Hong Kong, Sept. 16, 2025 – Fenbo Holdings Limited (NASDAQ: FEBO) (“FEBO” or the “Company”), a well-established original equipment manufacturer (OEM) for Spectrum Brands, a global home essentials firm known for its “Remington” brand electrical hair styling products, announced today that on September 12, 2025, it was informed by the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) that it no longer satisfied the continued listing requirement stipulated by Nasdaq Listing Rules 5550(a)(2). This deficiency stemmed from the closing bid price of the Company’s ordinary shares remaining below the $1 per share minimum for the preceding 30 consecutive business days.
This notification does not immediately impact the listing or trading of the Company’s ordinary shares on Nasdaq. Nasdaq has granted Fenbo Holdings a compliance period of 180 calendar days, extending until March 11, 2026, to rectify this shortfall and meet the minimum bid price requirement. Should the Company fail to regain compliance within this initial period, it may qualify for an additional 180-calendar-day extension. Eligibility for this second period requires the Company to satisfy the market value of publicly held shares listing requirement and all other initial listing standards for The Nasdaq Capital Market (excluding the bid price rule), and to submit written confirmation of its plan to address the deficiency, potentially through a reverse stock split, if needed, during the extended period. Conversely, if the Company appears unlikely to resolve the deficiency, or does not otherwise meet the criteria for an extension, Nasdaq will issue a delisting notice for the Company’s securities.
The Company is actively assessing various strategies to regain compliance and fully intends to meet Nasdaq’s continued listing requirement within the stipulated timeframe. While Fenbo Holdings commits to employing all reasonable endeavors to comply with Rule 5550(a)(2), there is no absolute guarantee that the Company will successfully regain compliance with this particular rule or fulfill any other Nasdaq continued listing obligations.
About Fenbo Holdings Limited
Fenbo Holdings Limited traces its operational roots back to 1993, when Fenbo Industries Limited was established in Hong Kong by Mr. Li Kin Shing, initially operating as a toy manufacturer and distributor. Following a decline in the toy market, Mr. Li founded Able Industries Limited in Hong Kong in 2005, transitioning operations towards the manufacturing and sales of personal care electric appliances. Its manufacturing arm, Fenbo Plastic Products Factory (Shenzhen) Ltd., located in Guangdong, PRC, was formed in 2010 and boasts an annual production capacity exceeding three million units. The Company currently functions as an original equipment manufacturer and has historically also operated as an original design manufacturer. For additional details, please visit the Company’s website at .
Forward-Looking Statements
This press release includes statements that are forward-looking in nature. These statements are offered pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Any statements that do not represent historical facts, including those concerning the Company’s future beliefs and expectations, are considered forward-looking. Such statements inherently involve risks and uncertainties, and various factors could lead actual outcomes to diverge significantly from those projected in any forward-looking statement. Terms such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or similar expressions often identify forward-looking statements. The Company may also issue written or verbal forward-looking statements in its reports filed with or submitted to the U.S. Securities and Exchange Commission, in its annual shareholder reports, in other press releases and written materials, and in verbal communications by its officers, directors, or employees to external parties. These statements are susceptible to uncertainties and risks, including, but not limited to, the Company’s objectives and strategic plans; its future business growth; financial health and operational performance; market demand and acceptance for its products and services; its reputation and brand standing; competitive pressures and pricing strategies; technological advancements; governmental regulations; shifts in overall economic and business conditions across the U.S., Hong Kong, and China; assumptions underpinning or related to any of the aforementioned points; and other risks detailed in reports the Company has filed with the SEC. Consequently, investors are cautioned against placing undue reliance on any forward-looking statements presented in this press release. Further factors are elaborated in the Company’s SEC filings, accessible for review at . The Company disclaims any obligation to publicly update these forward-looking statements to reflect events or circumstances occurring after the date of this release.
For further inquiries, please contact:
Fenbo Holdings Limited
Huang Hongwu
Chief Executive Officer and Chairman of the Board of Directors
Telephone: +(852) 2343-3328
Email:
