HONG KONG, Jan. 08, 2025 — Neo-Concept International Group Holdings Limited (Nasdaq: NCI) announced that Nasdaq granted it a 180-day extension, until July 7, 2025, to meet the minimum $1 per share bid price requirement (Nasdaq Listing Rule 5550(a)(2)).
Failure to achieve compliance by July 7, 2025, will result in Nasdaq issuing a delisting notice, allowing the Company to appeal to a Hearings Panel.
NCI is currently evaluating strategies to regain compliance and remains committed to meeting Nasdaq’s listing requirements. While it will make every reasonable effort, compliance is not guaranteed.
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About Neo-Concept International Group Holdings Limited
Neo-Concept International Group Holdings Limited (“NCI”) provides comprehensive apparel solutions, encompassing market analysis, design, sourcing, production, quality control, and logistics for European and North American clients. It also markets its “Les100Ciels” brand through UK retail stores and e-commerce.
NCI is dedicated to sustainable practices, prioritizing recycling, clean processes, and traceable sourcing to minimize its environmental impact throughout the garment production process.
SAFE HARBOR STATEMENT
This announcement contains forward-looking statements involving risks and uncertainties, based on current expectations about future events impacting financial condition, results, strategy, and needs. Such statements, often including words like “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,” “continue,” or similar expressions, are not guarantees. The Company is not obligated to update these statements, except as required by law. While the Company believes these expectations are reasonable, actual results could differ significantly. Investors should review the Company’s SEC filings for additional information.
Enquiries:
Neo-Concept International Group Holdings Limited Investor Relations Contact:
10/F, Seaview Centre
No.139-141 Hoi Bun Road
Kwun Tong, Kowloon, Hong Kong
(+852) 2798-8639
Email:
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