U-BX Technology Ltd. Announced Receipt of Notification Letter from Nasdaq

Core Viewpoint - U-BX Technology Ltd. has received notifications from Nasdaq regarding non-compliance with listing requirements, specifically concerning the minimum closing bid price and market value of listed securities, but has been granted a compliance period to rectify these issues [1][2]. Group 1: Nasdaq Compliance Notifications - The company has been notified that its ordinary shares have been below the $1.00 minimum closing bid price requirement for 31 consecutive business days [1]. - Additionally, the company's market value of listed securities has been below the $35 million requirement for 30 consecutive business days [1]. - The company has a compliance period of 180 calendar days, until April 21, 2025, to regain compliance with both Nasdaq Listing Rules [2]. Group 2: Compliance Conditions - If the closing bid price reaches $1.00 or higher for ten consecutive business days during the compliance period, Nasdaq will confirm compliance [2]. - Similarly, if the market value of listed securities reaches $35 million or more for ten consecutive business days, compliance will also be confirmed [2]. - The company intends to actively monitor its share price and market value, evaluating options to regain compliance [3]. Group 3: Company Overview - U-BX Technology Ltd. is headquartered in Beijing and specializes in providing value-added services using AI-driven technology for the insurance industry [4]. - The company's services include digital promotion services, risk assessment services through its "Magic Mirror" algorithm, and bundled benefits for insurance carriers [4]. - The "Magic Mirror" algorithm calculates payout risks for auto insurance based on vehicle information, providing detailed risk assessments [4].