JE Cleantech Holdings Limited Announces Renewed Compliance with Offer Price Requirement to Continue Listing on Nasdaq

JE Cleantech Holdings Limited

SINGAPORE, Aug. 29, 2024 (GLOBE NEWSWIRE) — JE Cleantech Holdings Limited (Nasdaq: JCSE), a manufacturer of precision cleaning and cleantech equipment, announced that it received a letter (the “Compliance Letter”) on August 27, 2024 from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”). The Compliance Letter informed the Company that it had regained compliance with Nasdaq’s bid price requirement (the “Bid Price Requirement”) in Listing Rule 5550(a)(2) as required by the Hearing Panel’s (the “Panel”) decision dated July 15, 2024. Accordingly, the Company’s common shares will remain listed on The Nasdaq Capital Market and Nasdaq considers the matter closed.

“We are pleased that the Company has again met the Bid Price Requirement, as we recognize the value of the Nasdaq listing to our shareholders and intend to continue to meet the Bid Price Requirement,” said Ms. HONG Bee Yin, CEO and Founder of JE Cleantech.