Nasdaq Staff Issues Delisting Determination for Oriental Rise

(SeaPRwire) –   NINGDE, China, April 20, 2026 — Oriental Rise Holdings Limited (NASDAQ: ORIS), an integrated tea supplier in mainland China, also referred to as “Oriental Rise” or “the Company,” announced today that it received a staff determination letter (the “Determination Letter”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) on April 15, 2026. This letter informed the Company of Nasdaq’s decision to delist its ordinary shares from The Nasdaq Capital Market.

As per the Determination Letter, Nasdaq concluded that the closing bid price of the Company’s listed securities had remained below $1.00 per share for the preceding 30 consecutive business days. Consequently, the Company is no longer in compliance with Nasdaq Listing Rule 5550(a)(2), which mandates a minimum bid price of $1.00 per share for listed securities.

Nasdaq further communicated that, because the Company executed a 1-for-20 reverse stock split on December 30, 2025, it is ineligible for the 180-calendar day compliance period that would otherwise be available under Nasdaq Listing Rule 5810(c)(3)(A).

Nasdaq has informed the Company that, unless a hearing before a Nasdaq Hearings Panel is requested by April 22, 2026, trading in the Company’s ordinary shares will be suspended at the commencement of business on April 24, 2026. Following this, Nasdaq will file a Form 25-NSE with the U.S. Securities and Exchange Commission to remove the Company’s securities from listing and registration on The Nasdaq Stock Market.

The Company intends to promptly request a hearing before the Nasdaq Hearings Panel. This hearing request will temporarily halt the suspension of the Company’s securities and the filing of the Form 25-NSE, pending the Panel’s decision. Oriental Rise is currently assessing its options and plans to present a strategy to regain compliance with Nasdaq’s ongoing listing requirements.

There is no guarantee, however, that the Hearings Panel will approve the Company’s request for continued listing or that the Company will successfully re-establish compliance with the applicable continued listing requirements.

About Oriental Rise Holdings Limited (NASDAQ: ORIS)

Oriental Rise Holdings Limited operates as an integrated supplier of tea products across mainland China. Its primary tea offerings include both primarily-processed white and black teas, as well as refined white and black teas. The Company’s business model is vertically integrated, encompassing tea cultivation, the processing of tea leaves, and the sale of tea products to various tea business operators, such as wholesale distributors, and directly to end-user retail customers in mainland China. The Company manages tea gardens located in Zherong County, Ningde City, Fujian Province, mainland China.

Forward-Looking Statements

This announcement contains certain forward-looking statements, including, without limitation, declarations regarding the Company’s intention to request a hearing before the Nasdaq Hearings Panel, its plans to regain compliance with Nasdaq’s continued listing requirements, and the potential outcome of any hearing process. These forward-looking statements are subject to known and unknown risks and uncertainties and are based on the Company’s current expectations and projections concerning future events that Oriental Rise believes may impact its financial condition, operational results, business strategy, and financial needs. Terms such as “believes,” “expects,” “intends,” “plans,” “may,” “will,” and similar expressions are used to identify forward-looking statements.

The Company disclaims any obligation to update or revise any forward-looking statements, except as required by applicable law. Investors are cautioned that actual results may differ materially from those described in the forward-looking statements.

For investor and media inquiries, please contact:

Oriental Rise Holdings Limited
Investor Relations Department
Email: ir@mdhtea.cn