September 30， Tuniu announcement，The Company’s Board of Directors has authorized a stock repurchase program，Under the plan，The Company may repurchase up to $10 million of its ordinary shares or American depositary shares representing U.S. ordinary shares within the next 12 months。

Since September 16th，Tuniu’s stock price remains below US$1 again，Causing concerns about delisting。

Affected by the outbreak of COVID-19，Tuniu’s stock price has 188bet Online Sports Betting and Casino been below Affected by the outbreak of COVID-19，Tuniu’s stock price has since April 6，May this year，Tuniu’s stock price triggers Nasdaq delisting warning。

According to the regulations of the NASDAQ market in the United States, if the stock price of a listed company is less than US$1 per share，And this state lasts for 30 trading days，NASDAQ will issue a pre-loss warning，If the company being warned is within 90 days of the warning，Still unable to take corresponding measures to save itself and change its stock price，It will be announced that stock trading will be suspended。

Tuniu was listed on Nasdaq in May 2014，Issue price $9。Tuniu latest stock price quoted 0.USD 93，The impact of the first stock repurchase news，Tuniu stock price rose 12% before the opening.90%，Da1.USD 05。

Affected by the new coronavirus epidemic，The tourism industry has suffered heavy losses，Tuniu has a relatively simple business model，The ability to respond to the impact of the epidemic 188bet online sports betting is more fragile。2020 Second Quarter Financial Report，Tuniu’s net revenue was RMB 34 million (approximately US$4.8 million)，Down 93% year-on-year.5% 。At the same time, Tuniu estimates，Net revenue in the third quarter of 2020 will reach RMB 85.3 million to RMB 1.70.5 billion yuan，Still down 80% to 90% year-on-year。

188bet online sports betting Original title:《Tuniu plans to repurchase shares of no more than US$10 million, stock price drops to 0.USD 93》.