📄 What This Document Is

This is a 6-K form, which foreign companies listed in the U.S. use to report major current events to the SEC. This specific filing is a press release announcing a very serious problem: Nasdaq has decided to delist the company's stock.

👉 In simple terms: Quhuo's stock is being kicked off the Nasdaq stock exchange because its share price has been too low for too long.

🏢 What The Company Does

Quhuo Limited (ticker: QH) is a Chinese company that runs a gig economy platform. Think of it as a large-scale operator and manager for workers in local services like food delivery, housekeeping, and ride-hailing. They use their own technology ("Quhuo+") to connect workers with service providers and manage the operations. Their vision is to promote stable employment and empower these workers.

⚠️ The Delisting Decision

On March 27, 2026, Quhuo received an official letter from Nasdaq. The reason? The closing price of its American Depositary Shares (ADSs) was $0.10 or below for 10 consecutive trading days (through March 25, 2026). This violated Nasdaq's listing rules.

As a result:

• Trading will be suspended starting at the market open on April 6, 2026.
• If Quhuo does nothing, Nasdaq will formally remove the stock from listing by filing paperwork with the SEC.

🚀 The Company's Next Move: An Appeal

Quhuo plans to fight this decision. They intend to request a hearing before the Nasdaq Hearings Panel. This request must be submitted by 4:00 p.m. ET on April 6, 2026.

👉 The catch: Even with a timely appeal, the trading suspension on April 6th will still happen. The company warns there is "no assurance" that their appeal will be successful.

💡 Why This Matters

This is a major red flag for investors and the company's future.

• Loss of Access to Capital: Being delisted makes it much harder to raise money by selling stock.
• Reduced Visibility & Credibility: Nasdaq is a major exchange; removal signals significant trouble to the market.
• Lower Liquidity: If the stock moves to a less regulated market (like OTC markets), it becomes harder to buy and sell shares.

🔮 What's Next

The immediate future is uncertain and hinges entirely on the appeal process. Key upcoming dates are:

• April 6, 2026: Deadline to request a hearing and the day trading is suspended.
• The hearing date and outcome are not yet known.

⚖️ The Big Picture

• 👍 Potential Strength: The company is taking action by appealing, showing it hasn't given up.
• ⚠️ Critical Risks: The core problem is the extremely low stock price ($0.10), reflecting a severe lack of investor confidence. A failed appeal would likely lead to trading on less prestigious "over-the-counter" markets, which is a significant step down and often leads to even lower liquidity and higher risk for investors.

🧠 The Analogy

This is like a student being put on academic probation and told they are failing out of school. They have one last chance to appeal to the dean before their enrollment is officially terminated. Even while they wait for the appeal hearing, they are immediately suspended from classes.

📇 Key Contacts & People

• Contact: Quhuo Limited Investor Relations
• Email: [email protected]

🧩 Final Takeaway

Quhuo's stock is being suspended from Nasdaq due to a chronically low share price. While the company will appeal, the path to staying listed is very difficult, and this event fundamentally changes its investment profile and risk level.