China, Feb. 3, 2023 /PRNewswire/ -- Qudian
Inc. ("Qudian" or the "Company") (NYSE: QD), a
consumer-oriented technology company in China, today announced
that the Company has regained compliance with the New York Stock
Exchange's ("NYSE") continued listing standard for share prices as
confirmed by a notification letter from the NYSE on February 1, 2023.
On September 22, 2022, the NYSE
notified the Company of its non-compliance with the exchange's
continued listing standards because the average closing price of
its American depositary shares ("ADSs") had fallen below
$1.00 over a period of 30 consecutive
On February 1, 2023, the NYSE
confirmed to Qudian that a calculation of the average closing price
of the Company's ADSs over the 30-trading day period ended
January 31, 2023 indicated that such
price exceeded the NYSE's minimum requirement of $1.00. Accordingly, the Company is no longer
considered below the $1.00 continued
About Qudian Inc.
Qudian Inc. ("Qudian") is a consumer-oriented technology
company in China. The Company
historically focused on providing credit solutions to consumers.
Qudian is exploring innovative consumer products and services to
satisfy Chinese consumers' fundamental and daily needs by
leveraging its technology capabilities.
For more information, please
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the
United States Private Securities Litigation Reform Act of 1995.
These forward-looking statements can be identified by terminology
such as "will," "expects," "anticipates," "future," "intends,"
"plans," "believes," "estimates" and similar statements. Among
other things, the expectation of its collection efficiency and
delinquency, contains forward-looking
statements. Qudian may also make written or oral
forward-looking statements in its periodic reports to the SEC,
in its annual report to shareholders, in press releases and other
written materials and in oral statements made by its officers,
directors or employees to third parties. Statements that are not
historical facts, including statements
about Qudian's beliefs and expectations, are
forward-looking statements. Forward-looking statements involve
inherent risks and uncertainties. A number of factors could cause
actual results to differ materially from those contained in any
forward-looking statement, including but not limited to the
following: Qudian's goal and
strategies; Qudian's expansion
plans; Qudian's future business development, financial
condition and results of
operations; Qudian's expectations regarding demand for,
and market acceptance of, its
products; Qudian's expectations regarding keeping and
strengthening its relationships with customers, business partners
and other parties it collaborates with; general economic and
business conditions; and assumptions underlying or related to any
of the foregoing. Further information regarding these and other
risks is included in Qudian's filings with the SEC.
All information provided in this press release and in the
attachments is as of the date of this press release,
and Qudian does not undertake any obligation to update
any forward-looking statement, except as required under applicable
For investor and media inquiries, please contact:
The Piacente Group, Inc.
Tel: +86 (10) 6508-0677
In the United States:
The Piacente Group, Inc.
SOURCE Qudian Inc.