Shenzhen, China – December 26, 2024 – Meiwu Technology Company Limited (NASDAQ: WNW), announced today that it has been notified by the Nasdaq Stock Market LLC (Nasdaq) that the company has regained compliance with Nasdaq Listing Rule 5550(a)(2). This rule mandates that a company’s ordinary shares maintain a minimum bid price of $1.00 per share.
The Nasdaq’s determination came after Meiwu’s ordinary shares closed at or above $1.00 per share for ten consecutive business days, from December 6, 2024, to December 20, 2024. As a result, Meiwu is now in compliance, and the bid price deficiency issue is resolved.
About Meiwu Technology Company Limited
Meiwu Technology Company Limited, incorporated in the British Virgin Islands on December 4, 2018, operates in China through its subsidiaries. The company’s business includes an online platform for food product sales, a Short Message Service (SMS) business, and a functional skincare business. Meiwu is actively exploring and implementing various strategies aimed at business growth.
Safe Harbor Statement
This release contains “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. These statements can be identified by terms such as “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” and their variations or similar expressions. These forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties, and other factors that could cause actual results to differ materially from those discussed in the statements. Key factors include, but are not limited to, the ability to manage growth, identify acquisitions, obtain additional financing, economic fluctuations, costs affecting profitability, litigation, changes in legislation and regulation, and potential pandemics or epidemics.
These forward-looking statements are also subject to risks and uncertainties detailed in Meiwu’s filings with the Securities and Exchange Commission, accessible at www.sec.gov. Meiwu Technology is not obligated to update or revise forward-looking statements, except as required by law. The information provided is only valid as of the date of this release.
Contact:
Meiwu Technology Company Limited
Xinliang Zhang
Email: meiwuBS@usmeiwu.com
