BEIJING, CN / ACCESS Newswire / May 14, 2025 / ATA Creativity Global ("ACG" or the "Company", Nasdaq:AACG), an international educational services company focused on providing quality learning experiences that cultivate and enhance students' creativity, today announced that the Company received a written letter from the Nasdaq Stock Market LLC ("Nasdaq") dated May 9, 2025 (the "Nasdaq Letter"), notifying the Company that it no longer meets the minimum bid price requirement set forth in Nasdaq Listing Rules for continued listing on the Nasdaq as the closing bid price for the Company's American depositary shares ("ADSs") listed on the Nasdaq was below US$1.00 for 30 consecutive business days. Nasdaq Listing Rule 5450(a)(1) requires listed securities to maintain a minimum bid price of US$1.00 per share, and Nasdaq Listing Rule 5810(c)(3)
provides that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days.
