New Century Logistics Regains Nasdaq Compliance

New Century Logistics (BVI) Limited (hereinafter referred to as "New Century" or the "Company"), a company listed on the NASDAQ, announced that it has regained compliance with the minimum bid price requirement for continued listing on The Nasdaq Stock Market LLC ("Nasdaq").

On August 12, 2025, the Company received a written notification from the Nasdaq Listing Qualifications staff, informing the Company that its ordinary shares had failed to maintain a minimum bid price of $1.00 over the previous 30 consecutive business days as required by the Listing Rules of The Nasdaq Stock Market.

Since then, the Company has taken active measures to address this issue and has successfully regained compliance. Specifically, for the 12 consecutive business days, from November 14, 2025 to December 2, 2025, the closing bid price of the Company's ordinary shares has been at $1.00 per share or greater. Accordingly, Nasdaq has formally notified the Company on December 3, 2025 that it has regained compliance with Listing Rule 5550(a)(2), and this matter is now closed.