Haoxin Holdings Limited Receives Nasdaq Notification Regarding Minimum Bid-Price Requirement

Core Viewpoint - Haoxin Holdings Limited has received a notification from Nasdaq regarding non-compliance with the Minimum Bid Price Requirement due to its Class A ordinary shares trading below US$1.00 for 31 consecutive business days [1][2]. Compliance Status - The closing bid price of the Company's Class A ordinary shares was below US$1.00 from October 30, 2025, to December 12, 2025 [2]. - The Company has a 180-calendar-day compliance period, ending on June 15, 2026, to regain compliance by maintaining a closing bid price of at least US$1.00 for a minimum of 10 consecutive business days [2][3]. Options for Compliance - If the Company does not regain compliance within the initial period, it may be eligible for an additional 180-calendar-day compliance period, provided it meets other continued listing requirements and notifies Nasdaq of its intention to cure the deficiency [3]. - The Company is considering options such as a reverse stock split to regain compliance with the Minimum Bid Price Requirement [4]. Company Overview - Haoxin Holdings Limited provides temperature-controlled truckload transportation and urban delivery services in China, focusing on factory logistics for various goods including electronic devices, chemicals, and food [5]. - The Company's transportation network covers 30 out of 34 provinces and autonomous regions in China [5].