Tian Ruixiang Holdings

TIAN RUIXIANG Holdings Ltd. engages in the provision of insurance products. Its insurance products include individual whole life insurance, individual term life insurance, group life insurance, and individual endowment life insurance. The firm also offers Institutional Risk Management Services and internet insurance distribution platform, Needbao. The company was founded in 2019 and is headquartered in Beijing, China.

BEIJING, May 08, 2024 (GLOBE NEWSWIRE) -- TIAN RUIXIANG Holdings Ltd (Nasdaq: TIRX) (the "Company"), a China-based insurance broker conducting business through its variable interest entity in China, today announced that the Company held an extraordinary general meeting of shareholders on Monday, May 6, 2024, at which the shareholders approved the proposal for a 1-for-5 reverse share split of the Company's ordinary shares (the "Share Consolidation"). No fractional shares will be issued in connection with the Share Consolidation, and all fractional shares (after aggregating all fractional shares that would otherwise be received by a shareholder) resulting from the Share Consolidation will be rounded up to the whole number of shares.

TIAN RUIXIANG Holdings Ltd. Announces 1-for-5 Share Consolidation

Tian Ruixiang (NASDAQ: TIRX ) stock is rocketing higher on Thursday after announcing plans for an extraordinary general shareholders meeting. Tian Ruixiang will be holding this special shareholder meeting on May 6.

Why Is Tian Ruixiang (TIRX) Stock Up 209% Today?

BEIJING, March 25, 2024 (GLOBE NEWSWIRE) -- TIAN RUIXIANG Holdings Ltd (Nasdaq: TIRX) (the "Company"), a China-based insurance broker conducting business through its variable interest entity in China, today announced that on March 20, 2024, it received a notice of non-compliance from Nasdaq Listing Qualifications which states that, as a result of not having timely filed its annual report on Form 20-F for the fiscal year ended October 31, 2023 (the "2023 Form 20-F"), the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of periodic reports with the Securities and Exchange Commission (the "SEC"). This notice has no immediate effect on the listing or trading of TIRX's Class A ordinary shares on the Nasdaq Capital Market.

TIAN RUIXIANG Holdings Ltd Receives Notification of Non-compliance from Nasdaq Relating to Late Filing of Annual Report on Form 20-F

BEIJING, Feb. 14, 2024 (GLOBE NEWSWIRE) -- TIAN RUIXIANG Holdings Ltd (Nasdaq: TIRX) (the "Company"), a China-based insurance broker conducting business through its variable interest entity in China, today announced that TRX HongKong Investment Limited (“TRX HongKong”), a wholly-owned subsidiary of the Company, has entered into a sale and purchase agreement (the “SPA”) to acquire Peak Consulting Services Limited (the “Target") from Yuefu Company Limited (the “Vendor”), the sole shareholder of the Target. The Target is a licensed insurance brokerage in Hong Kong. This strategic acquisition represents a milestone in the Company's business to expand into the Hong Kong insurance brokerage market.

TIAN RUIXIANG Holdings Ltd's Subsidiary Enters into Sale and Purchase Agreement for Licensed Insurance Broker in Hong Kong

BEIJING, Jan. 08, 2024 (GLOBE NEWSWIRE) -- TIAN RUIXIANG Holdings Ltd (Nasdaq: TIRX) (the "Company"), a China-based insurance broker conducting business through its variable interest entity in China, today announced that TRX HongKong Investment Limited (“TRX HongKong”), a wholly-owned subsidiary of the Company, has entered into a Memorandum of Understanding (the “MoU”) to acquire Peak Consulting Services Limited (the “Target”), a licensed insurance brokerage in Hong Kong. The proposed acquisition demonstrates the Company's strategic vision to expand into the Hong Kong insurance brokerage market.

TIAN RUIXIANG Holdings Ltd Enters into Memorandum of Understanding to Acquire Licensed Insurance Broker in Hong Kong

BEIJING, Dec. 05, 2023 (GLOBE NEWSWIRE) -- TIAN RUIXIANG Holdings Ltd (Nasdaq: TIRX) (the "Company"), a China-based insurance broker conducting business through its variable interest entity in China, today announced that on November 30, 2023, it received a written notice (the "Notice") from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq"), indicating that the Company is not in compliance with the minimum bid price requirement of US$1.00 per share under the Nasdaq Listing Rules (the "Listing Rules"). Based on the closing bid price of the Company's Class A ordinary shares for the last 30 consecutive business days from October 17, 2023 to November 29, 2023, the Company no longer meets the minimum bid price requirement set forth in Listing Rule 5550(a)(2). The Notice does not impact the Company's listing on the Nasdaq Capital Market at this time. In accordance with Listing Rule 5810(c)(3)(A), the Company has been provided 180 calendar days, or until May 28, 2024, to regain compliance with Listing Rule 5550(a)(2). To regain compliance, the Company's Class A ordinary shares must have a closing bid price of at least US$1.00 for a minimum of 10 consecutive business days. In the event the Company does not regain compliance by May 28, 2024, the Company may be eligible for additional time to regain compliance or may face delisting.

TIAN RUIXIANG Holdings Ltd Receives Nasdaq Notice of Deficiency Regarding Minimum Bid Price Requirement

Tian Ruixiang (NASDAQ: TIRX ) stock is rising higher on Monday after the insurance broker company revealed a share transfer Unitrust Holdings Limited has obtained a 61.22% stake in Tian Ruixiang after acquiring shares from Wang Investor Co. Ltd. That saw it obtain 106,500 Class A shares for $10,000 and 250,000 Class B shares for $15,000.

Why Is Tian Ruixiang (TIRX) Stock Up 53% Today?

Tian Ruixiang (NASDAQ: TIRX ) stock is slipping on Tuesday morning despite a lack of news from the Chinese insurance brokerage services company. Tian Ruixiang shares aren't seeing much in the way of trading this morning with only about 2,000 shares having traded hands.

Why Is Tian Ruixiang (TIRX) Stock Down 3% Today?

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BEIJING , Oct. 27, 2022 /PRNewswire/ -- TIAN RUIXIANG Holdings Ltd (Nasdaq: TIRX) (the "Company"), a China-based insurance broker conducting business through its variable interest entity in China, announced today its unaudited financial results for the six months ended April 30, 2022. Mr. Zhe Wang, Chairman of the board of the directors and Chief Executive Officer of the Company, commented, "The challenging macro environment and disruptions caused by the ongoing regional Covid-19 pandemic restrictions in China has impacted our business.

TIAN RUIXIANG Holdings Ltd Reports Financial Results for the Six Months Ended April 30, 2022

BEIJING , June 6, 2022 /PRNewswire/ -- TIAN RUIXIANG Holdings Ltd (Nasdaq: TIRX) (the "Company"), a China-based insurance broker conducting business through its variable interest entity in China, announced today that the Company received a written notification (the "Notification") from the Nasdaq Stock Market LLC ("Nasdaq") on May 31, 2022, notifying the Company that it is not in compliance with the minimum bid price requirement set forth in Nasdaq Listing Rules for continued listing on the Nasdaq. Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain a minimum bid price of US$1.00 per share, and 5810(c)(3)(A) provides that it is a failure to meet the minimum bid price requirement if the deficiency continues for a period of 30 consecutive business days.

TIAN RUIXIANG Holdings Ltd Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency

BEIJING, March 7, 2022 /PRNewswire/ -- TIAN RUIXIANG Holdings Ltd (Nasdaq: TIRX) (the "Company"), a China-based insurance broker conducting business through its variable interest entity in China, announced today its financial results for the fiscal year ended October 31, 2021. Mr. Zhe Wang, Chairman of the board of the directors and Chief Executive Officer of the Company, commented, "In fiscal year 2021, our revenue was down by 14.1% to $2.79 million, which was primarily caused by a decrease in the commissions generated from individual accidental insurance of approximately $0.36 million and a decrease in the risk management services revenue of approximately $0.18 million.

TIAN RUIXIANG Holdings Ltd Reports Fiscal Year 2021 Financial Results

BEIJING, Dec. 8, 2021 /PRNewswire/ -- TIAN RUIXIANG Holdings Ltd (Nasdaq: TIRX) (the "Company"), a China-based insurance broker, announced today that the Company adopted a performance incentive plan (the "2021 Plan") to motivate and reward eligible employees based on their performance.  The Company has also filed a registration statement on Form S-8 (the "Registration Statement") to register 5,000,000 Class A ordinary shares, par value of US$0.001 per share (the "Class A Ordinary Shares"), of the Company, issuable pursuant to the the 2021 Plan.

TIAN RUIXIANG Holdings Ltd Announces 2021 Performance Incentive Plan

BEIJING, Nov. 24, 2021 /PRNewswire/ -- TIAN RUIXIANG Holdings Ltd (Nasdaq: TIRX) (the "Company"), a China-based insurance broker, announced today that it has entered into a strategic cooperation agreement (the "Agreement") with Yunnan Anhua Disaster Prevention and Mitigation Technology Co., Ltd. (" Yunnan Anhua"), to explore business opportunities in disaster mitigation and risk management in Yunnan province, China.

TIAN RUIXIANG Holdings Ltd Enters into Strategic Cooperation Agreement with Yunnan Anhua Disaster Prevention and Mitigation Technology Co., Ltd.

The stock price of Tian Ruixiang Holdings Ltd (NASDAQ: TIRX) increased by 7.69% yesterday. This is why it happened.

TIRX Stock: Why It Increased

BEIJING, Oct. 13, 2021 /PRNewswire/ -- TIAN RUIXIANG Holdings Ltd (Nasdaq: TIRX) (the "Company"), a China-based insurance broker, announced today that it has generated a total of RMB3.3 million (approximately US$0.5 million) in school campus liability insurance premium.  School campus liability insurance helps protect the legitimate rights and interests of students and schools, as well as maintaining normal school operations.

TIAN RUIXIANG Holdings Ltd Announces It has Generated RMB3.3 Million Premium in School Campus Liability Insurance

BEIJING , Aug. 30, 2021 /PRNewswire/ -- TIAN RUIXIANG Holdings Ltd (Nasdaq:  TIRX ) (the "Company"), a China-based insurance broker, announced today it has entered into a strategic cooperation agreement (the "Agreement") with the People's Government of Shilipu Township, Daguan District, Anqing City in the southwest of Anhui province ("Shilipu Township Government") to expand its insurance brokerage business. Pursuant to the Agreement, the Company intends to establish an independent assessment company and conduct insurance brokerage business in Daguan District, Anqing City, and the Shilipu Township Government agrees to provide the Company with preferential policy treatment including tax incentives and facility support.

TIAN RUIXIANG Holdings Ltd Enters into Cooperation Agreement with Anqing Daguan Shilipu People's Government to Expand Its Insurance Brokerage Business

BEIJING, Aug. 18, 2021 /PRNewswire/ -- TIAN RUIXIANG Holdings Ltd (Nasdaq:  TIRX ) (the "Company"), a China-based insurance broker received the Insurance Customer Experience Award (the "Award") in the 4th China Insurance Analytics and AI Innovation Summit 2021 held in Shanghai, China on August 17-18 th, 2021 (the "Event"). The Event was endorsed by the International Insurance Society, an organization that aims to provide a platform for both private and public stakeholders to promote resilience, drive innovation, and stimulate the development of markets.

TIAN RUIXIANG Holdings Ltd Receives Insurance Customer Experience Award

BEIJING, Aug. 13, 2021 /PRNewswire/ -- TIAN RUIXIANG Holdings Ltd (Nasdaq: TIRX) (the "Company"), a China-based insurance broker, announced today it has entered into a strategic cooperation agreement (the "Agreement") with Beijing Puyuan Technology Co., Ltd.("BPTC"), an innovative financial service platform solution provider in China, on August 2, 2021, to develop its intelligent sales and customer service systems.

TIAN RUIXIANG Holdings Ltd Partners with Beijing Puyuan Technology Co., Ltd. to Develop Intelligent Sales and Customer Service Systems

BEIJING, Aug. 10, 2021 /PRNewswire/ -- TIAN RUIXIANG Holdings Ltd (Nasdaq: TIRX) (the "Company"), a China-based insurance broker, announced today its unaudited financial results for the six months ended April 30, 2021. Mr. Zhe Wang, Chairman of the board of the directors and Chief Executive Officer of the Company, commented, "During the first half of the fiscal year 2021, we delivered significant growth as our revenue increased by 131.3% to $1.64 million, compared to the same period of the fiscal year 2020.

TIAN RUIXIANG Holdings Ltd Reports Financial Results for the Six Months Ended April 30, 2021

BEIJING, June 21, 2021 /PRNewswire/ -- TIAN RUIXIANG Holdings Ltd (Nasdaq: TIRX) (the "Company"), a China-based insurance broker, announced today that the Company plans to explore and expand into healthcare management industry. The Company plans to cooperate with governments, insurance companies, data companies, pharmaceutical companies, and medical management companies to  explore the Chinese healthcare management market.

TIAN RUIXIANG Holdings Ltd Steps into Healthcare Management Industry

The stock price of Tian Ruixiang Holdings Ltd (NASDAQ: TIRX) increased by over 6% pre-market. This is why it happened.

TIRX Stock Price Increases Over 6% Pre-Market: Why It Happened

The stock price of TIAN RUIXIANG Holdings Ltd (Nasdaq: TIRX) increased by over 10% pre-market. This is why it happened.

TIRX Stock Price Increases Over 10% Pre-Market: Why It Happened

BEIJING, June 17, 2021 /PRNewswire/ -- TIAN RUIXIANG Holdings Ltd (Nasdaq: TIRX) (the "Company"), a China-based insurance broker, announced today that it entered into a comprehensive strategic cooperation agreement with Anqing Road Transport Administrative Center of Anhui Province ("the "Agreements") on June 15, 2021. Pursuant to the Agreement, the Company will provide Anqing Road Transport Administrative Center with professional risk management services.

News for Tian Ruixiang Holdings Stock (TIRX)