XChange TEC.INC

XChange TEC., Inc. engages in the operation of a technology-driven apartment rental platform. It offers affordable branded apartments as well as facilitates a variety of value-added services. The company was founded in 2012 by Guang Jie Jin and is headquartered in Shanghai, China.

SHANGHAI , Aug. 15, 2024 /PRNewswire/ -- XChange TEC.INC (NASDAQ: XHG) (the "Company"), today announced that it received two letters, dated August 12 and 14, 2024, respectively, from The Nasdaq Stock Market ("Nasdaq") notifying the Company that it had regained compliance with the requirement to maintain a minimum bid price of $1 per share as set forth under Nasdaq Listing Rule 5450(a)(1) for continued listing on The Nasdaq Global Market (the "Bid Price Rule"). As previously announced by the Company via a press release on April 9, 2024, the Company received a notice from Nasdaq dated April 3, 2024, stating that the Company was not in compliance with the Bid Price Rule.

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