these or
similar terms. In evaluating these forward-looking statements, you
should consider various factors, including: our ability to change
the direction of the Company; our ability to keep pace with new
technology and changing market needs; and the competitive
environment of our business. These and other factors may cause our
actual results to differ materially from any forward-looking
statement. Forward-looking statements are only predictions. The
forward-looking events discussed in this press release and other
statements made from time to time by us or our representatives, may
not occur, and actual events and results may differ materially and
are subject to risks, uncertainties and assumptions about us. The
Company undertakes no obligation to update forward-looking
statements to reflect subsequent occurring events or circumstances,
or changes in its expectations, except as may be required by law.
Although the Company believes that the expectations expressed in
these forward-looking statements are reasonable, it cannot assure
you that such expectations will turn out to be correct, and the
Company cautions investors that actual results may differ
materially from the anticipated results and encourages investors to
review risk factors that may affect its future results in the
Company's registration statement and in its other filings with the
U.S. Securities and Exchange Commission.
Investor Relations Contact
China Liberal Education Holdings Limited
Email: ir@chinaliberal.com
Ascent Investor Relations LLC
Ms. Tina Xiao
Email: tina.xiao@ascent-ir.com
Tel: +1 917 609 0333
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SOURCE China Liberal Education Holdings Limited