TIAN RUIXIANG Holdings Ltd Regains Compliance with Nasdaq’s Periodic Filing Requirement
Rhea-AI Summary
TIAN RUIXIANG Holdings (Nasdaq: TIRX), a China-based insurance broker, has regained compliance with Nasdaq's periodic filing requirement. The company received written notification from Nasdaq on July 18, 2024, confirming its compliance with Listing Rule 5250(c)(1). This follows the company's filing of its annual report on Form 20-F for the period ended October 31, 2023, which was submitted on July 17, 2024. The announcement marks an important step for TIRX in maintaining its listing status on the Nasdaq Stock Market.
Positive
- Regained compliance with Nasdaq's periodic filing requirement
- Successfully filed annual report on Form 20-F
- Maintained listing status on Nasdaq Stock Market
Negative
- Delayed filing of annual report (submitted in July 2024 for period ended October 31, 2023)
News Market Reaction
On the day this news was published, TIRX gained 9.95%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
BEIJING, July 23, 2024 (GLOBE NEWSWIRE) -- TIAN RUIXIANG Holdings Ltd (Nasdaq: TIRX) (the "Company"), a China-based insurance broker conducting business through its variable interest entity in China, today announced that the Company received a written notification from the Nasdaq Stock Market LLC ("Nasdaq") on July 18, 2024, informing the Company that it has regained compliance with Nasdaq's periodic filing requirement set forth under Listing Rule 5250(c)(1), because the Company had filed its annual report on Form 20-F for the period ended October 31, 2023 on July 17, 2024.
About TIAN RUIXIANG Holdings Ltd
TIAN RUIXIANG Holdings Ltd, headquartered in Beijing, China, is an insurance broker operating in China through its China-based variable interest entity. It distributes a wide range of insurance products, which are categorized into two major groups: (1) property and casualty insurance, such as commercial property insurance, liability insurance, accidental insurance, and automobile insurance; and (2) other types of insurance, such as health insurance, life insurance, and other miscellaneous insurance. For more information, visit the company's website at http://ir.tianrx.com/.
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review risk factors that may affect its future results in the Company's registration statement and in its other filings with the U.S. Securities and Exchange Commission.
For investor and media enquiries, please contact:
TIAN RUIXIANG Holdings Ltd
Investor Relations Department
Email: ir@tianrx.com
Wealth Financial Services LLC
Connie Kang
Partner
Email: ckang@wealthfsllc.com
Tel: +86 1381 185 7742 (CN)
FAQ
When did TIAN RUIXIANG Holdings (TIRX) regain compliance with Nasdaq's filing requirement?
What specific Nasdaq rule did TIRX comply with by filing its annual report?
When did TIAN RUIXIANG Holdings (TIRX) file its annual report for the period ended October 31, 2023?
