AIU Announces Receipt of NYSE Non-compliance Letter Regarding ADS Trading Price

Company Overview - Meta Data Limited, founded in 2008 and headquartered in Hong Kong, provides non-subject based tutoring to students in China [5] - The company is adapting to the "Double Reduction Policy," which restricts subject-based off-campus tutoring for compulsory education students, by shifting focus to online education and tutoring services for students outside of China [5] Compliance Notification - Meta Data has received a notification from the New York Stock Exchange (NYSE) indicating that it is below compliance standards due to the trading price of its American depositary shares (ADSs) [1] - According to NYSE rule 802.01C, a company is considered non-compliant if the average closing price of its security is below $1.00 over a consecutive 30 trading-day period [2] - The company has a six-month period to bring its share price back above$1.00, with the possibility of regaining compliance at any time during this period [2] Current Listing Status - The notice from NYSE does not have an immediate impact on the listing of Meta Data's ADSs, which will continue to be traded on the NYSE during the cure period, provided the company meets other listing requirements [3]