Gridsum Regains Compliance with NASDAQ Listing Requirement for Minimum Bid Price

Gridsum Holding Inc. (“Gridsum” or the “Company”) (NASDAQ:GSUM), a leading provider of cloud-based big-data analytics and artificial intelligence (“AI”) solutions in China, today announced that on October 1, 2020, it received a letter (the “Nasdaq Letter”) from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”), indicating that for the ten consecutive business days from September 15, 2020 through September 30, 2020, the closing bid price for the Company’s American depositary shares (the “ADSs”), each representing one Class B ordinary share of the Company, has been at $1.00 per ADS or greater as required for continued listing on The Nasdaq Global Select Market.

As previously reported, on April 17, 2020, the Company received a deficiency notice from Nasdaq’s Listing Qualifications Department, indicating that the Company had not been in compliance with the minimum bid price requirement of $1.00 per ADS for continued listing on The Nasdaq Global Select Market.  The Nasdaq Letter confirmed that the Company has regained compliance with such requirement, and the matter is now closed.