Secoo Holding receives non-compliance letter from NASDAQ

Secoo Holding announced that it has received a written notification from the staff of the Listing Qualifications Department of the Nasdaq Stock Market dated August 1, indicating that because the closing bid price of the Company’s American Depositary Shares, or ADSs, for the last 30 consecutive business days was below $1.00 per share, the Company no longer meets the Nasdaq minimum bid price requirement, set forth in Nasdaq Listing Rule 5550. Pursuant to the Nasdaq Listing Rule 5810, the Company is provided with a compliance period of 180 calendar days, or until January 29, 2024, to regain compliance under the Nasdaq Listing Rules. If at any time during the 180-day compliance period, the closing bid price of the Company’s ADSs is at lease US$1.00 per sharefor a minimum of ten consecutive business days, Nasdaq will provide the Company written confirmation of compliance and that matter will be closed. The Nasdaq notification letter will have no effect on the Company’s business operations, and the Company will take all reasonable measures to regain compliance.