SOLAI Limited (NYSE: SLAI) has received a notification from the New York Stock Exchange stating that its American Depositary Shares (ADS) have closed below $1 for 30 consecutive trading days, violating listing standards. The company has a six-month remediation period to regain compliance and has announced a board change, appointing Chen Zhan as an independent director to replace Sun Qian, who resigned due to personal reasons.
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SOLAI Limited (NYSE: SLAI) has received a notification from the New York Stock Exchange stating that its American Depositary Shares (ADS) have closed below $1 for 30 consecutive trading days, violating listing standards. The company has a six-month remediation period to regain compliance and has announced a board change, appointing Chen Zhan as an independent director to replace Sun Qian, who resigned due to personal reasons.