Huize Regains Compliance with Nasdaq Minimum Bid Price Requirement
December 14 2022 - 4:00AM
Huize Holding Limited, (“Huize”, the “Company” or “we”) (NASDAQ:
HUIZ), a leading independent online insurance product and service
platform in China, today announced that it has received a
notification letter (the “Compliance Notice”) from the Listing
Qualifications Department of the Nasdaq Stock Market Inc.
(“Nasdaq”) dated December 13, 2022, informing the Company that it
has regained compliance with Nasdaq Listing Rule 5450(a)(1) (the
“Minimum Bid Price Requirement”).
As previously announced, the Company was notified by Nasdaq on
October 12, 2022, that the Company was not in compliance with the
Minimum Bid Price Requirement, as the closing bid price of the
Company’s American depositary shares (“ADSs”) was below US$1.00 per
share for 30 consecutive business days.
On December 13, 2022, Nasdaq confirmed in the Compliance Notice
that the closing bid price of the Company’s ADSs has been at $1.00
per share or greater for 11 consecutive business days from November
28, 2022, through December 12, 2022. According to the Compliance
Notice, the Company has regained compliance with Listing Rule
5450(a)(1), and the matter is closed.
About Huize Holding Limited
Huize Holding Limited is a leading digital insurance product and
service platform for new generation consumers in China. Targeting
the younger generation, Huize is dedicated to serving its insurance
clients for their life-long insurance needs. Leveraging its online
platform, Huize offers a wide variety of insurance products with a
focus on long-term life and health insurance products and empowers
its insurer partners to reach a large fragmented client base in the
insurance retail market efficiently and enhance their insurance
sales. Huize provides insurance clients with digitalized insurance
experience and services, including suitable product
recommendations, consulting service, intelligent underwriting, and
assistance in claim application and settlement, which significantly
improve transaction experience.
For more information, please visit http://ir.huize.com.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the “safe harbor” provisions of the U.S.
Private Securities Litigation Reform Act of 1995. Statements that
are not historical facts, including statements about Huize’s
beliefs and expectations, are forward-looking statements. These
forward-looking statements can be identified by terminology such as
“will,” “expects,” “anticipates,” “future,” “intends,” “plans,”
“believes,” “estimates,” “confident” and similar statements. Among
other things, business outlook and quotations from management in
this announcement, contain forward-looking statements. Huize may
also make written or oral forward-looking statements in its
periodic reports to the U.S. Securities and Exchange Commission
(the “SEC”), in its annual report to shareholders, in press
releases and other written materials and in oral statements made by
its officers, directors or employees to third parties.
Forward-looking statements involve inherent risks and
uncertainties. A number of factors could cause actual results to
differ materially from those contained in any forward-looking
statement, including but not limited to the following: Huize’s goal
and strategies; Huize’s expansion plans; Huize’s future business
development, financial condition and results of operations; Huize’s
expectation regarding the demand for, and market acceptance of, its
online insurance products; Huize’s expectations regarding its
relationship with insurer partners and insurance clients and other
parties it collaborates with; general economic and business
conditions; and assumptions underlying or related to any of the
foregoing.
Further information regarding these and other risks is included
in Huize’s filings with the SEC. All information provided in this
press release is as of the date of this press release, and Huize
does not undertake any obligation to update any forward-looking
statement, except as required under applicable law.
For investor and media inquiries, please
contact:
Investor Relationsinvestor@huize.com
Media Relationsmediacenter@huize.com
Christensen AdvisoryIn ChinaMs. Crystal
LaiPhone: +852 2232 3907Email: crystal.lai@christensencomms.com
In U.S.Ms. Linda BergkampPhone: +1-480-614-3004Email:
linda.bergkamp@christensencomms.com
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