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China Liberal Education Holdings Regains Nasdaq Compliance: Form 6-K Report

$CLEU
Form 6-K
Filed on: 2025-01-13
Source
China Liberal Education Holdings Regains Nasdaq Compliance: Form 6-K Report

Here are the key insights extracted from the provided section of the financial report:

  1. Company Identification:
  • Name: China Liberal Education Holdings Limited
  • Address: 7th Floor, Building 5, No. 2 Zhenxing Road, Changping District, Beijing, People's Republic of China 102299
  • Commission file number: 001-39259
  1. Report Type:
  • This document is filed as a Form 6-K, which is a report of a foreign private issuer pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934.
  1. Regaining Compliance:
  • The company announced that it has regained compliance with Nasdaq's Minimum Bid Price Requirement.
  • On August 21, 2024, the company received a notification from Nasdaq that its ordinary shares were below the required minimum bid price of US$1.00 for 30 consecutive business days.
  • The company was given until February 17, 2025, to regain compliance.
  1. Compliance Details:
  • The compliance was achieved as the closing bid price of the company's ordinary shares was at least US$1.00 for 10 consecutive business days from December 24, 2024, to January 8, 2025.
  • Nasdaq confirmed the company's compliance on January 10, 2025.
  1. Press Release:
  • On January 13, 2025, the company issued a press release announcing its regained compliance with the Minimum Bid Price Requirement. This press release is included as Exhibit 99.1 in the report.
  1. Signature and Authority:
  • The document is signed by Ngai Ngai Lam, who is the Chief Executive Officer and Chairperson of the Board of Directors, affirming the authenticity of the report.

This information indicates a positive development for China Liberal Education Holdings Limited, as regaining compliance with Nasdaq could stabilize its stock price and improve investor confidence.