NANJING, China,
July 18,
2022 /PRNewswire/ -- Tuniu Corporation
(Nasdaq: TOUR) ("Tuniu" or the "Company"), a leading online
leisure travel company 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 July 15, 2022, informing the Company that it has
regained compliance with the Nasdaq Listing Rule
5450(a)(1) (the "Minimum Bid Price Requirement").
As previously announced, Tuniu received a notification letter
(the "Deficiency Notice") from the Nasdaq dated April 13, 2022 indicating that the closing bid
price for the Company's American depositary shares (the "ADSs") was
below the minimum bid price of $1.00
required for continued listing under the Nasdaq Listing Rule
5450(a)(1) for 30 consecutive business days. According to the
Deficiency Notice, if at any time during the 180 day compliance
period, the closing bid price of the Company's ADSs is at least
$1.00 for a minimum of ten
consecutive business days, the Nasdaq will provide the Company
written confirmation of compliance and the matter will be closed.
According to the Compliance Notice, the closing bid price of the
Company's ADSs has been at $1.00 per
ADS or greater for 10 consecutive business days from June 30 through July 14, 2022, and the Company
has regained compliance with the Minimum Bid Price Requirement and
the matter is closed.
About Tuniu
Tuniu (Nasdaq:TOUR) is a leading online leisure travel company
in China that offers a large
selection of packaged tours, including organized and self-guided
tours, as well as travel-related services for leisure travelers
through its website tuniu.com and mobile platform. Tuniu covers
over 420 departing cities throughout China and all popular destinations worldwide.
Tuniu provides one-stop leisure travel solutions and a compelling
customer experience through its online platform and offline service
network, including a dedicated team of professional customer
service representatives, 24/7 call centers, extensive networks of
offline retail stores and self-operated local tour operators. For
more information, please visit http://ir.tuniu.com.
Safe Harbor Statement
This press release contains forward-looking statements made
under the "safe harbor" provisions of Section 21E of the Securities
Exchange Act of 1934, as amended, and the U.S. Private Securities
Litigation Reform Act of 1995. These forward-looking statements can
be identified by terminology such as "will," "expects,"
"anticipates," "future," "intends," "plans," "believes,"
"estimates," "confident" and similar statements. Tuniu may also
make written or oral forward-looking statements in its reports
filed with or furnished to the U.S. Securities and Exchange
Commission, 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. Any statements
that are not historical facts, including statements about Tuniu's
beliefs and expectations, are forward-looking statements that
involve factors, risks and uncertainties that could cause actual
results to differ materially from those in the forward-looking
statements. Such factors and risks include, but are not limited to
the following: Tuniu's goals and strategies; the growth of the
online leisure travel market in China; the demand for Tuniu's products and
services; its relationships with customers and travel suppliers;
the Company's ability to offer competitive travel products and
services; Tuniu's future business development, results of
operations and financial condition; competition in the online
travel industry in China; relevant
government policies and regulations relating to the Company's
structure, business and industry; the impact of the COVID-19 on
Tuniu's business operations, the travel industry and the economy of
China and elsewhere generally; and
the general economic and business condition in China and elsewhere. Further information
regarding these and other risks, uncertainties or factors is
included in the Company's filings with the U.S. Securities and
Exchange Commission. All information provided in this press release
is current as of the date of the press release, and Tuniu does not
undertake any obligation to update such information, except as
required under applicable law.
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SOURCE Tuniu Corporation