If at any time during the Compliance Period, the closing bid price per ADS is at least US$1.00 for a minimum of 10 consecutive business days, Nasdaq will provide the Company a written confirmation of compliance and the matter will be closed. Pursuant to Rule 5810(c)(3)(A) of the Nasdaq Listing Rules, the Company has a compliance period of 180 calendar days, or until Aug(the 'Compliance Period'), to regain compliance with Nasdaq's minimum bid price requirement. The Deficiency Letter does not result in the immediate delisting of the Company's securities. (the 'Nasdaq'), indicating that the Company is no longer in compliance with the minimum bid price requirement set forth in Rule 5550(a)(2) of the Nasdaq Listing Rules as the Company's closing bid price per American depositary share ('ADS'), each representing sixteen Class A ordinary shares, par value US$0.0001 per share, of the Company, has been below US$1.00 for a period of 30 consecutive business days.

21, 2023 /PRNewswire/ - TuanChe Limited ('TuanChe' or the 'Company') (NASDAQ: TC), a leading integrated automotive marketplace in China, today announced that it received a notification letter dated Febru(the 'Deficiency Letter') from the Listing Qualifications Department of The Nasdaq Stock Market Inc.

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