NEW YORK, Sept. 06, 2024 (GLOBE NEWSWIRE) -- The Nasdaq Stock Market^® (NASDAQ:NDAQ) announced that trading was halted on September 5, 2024 in BAIYU Holdings, Inc. (NASDAQ:BYU) at 19:50:00 Eastern Time for information requested from the company at a last sale price of $1.02.

Trading will remain halted until BAIYU Holdings, Inc. has fully satisfied Nasdaq's request for additional information.

Additionally, the Securities and Exchange Commission effected a trading suspension in BYU from 09:30:00 on September 6, 2024 to 23:59:00 on September 19, 2024. More information about the SEC's order can be found at https://www.sec.gov/files/litigation/suspensions/2024/34-100956.pdf.

For news and additional information about the company, please contact the company directly or check under the company's symbol using InfoQuotes^SM on the Nasdaq^® Web site.

For more information about The Nasdaq Stock Market, visit the Nasdaq Web site at http://www.nasdaq.com.

Nasdaq Media Contact:

Sophia Weiss

sophia.weiss@nasdaq.com

NDAQO

Nasdaq Halts BAIYU Holdings, Inc.