Canaan Technologies received a notification from NASDAQ regarding non-compliance with listing rules, requiring it to meet the minimum bid price requirement within 180 days.

On May 13, 2025, Canaan received a written notice from the Nasdaq stock market stating that the company did not comply with Nasdaq Listing Rule 5550(a)(2), Because the closing price of its ADSs has been below US$1.00 per share for the past 30 consecutive business days, Canaan has been allowed to re-comply with the minimum purchase price requirement within the 180-calendar day compliance period (i.e., prior to November 10, 2025), i.e., the closing price of its ADSs must meet or exceed US$1.00 per share for at least 10 consecutive business days during the 180-calendar day compliance period. It is reported that the NASDAQ notification letter has no direct impact on the listing or trading of the company's securities on the NASDAQ.