Tuniu Corporation, a leading online leisure travel company in China, has announced that it has regained compliance with the Nasdaq Listing Rule 5450(a)(1) after receiving a Compliance Notice from the Nasdaq Stock Market Inc. The notification letter stated that Tuniu’s closing bid price for its American depositary shares (ADSs) had been at $1.00 per ADS or greater for 10 consecutive business days from May 20 through June 3, 2024, thus meeting the Minimum Bid Price Requirement.
Tuniu, listed on Nasdaq under the ticker symbol TOUR, offers a wide range of integrated travel services, including organized and self-guided tours, through its website and mobile platform. The company aims to provide a seamless customer experience with the help of a dedicated team of professional customer service representatives, 24/7 call centers, offline retail stores, and self-operated local tour operators.
In a press release, Tuniu stated that it operates under the safe harbor provisions of the Securities Exchange Act of 1934 and the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements made by Tuniu include expectations, plans, beliefs, and estimates regarding the company’s future business development, results of operations, and financial condition. The company acknowledges potential risks and uncertainties, such as competition in the online travel industry in China, government policies and regulations, and the impact of health epidemics on its operations.
For more information about Tuniu and its services, please visit the company’s investor relations website at http://ir.tuniu.com. Any updates or changes to the information provided in the press release will be made in accordance with applicable law.
Tuniu’s ability to regain compliance with the Nasdaq Listing Rule reflects its commitment to maintaining transparency and meeting regulatory requirements. The company’s focus on providing quality travel services and customer satisfaction has contributed to its success in the competitive online travel industry in China. With a strong offline service network and a wide range of travel products, Tuniu continues to attract leisure travelers looking for convenient and reliable travel solutions.
For investors interested in the online leisure travel sector in China, Tuniu’s compliance with the Nasdaq Listing Rule is a positive development that underscores the company’s stability and growth potential. By offering competitive travel products and services and adapting to market trends, Tuniu positions itself as a key player in the evolving travel industry landscape.
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