YS Biopharma Co., Ltd. announced that it has received written notification from the staff of the Listing Qualifications Department of the Nasdaq Stock Market LLC dated October 24, 2023, indicating that because the closing bid price of the Company’s ordinary shares for the last 31 consecutive business days was below US$1.00 per share, the Company no longer meets the Nasdaq minimum bid price requirement set forth in Nasdaq Listing Rule 5550.
October 26, 2023
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