Haoxin Holdings Limited (Nasdaq: HXHX) (“Haoxin” or the “Company”) announced today from Ningbo, Zhejiang, China, that it received a notice on December 15, 2025, from The Nasdaq Stock Market LLC (“Nasdaq”) stating that the Company fails to meet the Minimum Bid Price Requirement under Nasdaq Listing Rule 5550(a)(2).
The notice was sent due to the closing bid price of the Company’s Class A ordinary shares remaining under US$1.00 per share for 31 straight business days between October 30, 2025, and December 12, 2025. This announcement is being made in accordance with Nasdaq Listing Rule 5810(b), mandating immediate public disclosure upon receiving a deficiency notice. The Nasdaq notice does not immediately impact the listing status of the Company’s Class A ordinary shares, which will keep trading on The Nasdaq Capital Market under the ticker “HXHX.”
Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company is granted a 180-calendar-day compliance window, concluding on June 15, 2026, to restore compliance with the Minimum Bid Price Requirement. To achieve compliance, the closing bid price of the Company’s Class A ordinary shares needs to reach at least US$1.00 for no fewer than 10 consecutive business days at any point during this timeframe. Upon meeting this requirement, Nasdaq will issue written verification of compliance, resolving the issue.
Should the Company fail to restore compliance within the initial compliance period, it may qualify for a further 180-calendar-day extension. To be eligible for this additional period, the Company must satisfy all continued listing standards for The Nasdaq Capital Market (excluding the bid-price requirement) and submit written notification of its plan to remedy the bid price shortfall during the second compliance period, potentially through executing a reverse stock split.
The Company plans to closely track the closing bid price of its Class A ordinary shares and is evaluating all possible strategies to restore compliance with the Minimum Bid Price Requirement and preserve its Nasdaq listing. Among these strategies, the Company may consider implementing a reverse stock split.
About Haoxin Holdings Limited
Haoxin Holdings Limited delivers temperature-controlled truckload transportation and urban delivery solutions across China. The Company chiefly operates transportation services utilizing its fleet of large and medium-sized temperature-controlled logistics trucks, while also providing urban delivery services via medium-sized vans for clients requiring short-range, within-city shipments. The Company’s cargo primarily centers on factory logistics, encompassing electronic equipment, chemicals, produce, food items, and general merchandise. Haoxin Holdings Limited’s service network spans 30 of China’s 34 provinces and autonomous regions. Additional details are available on the Company’s website at .
Cautionary Note Regarding Forward-Looking Statements
This announcement includes “forward-looking statements” as defined under Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements differ from historical facts and include, but are not limited to, statements concerning the Company’s goals, strategies, and capacity to achieve compliance with Nasdaq’s ongoing listing standards, including any prospective reverse stock split. Forward-looking statements entail recognized and unrecognized risks, uncertainties, and other elements, many beyond the Company’s control, that could cause actual outcomes to vary significantly from those anticipated or implied in such statements. These risks and uncertainties involve, without limitation, the Company’s capability to effectively execute its compliance strategies and external market conditions. The Company assumes no duty to revise any forward-looking statements, unless legally obligated.
For additional details, please reach out to:
Haoxin Holdings Limited
Investor Relations
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