NCI Rallies Back: Nasdaq Compliance Regained

About this update from Neo-concept International Group Holdings Limited

[{"type":"text","content":"HONG KONG, July 02, 2025 (GLOBE NEWSWIRE) -- Neo-Concept International Group Holdings Limited (Nasdaq: NCI) (the “Company”) is pleased to announce that it has successfully regained compliance with Nasdaq Listing Rule 5550(a)(2) as of July 1, 2025 – well ahead of the final deadline.","length":282,"tagName":"p"},{"type":"text","content":"This milestone follows a notification from Nasdaq dated July 8, 2024, stating that the Company’s Class A Ordinary Shares had failed to maintain the minimum required bid price of $1.00 per share over a consecutive 30-business-day period, as stipulated by Nasdaq Listing Rule 5550(a)(2). In response, the Company applied for and was granted extension by Nasdaq to regain compliance by July 7, 2025.","length":396,"tagName":"p"},{"type":"text","content":"On July 1, 2025, the Company received official notification from Nasdaq that it had met the minimum bid price requirement and had regained compliance with Listing Rule 5550(a)(2). The matter is now considered closed.","length":216,"tagName":"p"},{"type":"text","content":"NCI reaffirms its commitment to strong corporate governance and regulatory compliance and expresses its sincere gratitude to its shareholders, partners and the broader investment community for their continued trust and support.","length":227,"tagName":"p"},{"type":"text","content":"- END -","length":7,"tagName":"p"},{"type":"text","content":"About Neo-Concept International Group Holdings Limited","length":54,"tagName":"p"},{"type":"text","content":"Neo-Concept International Group Holdings Limited (“NCI”) is a one-stop apparel solution services provider. It offers a full suite of services in the apparel supply chain, including market trend analysis, product design and development, raw material sourcing, production and quality control, and logistics management serving customers located in the European and North American markets. It also sells its own branded apparel products under the brand “Les100Ciels” through retail stores in UK as well as the e-commerce platform www.les100ciels.com.","length":546,"tagName":"p"},{"type":"text","content":"NCI is dedicated to minimizing its environmental footprint by implementing various eco-friendly practices. It prioritizes recycling, clean processes, and traceable sourcing as part of its commitment to reducing environmental impact. Additionally, NCI ac...

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