Fenbo (US:FEBO) Globenewswireยท2025-09-16 13:15Core Viewpoint - Fenbo Holdings Limited has received a notification from Nasdaq indicating that it no longer meets the minimum bid price requirement for continued listing, with a compliance period until March 11, 2026, to regain compliance [1][2]. Group 1: Nasdaq Compliance Notification - The Company was notified by Nasdaq that it does not meet the minimum bid price requirement of $1 per share based on the closing bid price over the last 30 consecutive business days [1]. - Nasdaq has granted the Company a compliance period of 180 calendar days, ending on March 11, 2026, to regain compliance [2]. - If the Company fails to regain compliance within this period, it may be eligible for an additional 180 days if it meets other listing standards and provides written notice of its intention to cure the deficiency [2]. Group 2: Company's Response and Future Plans - The Company is currently evaluating options to regain compliance and intends to make reasonable efforts to meet Nasdaq's continued listing requirements [3]. - There is no assurance that the Company will successfully regain compliance with the Nasdaq listing rules [3]. Group 3: Company Background - Fenbo Holdings Limited was founded in 1993 and initially operated as a toy manufacturer before shifting focus to personal care electric appliances in 2005 [4]. - The manufacturing subsidiary, Fenbo Plastic Products Factory (Shenzhen) Ltd., was established in 2010 and has a production capacity of over three million units per year [4]. - The Company operates as both an original equipment manufacturer and has historically served as an original design manufacturer [4].