The9 Limited Regains Compliance with Nasdaq Listing Requirement
The9 Limited (Nasdaq: NCTY), a Chinese Internet company, announced on August 6, 2020, that it has received a notification from Nasdaq confirming its compliance with the minimum market value of listed securities requirement under Rule 5550(b)(2). This notification, received on August 5, 2020, indicates that The9 has successfully addressed previous compliance issues, and the matter is now considered closed.
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SHANGHAI, Aug. 6, 2020 /PRNewswire/ -- The9 Limited ("The9") (Nasdaq: NCTY), an established Internet company, today announced that it received a notification letter from the Nasdaq Stock Market LLC ("Nasdaq") on August 5, 2020 stating that The9 has regained compliance with the minimum market value of listed securities requirement under Nasdaq Listing Rule 5550(b)(2) and the matter is now closed.
About The9 Limited
The9 Limited (The9) is an Internet company based in China listed on Nasdaq in 2004. The9 aims to become a diversified high-tech Internet company.
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SOURCE The9 Limited
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