Shenzhen, China, December 26, 2024 (GLOBE NEWSWIRE) – Meiwu Technology Company Limited (NASDAQ: WNW) announced today that it 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.
Nasdaq’s determination of compliance followed the closing bid price of Meiwu’s Ordinary Shares remaining at or above $1.00 per share for ten consecutive business days, from December 6, 2024, to December 20, 2024. With this, Meiwu Technology is now in compliance with the rule, and the matter is closed.
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 encompasses an online platform for food product sales, a short message service (SMS) business, and a functional skincare business. Meiwu plans to continue exploring and implementing strategies to expand its business.
Safe Harbor Statement
Certain statements in this release are “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements, including those using terms such as “estimates,” “projected,” “expects,” and similar expressions, are not guarantees of future performance. They involve various known and unknown risks, uncertainties, and other factors, many beyond the company’s control, that could cause actual results to differ significantly from those discussed in the forward-looking statements. These factors include, but are not limited to, the ability to manage growth, acquire and integrate businesses, secure financing, and fluctuations in economic conditions. Risks also include those related to patents, intellectual property litigation, changes in the regulatory environment, and the potential impact of pandemics or epidemics. Further detailed information is available in the Company’s filings with the Securities and Exchange Commission at www.sec.gov. Meiwu Technology is not obligated to update any forward-looking statements, except as required by law, and the information is accurate only as of the date of this release.
Contact
Meiwu Technology Company Limited Xinliang Zhang Email: meiwuBS@usmeiwu.com
