Scienjoy Holding Corporation Regained Compliance with Nasdaq Continued Listing Requirement

BEIJING,Aug. 20,2024 -- Scienjoy Holding Corporation ("Scienjoy",the "Company",or "we") (NASDAQ: SJ),an interactive entertainment leader in the Chinese market,todayannounced that the Company received a written notification (the "Notification Letter") from the Nasdaq Stock Market LLC ("Nasdaq") on August 19,2024,informing the Company that it has regained compliance with the Nasdaq's minimum bid price requirement. According to the Notification Letter,the closing bid price of the Company's Class A ordinary shares has been at $1.00 per share or greater for ten consecutive business days from August 5 through August 16,2024.

About Scienjoy Holding Corporation

Scienjoy is a pioneering Nasdaq-listed interactive entertainment leader. Driven by the vision of shaping a metaverse lifestyle,Scienjoy leverages AI-powered technology to create immersive experiences that resonate with global audiences,fostering meaningful connections and redefining entertainment. For more information,please visithttp://ir.scienjoy.com/.

Safe Harbor Statement

Certain statements made in this release are "forward looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release,the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "should," "future," "propose" and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance,conditions or results,and involve a number of known and unknown risks,uncertainties,assumptions and other important factors,many of which are outside the Company's control,that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors,among others,are: the ability to manage growth; ability to identify and integrate other future acquisitions; ability to obtain additional financing in the future to fund capital expenditures; fluctuations in general economic and business conditions; costs or other factors adversely affecting our profitability; litigation involving patents,intellectual property,and other matters; potential changes in the legislative and regulatory environment; a pandemic or epidemic. The forward-looking statements contained in this release are also subject to other risks and uncertainties,including those more fully described in the Company's filings with the Securities and Exchange Commission ("SEC") from time to time. The Company undertakes no obligation to update or revise any forward-looking statements,whether as a result of new information,future events or otherwise,except as required by applicable law. Such information speaks only as of the date of this release.

For investor and media inquiries,please contact:

Investor Relations Contacts

Denny Tang

Chief Financial Officer

Scienjoy Holding Corporation

+86-10-64428188

[email protected]

Ascent Investor Relations LLC

Tina Xiao

+1-646-932-7242

[email protected]