Canaan Inc. has been notified by the Nasdaq Stock Market that it is not meeting Nasdaq Listing Rule 5550(a)(2), which requires a minimum bid price of $1.00 per share for its American Depositary Shares (ADS). According to a notice issued on May 13, 2025, Canaan Inc.’s ADS closed below the required price for 30 consecutive business days, prompting this notification. However, the Nasdaq Listing Rule 5810(c)(3)(A) grants Canaan Inc. a 180-day compliance period, ending on November 10, 2025. To regain compliance, Canaan Inc. needs to maintain a closing price of $1.00 or higher for at least ten consecutive business days within this timeframe. This notification does not impact the company’s listing status or trading on the Nasdaq exchange.