JBDI HOLDINGS LIMITED ANNOUNCES RECEIPT OF NASDAQ NOTIFICATION LETTER REGARDING MINIMUM BID PRICE DEFICIENCY

Core Points - JBDI Holdings Limited received a delinquency notification from Nasdaq for not meeting the $1.00 minimum bid price requirement for its ordinary shares [1][2] - The company has until June 10, 2025, to regain compliance by maintaining a closing bid price of at least$1.00 for ten consecutive business days [1][2] - The notification does not immediately affect the trading of JBDI's ordinary shares, which continue to trade under the symbol "JBDI" [2] Company Overview - JBDI Holdings Limited specializes in environmentally friendly products and services, focusing on the revitalization, reconditioning, and recycling of drums and related containers in Singapore and Southeast Asia [3] - The company has nearly four decades of industry experience and is known for its quality and reliability in providing reconditioned steel and plastic drums, new containers, and ancillary services [3] - JBDI's mission is to help customers achieve a zero environmental impact footprint while optimizing resource allocation and reducing costs [3]