Canaan Inc. Receives Additional 180-day Compliance Period from Nasdaq

Canaan Inc. has received an additional 180-day compliance period from Nasdaq, until January 11, 2027, to regain compliance with the minimum bid price requirement. The company's ADSs will continue to trade on the Nasdaq Capital Market under the symbol 'CAN'. Canaan has met other listing requirements, including market value of publicly held shares. If the closing bid price of its ADSs reaches at least US$1.00 per share for ten consecutive business days during this period, the company will regain compliance. Canaan previously received an initial notification on January 14, 2026, and had its listing transferred from the Nasdaq Global Market to the Nasdaq Capital Market effective July 1, 2026. The company is evaluating options to rectify the deficiency.