Primega Group Holdings Resolves Nasdaq Listing Issue “`

HONG KONG, Nov. 30, 2024 — On November 21, 2024, Primega Group Holdings Limited (Nasdaq: PGHL) (“Company”) received a notification from Nasdaq Listing Qualifications Staff of Nasdaq Stock Market LLC (“Nasdaq”) regarding outstanding fees under Nasdaq Listing Rule 5900 Series. This non-payment triggered a potential delisting, as per Nasdaq Listing Rule 5250(f), which mandates the payment of all applicable fees. Nasdaq’s notice indicated that failure to comply would result in delisting from Nasdaq Capital Market, with shares suspended on December 3, 2024, unless an appeal was filed.

The Company fully repaid the outstanding fees on November 26, 2024. Subsequently, on November 27, 2024, Nasdaq confirmed that, subject to required disclosures (including this press release), the matter was resolved.

The Company is now compliant with Nasdaq Listing Rule 5250(f).

Trading of the Company’s shares remains unaffected.

The delisting notification does not affect the Company’s business operations or financial standing. We remain committed to growth. Neither the Company nor its subsidiaries face further disciplinary action from Nasdaq.

PRIMEGA GROUP HOLDINGS LIMITED

About Primega Group Holdings Limited

Primega Group Holdings Limited provides environmentally conscious transportation services for construction and demolition materials, reducing waste. Operating through a Hong Kong subsidiary, the Company works in the construction industry, primarily handling transportation from construction sites. Services include soil and rock transportation, diesel oil trading, and construction works (excavation, lateral support, and bored piling). The Company typically acts as a subcontractor to other Hong Kong construction firms.

Forward-Looking Statements

This press release contains forward-looking statements involving known and unknown risks and uncertainties. These statements are based on current expectations and projections about future events that may affect the Company’s financial condition, results, strategy, and needs. Words like “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may,” and similar expressions often identify such statements. The Company disclaims any obligation to update these forward-looking statements, except as required by law. While the Company believes these expectations are reasonable, actual results could differ materially. Investors should refer to the Company’s SEC filings for additional information affecting future results.

For investor and media inquiries, please contact:

Company Info
Primega Group Holdings Limited
Man Siu Ming, Director and Chairman of the Board
msm@primegagroup.com
+852 3997 3682

Investor Relationship
HBK Strategy Limited
Katy Chan, Director
ir@hbkstrategy.com
+852 2498 3681

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