Hong Kong, Oct. 22, 2025 – Raytech Holding Limited (NASDAQ: RAY), a Hong Kong-headquartered company specializing in the design, sourcing, and wholesale of personal care electrical appliances for international brand owners, announced today that it received a letter from The Nasdaq Stock Market LLC (“Nasdaq”) on October 14, 2025. The notification informed the Company that, based on the closing bid price of its ordinary shares for the past 30 consecutive business days, it no longer meets Nasdaq’s continued listing requirement to maintain a minimum bid price of $1 per share, as per Nasdaq Listing Rule 5550(a)(2).
This notification has no immediate impact on the listing or trading of the Company’s ordinary shares on Nasdaq. Raytech has been granted a 180-calendar-day compliance period, expiring on April 13, 2026, to regain adherence to Nasdaq’s continued listing requirement. Should the Company not regain compliance within this period, it may be eligible for an additional 180 calendar days if it satisfies the continued listing requirement for the market value of publicly held shares, all other initial listing standards for The Nasdaq Capital Market (excluding the bid price rule), and provides written notice of its intent to cure the deficiency, potentially through a reverse stock split, during the second compliance period. However, if it becomes evident that the Company cannot rectify the deficiency, or if it is otherwise ineligible, Nasdaq will issue a notice indicating that the Company’s securities will be subject to delisting.
The Company is currently assessing options to regain compliance and intends to do so promptly with Nasdaq’s continued listing requirement. While Raytech will exert all reasonable efforts to comply with Rule 5550(a)(2), there can be no assurance that it will successfully regain compliance with this rule or remain compliant with other Nasdaq continued listing requirements.
About Raytech Holding Limited
Raytech Holding Limited, a Hong Kong-headquartered company, boasts over 10 years of experience in the personal care electrical appliance industry. Through its operating subsidiary in Hong Kong, it engages in the sourcing and wholesale of a diverse array of personal care electrical appliances, including hair styling tools, trimmers, eyelash curlers, neck care, nail care, and other body and facial care devices, for international brand owners. The Company offers integrated product design, production processing, and manufacturing solutions. For more information please visit:
Forward-Looking Statements
This press release contains forward-looking statements made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements, which are not historical facts and include the Company’s beliefs and expectations, involve inherent risks and uncertainties. Various factors could cause actual results to differ materially from those contained in any forward-looking statement. Forward-looking statements can sometimes be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” or “is/are likely to,” or similar expressions. The Company may also issue written or oral forward-looking statements in its reports filed with, or furnished to, the U.S. Securities and Exchange Commission, in annual reports to shareholders, in press releases, other written materials, and in oral statements by its officers, directors, or employees to third parties. These statements are subject to uncertainties and risks including, but not limited to: the Company’s goals and strategies; its future business development; financial condition and results of operations; product and service demand and acceptance; reputation and brand; the impact of competition and pricing; changes in technology; government regulations; fluctuations in general economic and business conditions in the U.S., Hong Kong, and China, and assumptions underlying or related to any of the foregoing; and other risks outlined in reports filed by the Company with the SEC. For these reasons, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances arising after the date hereof.
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International Elite Capital Inc.
Annabelle Zhang
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Email: management@iecapitalusa.com
