HONG KONG, March 26, 2025 — Samfine Creation Holdings Group Limited (the “Company”) has been notified by Nasdaq that it is no longer in compliance with the exchange’s minimum bid price requirement of $1 per share, as stipulated in Nasdaq Listing Rule 5550(a)(2). The notification follows a review of the Company’s closing bid price from February 6, 2025, to March 20, 2025.
Nasdaq has granted the Company a 180-day grace period, until September 22, 2025, to regain compliance. If the Company fails to meet the requirement within this period, it may be eligible for an additional 180 days if it meets market value and other listing standards, excluding the bid price. The Company would also need to notify Nasdaq of its intent to rectify the deficiency, potentially through a reverse stock split. However, Nasdaq may initiate delisting procedures if the Company is unable to demonstrate its ability to regain compliance or is otherwise ineligible.
The Company is currently exploring options to regain compliance with Nasdaq’s continued listing requirement and intends to do so in a timely manner. However, there is no guarantee that the Company will be able to regain compliance with Rule 5550(a)(2) or maintain compliance with other Nasdaq listing requirements.
Forward-Looking Statements
This announcement contains forward-looking statements, which are subject to risks and uncertainties. These statements are based on current expectations and projections regarding future events that may impact the Company’s financial condition, results, strategy, and needs. These statements can often be identified by terms such as “may”, “will”, “expect”, “anticipate”, “aim”, “estimate”, “intend”, “plan”, “believe”, “likely to”. The Company disclaims any obligation to update or revise these statements, except as required by law. While the Company believes these expectations are reasonable, it cannot guarantee their accuracy and advises investors that actual results may differ materially. Investors are encouraged to review other factors detailed in the Company’s SEC filings that may affect future performance.
For investor and media inquiries, please contact:
Samfine Creation Holdings Group Limited
Investor Relations Department
Email: info@sfhgus.com