![]() ![]() The Company expects to regain compliance with the Minimum Bid Price Requirement as a result of the Reverse Split however, the Company can give no assurance that it will obtain requisite shareholder approval at the Meeting to effect the Reverse Split. At the Meeting, the Company is seeking shareholder approval to consolidate every 22 ordinary shares of the Company in the authorized but unissued and in the authorized and issued share capital of the Company into one ordinary share with a nominal value of US$0.0001 per share (the "Reverse Split"). As previously announced, the Company has called an Extraordinary General Meeting of Shareholders to be held on Tuesday, Augat 10:00 a.m., Eastern time (subject to adjournment), for all holders of record as of the Jrecord date (the "Meeting"). The Company is addressing the delinquency and is preparing a plan to regain compliance within the 180 calendar day compliance period under Nasdaq rules. ![]()
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