Intelligent living application group inc. announces receipt of nasdaq notification regarding minimum bid price deficiency

Hong kong , oct. 20, 2023 /prnewswire/ -- intelligent living application group inc. (nasdaq: ilag) ("intelligent living" or the "company"), a premium lockset manufacturer in hong kong, announced today that, on october 19, 2023, the company received a letter from the nasdaq stock market ("nasdaq") notifying the company that, because the closing bid price for the company's ordinary shares listed on nasdaq was below $1.00 for 30 consecutive trading days, the company no longer meets the minimum bid price requirement for continued listing on nasdaq under nasdaq marketplace rule 5550(a)(2), which requires a minimum bid price of $1.00 per share (the "minimum bid price requirement"). the notification has no immediate effect on the listing of the company's ordinary shares.
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