 JMU Limited the Company Nasdaq: MFH today announced that the Company had received a notice from the NASDAQ Stock Market LLC NASDAQ, dated March 2, 2020, notifying that, the Company is currently not in compliance with the minimum bid price requirement set forth under NASDAQ Listing Rule 5550a2 the Rule. It has resulted from the fact that the bid price of the Companys American depositary shares ADSs closed below US1 per share for the last 30 consecutive business days from January 15, 2020 to February 28, 2020. The Company has been granted a grace period of 180 calendar days, expiring on August 31, 2020, in which to regain compliance. The Company will regain compliance if, at any time during this 180-day period, the closing bid price of the Companys ADSs is at least US1 for a minimum of ten consecutive business days. In the event the Company does not regain compliance with the Rule within 180 calendar days, the Company may be eligible for additional time. 