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TDH Holdings, Inc. Announces Receipt of Nasdaq Notice Regarding Board and Audit Committee Composition Requirements
BEIJING, March 18, 2026 /PRNewswire/ -- TDH Holdings, Inc. (NASDAQ: PETZ) ("TDH" or the "Company"), a PRC-based company that is an owner, operator and manager
About this update from Tdh Holdings, Inc.
[{"type":"text","content":"BEIJING, March 18, 2026 /PRNewswire/ -- TDH Holdings, Inc. (NASDAQ: PETZ) (\"TDH\" or the \"Company\"), a PRC-based company that is an owner, operator and manager of commercial real estate properties, announced that it has received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (\"Nasdaq\") notifying the Company that it is not in compliance with Nasdaq's independent director and audit committee requirements as set forth in Listing Rule 5605. This press release is issued pursuant to Nasdaq Listing Rule 5810(b), which requires disclosure of receipt of a deficiency notification. The notification has no immediate effect on the listing of the Company's common shares, which will continue to trade uninterrupted on Nasdaq under the ticker \"PETZ.\"\nOn March 11, 2026, the Company notified Nasdaq that, due to the resignation of Qiu Li from the Company's Board and its committees effective as of March 11, 2026, the Company was no longer in compliance with Nasdaq Listing Rule 5605(b)(1), requiring that a majority of the Board consist of independent directors, and Nasdaq Listing Rule 5605(c)(2)(A), requiring that the Audit Committee consist of at least three independent board members. On March 13, 2026, the Company received a notice from the Listing Qualifications Department of Nasdaq that the Company no longer complies with Nasdaq's independent director and audit committee requirements as set forth in Listing Rule 5605, and confirming the availability of the cure period under Nasdaq Listing Rule 5605(b)(1)(A) and Nasdaq Listing Rule 5605(c)(4), permitting the Company to regain compliance with Nasdaq Listing Rule 5605(b)(1) and Nasdaq Listing Rule 5605(c)(2)(A) by the earlier of the Company's next annual meeting of stockholders or March 11, 2027, or, if the next annual meeting of stockholders is held before September 8, 2026, then the Company must evidence compliance no later than September 8, 2026.The Company intends to regain compliance as soon as possible, and within the cure periods provided under Nasdaq Listing Rule 5605(b)(1)(A) and Nasdaq Listing Rule 5605(c)(4), by appointing an additional independent director of the Company to fill the vacancy on the Company's Board and its Audit Committee, Compensation Committee, and Nominating and Corporate Governance Committee.About TDH Holdings, Inc.Founded in...