Shenzhen, China – March 3, 2025 – Meiwu Technology Company Limited (NASDAQ: WNW) announced today that it has received a warning letter from Nasdaq.
The notification, delivered on February 27, 2025, states that the company’s ordinary shares have traded below the minimum bid price of $1.00 for 30 consecutive business days. This violates Nasdaq Listing Rule 5550(a)(2).
The company has until August 26, 2025, to regain compliance. During this period, if Meiwu’s closing bid price reaches at least $1 for a minimum of 10 consecutive business days, Nasdaq will confirm compliance.
Should Meiwu fail to meet the requirements within the initial 180-day period, it may be eligible for an additional 180 calendar days. This extension is contingent on the company meeting the continued listing requirement for market value of publicly held shares and all other initial listing standards for Nasdaq, with the exception of the minimum bid price rule. The company must also provide written notice of its intention to address the deficiency, potentially through a reverse stock split.
About Meiwu Technology Company Limited
Meiwu Technology, incorporated in the British Virgin Islands on December 4, 2018, has shifted its business from online sales of food products and SMS services to the skincare industry. The company currently sells skincare products through Xiamen Chunshang Health Technology Co., Ltd., its indirect, wholly-owned subsidiary in China.
Safe Harbor Statement
This press release contains forward-looking statements under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially from those discussed. Important factors that could affect results include the ability to manage growth, secure additional financing, economic conditions, and potential changes in the legislative and regulatory environment. The company’s filings with the Securities and Exchange Commission, available at www.sec.gov, provide further details on risks and uncertainties.
Meiwu Technology undertakes no obligation to update or revise any forward-looking statements, except as required by law. Information in this press release is current only as of its release date.
Contact
Meiwu Technology Company Limited
Zhichao Yang
Email: meiwuBS@usmeiwu.com
