Shenzhen, China, March 03, 2025 – Meiwu Technology Company Limited (NASDAQ: WNW) announced today that it received a notification letter from the Nasdaq Listing Qualifications Staff on February 27, 2025. The letter stated that the Company’s ordinary shares have failed to maintain a minimum bid price of $1.00 per share for 30 consecutive business days, thus not meeting the requirements set forth in Nasdaq Listing Rule 5550(a)(2).
The notification does not immediately affect the listing of the Company’s ordinary shares on Nasdaq. Under the Nasdaq Listing Rules, Meiwu has until August 26, 2025, to regain compliance. This can be achieved if the closing bid price of the Company’s ordinary shares reaches at least $1 for a minimum of 10 consecutive business days during the 180-day period.
If Meiwu fails to regain compliance within the initial 180-day period, it may be eligible for an additional 180 calendar days. To qualify, the Company must meet the continued listing requirement for the market value of publicly held shares and all other initial listing standards for Nasdaq, excluding the minimum bid price rule. The Company would also need to provide written notice of its intention to cure the deficiency, potentially through a reverse stock split.
About Meiwu Technology Company Limited
Meiwu Technology Company Limited is a British Virgin Islands company incorporated on December 4, 2018. The Company has undergone a strategic business transition from online sales of high-quality food products and short message services to the skincare industry. Currently, Meiwu engages in the sale of functional skincare products through Xiamen Chunshang Health Technology Co., Ltd., an indirect wholly-owned subsidiary in China.
Safe Harbor Statement
Certain statements in this release are “forward-looking statements” under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties, and other factors that could cause actual results to differ materially from those discussed. Important factors include the ability to manage growth, obtain additional financing, fluctuations in economic conditions, and potential changes in the legislative and regulatory environment. The Company undertakes no obligation to update or revise any forward-looking statements, except as required by applicable law.
