Core Viewpoint - China Liberal Education Holdings Limited has regained compliance with Nasdaq's minimum bid price requirement, closing the matter after receiving a notification from Nasdaq on February 2, 2024 [1][3]. Group 1: Compliance with Nasdaq - On September 26, 2023, the company was notified by Nasdaq of its failure to maintain a minimum bid price of $1.00 per share for 30 consecutive business days, with a compliance deadline set for March 25, 2024 [2]. - The company executed a share consolidation on January 19, 2024, converting fifteen ordinary shares with a par value of $0.001 each into one ordinary share with a par value of $0.015 [2]. - The Notification Letter confirmed that the company had a closing bid price at or above the $1.00 minimum requirement for the last 10 consecutive business days, from January 19, 2024, to February 1, 2024 [3]. Group 2: Company Overview - China Liberal is an educational services provider based in Beijing, operating two colleges: Fuzhou Melbourne Polytechnic and Strait College of Mingjiang University [4]. - The company offers a range of services, including overseas study consulting and technological consulting for Chinese universities, aimed at enhancing campus information and data management systems [4]. - Additionally, China Liberal provides tailored job readiness training for graduating students, contributing to the establishment of a "smart campus" environment [4].
China Liberal Education Holdings Limited Regains Compliance with Nasdaq Minimum Bid Price Requirement