On May 26, 2026, FCHL Receives Nasdaq Deficiency Notice

(SeaPRwire) –   SINGAPORE, May 29, 2026 — On May 26, 2026, Fitness Champs Holdings Limited (“Fitness Champs Holdings”, “FCHL” or the “Company”) (NASDAQ: FCHL), a leading aquatic sports education provider in Singapore, was notified via a letter from The Nasdaq Stock Market LLC (“Nasdaq”) that it fails to comply with Nasdaq Listing Rule 5550(b)(1). This is due to two factors: (i) the Company’s stockholders’ equity totaled $598,490 as of December 31, 2025, as reported in its Annual Report on Form 10-K for the fiscal year ended December 31, 2025, which fell short of the $2,500,000 minimum stockholders’ equity requirement, and (ii) as of May 26, 2026, the Company did not meet the alternative standards of either listed securities market value or net income from continuing operations to satisfy Nasdaq Listing Rule 5550(b)(1). Following the funding raised through a financing completed in May 2026, the Company believes it now meets the stockholders’ equity requirements of Nasdaq Listing Rule 5550(b)(1); however, the final ruling on compliance will be subject to Nasdaq’s review and approval.

Nasdaq’s correspondence will not have an immediate impact on the trading of the Company’s ordinary shares, which will remain listed and traded on the Nasdaq Capital Market, provided the Company adheres to its other ongoing listing obligations. The letter grants the Company 45 calendar days, or until July 10, 2026, to either confirm its compliance or submit a plan to regain compliance. If the Company is not deemed to have restored compliance and instead submits a plan to regain compliance that is approved by Nasdaq, the firm may be given up to 180 calendar days from May 26, 2026 (or until November 20, 2026) to prove it meets the listing requirements. Should Nasdaq reject the submitted plan, or if the plan is approved but the Company fails to regain compliance within the allotted timeframe, the Company will have the right to a hearing before an independent panel in accordance with the procedures outlined in the applicable Nasdaq Listing Rules. That said, there is no guarantee that an appeal of any Nasdaq delisting determination to a panel will be successful.

While the Company is confident it now meets the relevant requirements, if Nasdaq determines it remains non-compliant, the firm will take all reasonable measures available under the Nasdaq Listing Rules to restore compliance and maintain its Nasdaq listing. The Company is currently evaluating its available options to achieve compliance with Nasdaq Listing Rule 5550(b)(1), and intends to submit evidence of its compliance by the deadline set by Nasdaq. If that evidence is not accepted, the Company will then submit a plan to regain compliance by the required deadline. However, there can be no assurance that Nasdaq will find the Company in compliance, that the Company’s compliance plan will be approved, that the firm will successfully regain compliance with Nasdaq Listing Rule 5550(b)(1), that it will maintain compliance with all other Nasdaq listing requirements, or that any appeal of a potential delisting decision will be successful.

About Fitness Champs Holdings Limited

Fitness Champs Holdings Limited is a leading aquatic sports education provider based in Singapore, offering general swimming lessons for children and adults, including ladies-only swimming classes, as well as aquatic sports courses such as competitive swimming and lifesaving training. The Company is one of the largest providers of swimming lessons to children enrolled in Singapore public schools through the SwimSafer program administered by the Singapore Ministry of Education, and has been offering private swimming lessons to children, young people and adults under its “Fitness Champs” brand since 2012. The Company’s goal is to make swimming an enjoyable and affordable sport for children and adults, supporting water safety and overall physical fitness and health. Fitness Champs also plans to expand into a diversified sports education provider by adding other sports offerings such as pickleball. For more information, please visit the Company’s website at https://ir.fitnesschamps.sg/.

For investor and media inquiries, please reach out to:

Email: ir@fitnesschampsaquatics.com