NANJING, China, June 5, 2024
/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 June 5, 2024, 11
consecutive business days from May 20
through June 4, 2024, 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 January 9,
2024 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 May 20
through June 3, 2024, 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 integrated
travel service with 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 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;
Tuniu'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; government policies and
regulations relating to Tuniu's structure, business and industry;
the impact of health epidemics 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