Qudian Inc. regains compliance with NYSE minimum price requirement

XIAMEN, China, May 5, 2022 /PRNewswire/ — Qudian Inc. (“Qudian” or the “Company”) (NYSE: QD), a consumer-focused technology company in China, today announced that the Company has regained compliance with the Exchange of New York (“NYSE”) continued the listing standard for stock prices, as confirmed by a notification letter from the NYSE on May 2, 2022.

On February 7, 2022the NYSE notified the Company of its failure to meet the Exchange’s Continuous Listing Standards because the average closing price of its American Depository Stock (“ADS”) had fallen below $1.00 over a period of 30 consecutive trading days.

On May 2, 2022the NYSE has confirmed to Qudian that a calculation of the average closing price of the Company’s ADSs over the 30 trading day period has been completed April 29, 2022 indicated that this price exceeded the minimum NYSE requirement of $1.00. As a result, the Company is no longer considered below $1.00 criteria for maintaining registration.

About Qudian Inc.

Qudian Inc. (“Qudian”) is a consumer-focused technology company China. The Company has historically focused on providing consumer credit solutions. The Company explores innovative consumer products and services to meet the basic and daily needs of Chinese consumers by leveraging its technological capabilities. In March 2022he launched a convenience food business aimed at popular consumers in China.

For more information, please visit https://ir.qudian.com.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made pursuant to the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by words such as “will”, “expect”, “anticipate” , “future,” “intends,” “anticipates,” “believes,” “estimates,” and similar statements. Among other things, the expectation of its collection efficiency and late payment contains forward-looking statements Qudian may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials, and in oral statements made by its officers, directors or employees to statements that are not historical facts, including statements about Qudian’s beliefs and expectations, are forward-looking statements. Activities involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statements, including, but not limited to, the following: Qudian’s objective and strategies; Qudian’s expansion plans; the future business development, financial condition and results of operations of Qudian; Qudian’s expectations regarding market demand and acceptance of its products; Qudian’s expectations for maintaining and strengthening its relationships with customers, business partners and other parties with whom it does business; general economic and commercial conditions; and assumptions underlying or relating to any of the foregoing. Further information regarding these and other risks is included in Qudian’s filings with the SEC. All information provided in this press release and in the attachments speaks as of the date of this press release, and Qudian undertakes no obligation to update any forward-looking statements except as required by applicable law.

For investor and media inquiries, please contact:

In China:

Qudian Inc.
IR team
Tel: +86-592-596-8208
E-mail: [email protected]

Piacente Group, Inc.
Jenny Cai
Tel: +86 (10) 6508-0677
E-mail: [email protected]

In the USA:

Piacente Group, Inc.
Brandi Piecente
Tel: +1-212-481-2050
E-mail: [email protected]

SOURCEQudian Inc.