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Zepp Regains Compliance with NYSE Minimum Price Continued Listing Criterion

Key Takeaway: Zepp Health Corporation announced that it has regained compliance with the NYSE's minimum price continued listing criterion, following an earlier notification that its share price had fallen below compliance standards. The NYSE communicated this positive change in a letter dated October 2, 2024. This development marks a recovery for the company after it was previously below the compliance threshold due to a low average closing price of its American depositary shares over a consecutive trading period. Zepp Health continues to operate as a prominent player in the smart wearables and health technology market.
Price reaction · baseline $3.89 (2024-10-01 close) · hit after-hours · clean, no other ZEPP news in the window
day 0 close
+0.5%

Market Sentiment Analysis

POSITIVE FACTORS

  • Zepp Health has regained compliance with NYSE listing standards.
  • The company previously informed stakeholders of the improved share price.
  • Zepp Health continues to be recognized as a leader in smart wearables.
  • The announcement indicates the company's financial health is improving.

Full Press Release Details

Zepp Regains Compliance with NYSE Minimum Price
Continued Listing Criterion
MILPITAS, Calif., October 2, 2024 /PRNewswire/ -- Zepp Health
Corporation ("Zepp Health" or the "Company") (NYSE: ZEPP), a global leader in smart wearables and health technology,
today announced that it has received a letter from the New York Stock Exchange ("NYSE") dated October 2, 2024 (the "October Letter"),
notifying the Company that it has regained compliance with the NYSE's continued listing criterion of a minimum share price as set
forth in Section 802.01C of the NYSE Listed Company Manual (the "NYSE Minimum Price Continued Listing Criterion").
As previously announced, the Company received
a letter from the NYSE dated April 30, 2024, notifying the Company that it was below compliance standards due to the average closing
price of the Company's American depositary shares being less than $1.00 for a consecutive 30 trading-day period. Following the
receipt of the October Letter, the Company is no longer considered below the NYSE Minimum Price Continued Listing Criterion and
has regained compliance regarding this matter.
About Zepp Health Corporation
Zepp Health (NYSE: ZEPP), a global smart wearable
and health technology leader, empowers users to live their healthiest lives through its leading consumer brands, including Amazfit, Zepp
Clarity, and Zepp Aura. Leveraging its proprietary Zepp Digital Health Management Platform, Zepp Health delivers actionable insights and
guidance to users worldwide. With a presence in over 90 countries and a robust ecosystem of products and services, Zepp Health is at the
forefront of advancing wearable intelligence and digital health technology.
more information on Zepp Health and its products, please visit www.zepp.com.
Safe Harbor Statement
This announcement contains forward-looking statements.
These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995.
These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates,"
"future," "intends," "plans," "believes," "estimates," "confident"
and similar statements. Statements that are not historical facts, including statements about the Company's beliefs and expectations,
are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause
actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following:
the cooperation with Xiaomi, the recognition of the Company's self-branded products; the Company's growth strategies; trends
and competition in global wearable technology market; changes in the Company's revenues and certain cost or expense accounting
policies; governmental policies relating to the Company's industry and general economic conditions in China and the global. Further
information regarding these and other risks is included in the Company's filings with the United States Securities and Exchange
Commission. All information provided in this press release and in the attachments is as of the date of this press release, and the Company
undertakes no obligation to update any forward-looking statement, except as required under applicable law.
For investor and media inquiries, please contact:
Zepp Health Corporation

Frequently Asked Questions

What recent compliance news did Zepp Health announce?

Zepp Health announced it regained compliance with NYSE's minimum share price.

When did Zepp Health receive the NYSE compliance notification?

Zepp Health received the compliance notification on October 2, 2024.

What caused Zepp Health to fall below compliance previously?

The company's average share price was below $1.00 for 30 consecutive days.

What brands does Zepp Health offer?

Zepp Health's brands include Amazfit, Zepp Clarity, and Zepp Aura.

In how many countries does Zepp Health operate?

Zepp Health has a presence in over 90 countries worldwide.

Last updated: Oct 2, 2024