Hongli Group Inc. Announces Compliance with Nasdaq Minimum Bid Price Requirement

Core Viewpoint - Hongli Group Inc. has regained compliance with Nasdaq's minimum bid price requirement, allowing it to continue its listing on The Nasdaq Capital Market [1][2]. Group 1: Compliance with Nasdaq Requirements - On October 3, 2025, Hongli Group received a notification from Nasdaq confirming compliance with the minimum bid price requirement of $1.00 per share, as the company's ordinary shares traded at or above this price for 12 consecutive business days from September 16 to October 1, 2025 [1]. - The company had previously received a deficiency letter on July 10, 2025, indicating non-compliance based on the closing bid price over a 30-day period from May 27 to July 9, 2025 [2]. - The company was granted a compliance period of 180 calendar days from the date of the deficiency letter, with the deadline set for January 6, 2026, to regain compliance [2]. Group 2: Company Overview - Hongli Group Inc. is a Cayman Islands holding company that consolidates the financial results of Shandong Hongli Special Section Tube Co., Ltd. and its subsidiaries, known as the Hongli Operating Group [3]. - The Hongli Operating Group specializes in manufacturing cold roll formed steel profiles for various sectors, including mining, construction, agriculture, and transportation, with over 20 years of operational history [3]. - The company operates 11 cold roll forming production lines and has established a customer base in over 30 major cities in China, as well as a global network that includes South Korea, Japan, the U.S., and Sweden [3].