Baiyu holdings files nasdaq delisting appeal notice and advances recently announced projects

Shenzhen, china , oct. 8, 2024 /prnewswire/ -- baiyu holdings, inc. (nasdaq: byu) (the "company" or "baiyu"), a leading b2b bulk commodity e-commerce platform and supply chain service provider, today announced that it has filed timely a formal notice of appeal to a hearings panel of a nasdaq stock market listing qualifications staff's determination to delist the company's securities from nasdaq pursuant to nasdaq listing rules 5101 and im-5101-1. following the receipt of notification from nasdaq on october 4th, baiyu determined to appeal the decision and intends to maintain that the staff did not consider all relevant facts in making its delisting decision.
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