Quhuo receives non compliance notification for minimum bid price requirement

• Quhuo (NASDAQ:QH) received a notification letter from the Listing Qualifications Department of The Nasdaq that it is not in compliance with the minimum bid price requirement.
• The company's ADS has been below $1/ADS for 30 consecutive trading days.
• The notification letter has no immediate impact on the company's listing on the Nasdaq.
• It has a compliance period of 180 days or until Aug.29, 2022 to regain compliance with Nasdaq's minimum bid price requirement.
• The company is considering its options, including an adjustment of its ADS-to-Class A ordinary share ratio to regain compliance.