China Internet Nationwide Financial Services

Hudson Capital, Inc. operates through its wholly owned subsidiary Freight App, Inc. (Fr8App), which is a North American transportation logistics technology company with a specialty in US-Mexico-Canada cross-border shipping. Powered by AI and big data analytics, the Fr8App platform connects carriers and shippers, improving matching, increasing operational efficiency, and reducing logistics costs. Fr8App automates the process, making transportation simple with innovative technologies, including live pricing and real-time tracking, digital freight marketplace, broker, transportation management, fleet management, and committed capacity solutions. The company was founded by Jian Xin Lin and Jin Chi Xu on September 16, 2014 and is headquartered in The Woodlands, TX.

Beijing, China, April  17, 2020  (GLOBE NEWSWIRE) -- China Internet Nationwide Financial Services, Inc. (the “Company” or Nasdaq: CIFS) received a letter on April 16, 2020 from the Listing Qualifications Department of the Nasdaq Stock Market (“Nasdaq”) indicating the Company’s Market Value of Publicly Held Shares (MVPHS) did not meet the minimum value of $5,000,000 for the last 30 consecutive business days in contravention of the Nasdaq’s Listing Rules (the “Rules”). However, the Rules also provide the Company a compliance period of 180 calendar days in which to regain compliance. The following table summarizes the critical dates and information as related to this matter.

CIFS Receives Notice of Non-compliance with NASDAQ’s Listing Rule 5450(b)(1)(C)

Beijing, China, March  20, 2020  (GLOBE NEWSWIRE) -- China Internet Nationwide Financial Services, Inc. (the “Company” or Nasdaq: CIFS) received a letter from the Listing Qualifications Department of the Nasdaq Stock Market (“Nasdaq”) indicating that, the closing bid price of the Company’s ordinary shares for the last 30 consecutive business days did not meet the minimum bid price of $1.00 per share required for continued listing on The Nasdaq Global Market pursuant to Nasdaq Listing Rule 5450(a)(1). The letter also indicated that the Company will be provided with a compliance period of 180 calendar days, or until August 31,2020, in which to regain compliance pursuant to Nasdaq Listing Rule 5810(c)(3)(A). The letter further provided that if, at any time during the 180-day period, the closing bid price of the Company’s ordinary shares is at least $1.00 for a minimum of ten consecutive business days, Nasdaq will provide the Company with written confirmation that it has achieved compliance with the minimum bid price requirement. If the Company does not regain compliance by August 31, 2020, an additional 180 days may be granted to regain compliance if the Company (i) meets the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market (except for the bid price requirement) and (ii) provides written notice of its intention to cure the deficiency during the second 180-day compliance period.

CIFS Receives Notice of Non-compliance with NASDAQ Continued Listing Rule 5450(a)(1)

AllianceBernstein Hld

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Royal Bank of Scotland

One day the volume expands to 1,000,000 shares traded and that’s the same day that the price moves upward to a significantly higher high.

News for China Internet Nationwide Financial Services Stock (CIFS)