NANJING, China, Sept. 23, 2022 /PRNewswire/ -- Tuniu
Corporation (Nasdaq: TOUR) ("Tuniu" or the "Company"), a leading
online leisure travel company in China, today announced that it has received
written notification from the staff of the Listing Qualifications
Department of the Nasdaq Stock Market LLC ("Nasdaq") dated
September 19, 2022, indicating that
for the last 30 consecutive business days, the closing bid price
for the Company's American depositary shares (the "ADSs") was below
the minimum bid price of US$1.00 per
share requirement set forth in Nasdaq Listing Rule 5450(a)(1). The
Nasdaq notification letter has no current effect on the listing or
trading of the Company's securities on the Nasdaq Global
Market.
Pursuant to the Nasdaq Listing Rules 5810(c)(3)(A), the Company
is provided with a compliance period of 180 calendar days, or until
March 20, 2023, to regain compliance under the Listing Rules. If at
any time during the 180-day compliance period, the closing bid
price of the Company's ADSs is US$1.00 per share or
higher for a minimum of ten consecutive business days, the
Nasdaq will provide the Company written confirmation of compliance
and the matter will be closed.
In the event the Company does not regain compliance by
March 20, 2023, subject to the
determination by the staff of Nasdaq, the Company may be eligible
for an additional 180-day compliance period.
The Nasdaq notification letter will have no effect on the
Company's business operations, and the Company will take all
reasonable measures to regain compliance.
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