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The determination of this significant time point marks that the preferred stock is about to complete its mission in public market trading. As the final trading day approaches, holders need to closely follow subsequent arrangements to ensure their rights and interests are properly managed.

According to Nasdaq listing rules, if a listed company's share price fails to meet the minimum bid price requirement for a prolonged period, it will face the risk of delisting. However, the rules also grant enterprises a 180-calendar-day grace period, during which, if the share price returns to above one dollar for ten consecutive trading days, compliance will be restored.Currently, ChinaNet Online Holdings stated that it will actively monitor the stock price trend and evaluate feasible solutions to regain compliance with Nasdaq's continued listing standards. The company emphasized that this notice does not affect its normal trading eligibility on the Nasdaq market for the time being.

Among the popular Chinese concept stocks, WeRide closed down 9% initially, Pony.ai fell 5.7%, Kingsoft Cloud dropped 5.5%, BYD declined 5.2%, NIO fell 4.4%, XPeng dropped 3.8%, Alibaba lost 2.1%, while Zai Lab rose 2.8%.