China Liberal Education Holdings announces Nasdaq trading suspension

BEIJING, June 1, 2025 /PRNewswire/ -- China Liberal Education Holdings Limited ("China Liberal" or the "Company") (Nasdaq: CLEU), a China-based company that provides technological consulting services for smart campus solutions and other educational services, today announced that on May 30, 2025, the Company received notice from The Nasdaq Stock Market LLC ("Nasdaq") that the Company's securities will be suspended from trading on Nasdaq effective June 3, 2025. The suspension is due to the Company's failure to submit a request for an extended stay or otherwise address the delinquency in filing its annual report on Form 20-F for the fiscal year ended December 31, 2024, in its written submissions to the Nasdaq Hearings Panel (the "Panel").

As previously publicly announced and also disclosed in the Company's Current Reports on Form 6-K filed with the U.S. Securities and Exchange Commission ("SEC") in May 2025, the Company is awaiting a decision from the Panel regarding its appeal of an earlier determination by Nasdaq's Listing Qualifications Department (the "Staff") to delist the Company's securities. That determination was based on public interest concerns related to the Company's substantial issuance of ordinary shares in December 2024.

While the Company has submitted written materials in support of its appeal and has requested that the Panel make its decision based solely on the written record, it did not request a stay of suspension or address the additional basis for delisting stemming from the untimely filing of its annual report on the Form 20-F. As a result, the Panel has determined to suspend trading in the Company's securities.

The Company continues to evaluate all available options and remains committed to compliance with applicable SEC and Nasdaq requirements.