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Quhuo Limited announced that Nasdaq determined to delist its ADSs due to the closing bid price remaining at $0.10 or below for 10 consecutive trading days, with trading suspended on April 6, 2026.
Quhuo Limited received a Staff Delisting Determination Letter from Nasdaq on March 27, 2026, notifying the company of the decision to delist its American depositary shares from The Nasdaq Global Market. The determination was triggered because the closing bid price of the ADSs remained at $0.10 or below for 10 consecutive trading days through March 25, 2026. Trading in the Company's ADSs is scheduled to be suspended at the opening of business on April 6, 2026. The Company stated it currently intends to appeal the delisting determination to the Nasdaq Hearings Panel, with the hearing request required to be received no later than 4:00 p.m. Eastern Time on April 6, 2026. However, the filing explicitly notes that a timely hearing will not stay the trading suspension of the ADSs. Unless the appeal is successful, Nasdaq would file a Form 25-NSE with the U.S. Securities and Exchange Commission to remove the ADSs from listing and registration. The Company acknowledged there can be no assurance that the hearing will be successful.