Everbright Digital Holding Limited Receives Nasdaq Notice of Minimum Bid Price Non-Compliance

August 31, 2025 by No Comments

HONG KONG, Aug. 29, 2025 — Everbright Digital Holding Limited (the “Company” or “Everbright”) (Nasdaq: EDHL), an integrated marketing solutions provider based in Hong Kong, announced that on August 25, 2025, it received a written notification (the “Notification Letter”) from the Nasdaq Stock Market LLC (“Nasdaq”). This letter informed the Company of its non-compliance with Nasdaq Listing Rule 5550(a)(2), which mandates that companies on the Nasdaq Capital Market maintain a minimum bid price of at least $1 per share for continued listing.

The Notification Letter stated that for the preceding 30 consecutive business days, the closing bid price per share for the Company’s common stock fell below the $1.00 requirement for continued listing under Nasdaq Listing Rule 5550(a)(2). This press release is issued in accordance with Nasdaq Listing Rule 5810(b), which requires prompt disclosure of any deficiency notification received.

At present, the Notification Letter does not have any immediate impact on the Company’s listing on the Nasdaq Capital Market.

In compliance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been granted a period of 180 calendar days, extending until February 23, 2026, to regain compliance. Should the closing bid price per share of the Company’s common stock reach at least $1.00 for a minimum of 10 consecutive business days at any point during this Compliance Period, Nasdaq will issue a written confirmation of compliance to the Company, thereby closing the matter.

If the Company fails to regain compliance by February 23, 2026, it may be eligible for an additional 180-calendar-day period to do so. To qualify for this extension, the Company must satisfy the continued listing requirement for the market value of publicly held shares and all other initial listing standards for the Nasdaq Capital Market, with the exception of the bid price requirement. Furthermore, it will need to provide written notice of its intention to remedy the deficiency during the second compliance period, potentially through a reverse stock split if deemed necessary. Should the Company opt for a reverse stock split, it must be completed no later than ten business days prior to the expiration of the second compliance period.

The Company’s business operations remain unaffected by the receipt of the Notification Letter. Everbright is actively monitoring the bid price of its ordinary shares and is exploring various options to regain compliance and maintain its continued listing on the Nasdaq Capital Market. The Company aims to meet and sustain the minimum bid price of at least $1 per share for a minimum of ten consecutive business days as soon as practically possible.

About Everbright Digital Holding Limited

Everbright Digital Holding Limited is an integrated marketing solutions provider headquartered in Hong Kong. The Company conducts all its operations in Hong Kong through its operating subsidiary, Hong Kong United Metaverse Limited. As an integrated marketing solutions provider in Hong Kong, the Company is deeply engaged in the metaverse and related technologies, offering comprehensive digital marketing services to support businesses throughout their development lifecycle. These services include metaverse stimulation, virtual reality (VR) and augmented reality (AR) design and creation, creative event planning and management, IP character creation, and social media marketing.

For additional details, please visit the Company’s website: https://umeta.hk/.

Forward-Looking Statements

Certain statements contained within this announcement constitute forward-looking statements. These forward-looking statements inherently involve known and unknown risks and uncertainties. They are founded on the Company’s current expectations and projections concerning future events that the Company believes could impact its financial condition, operational results, business strategy, and financial requirements. Investors can identify many, though not all, of these statements by the use of words such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may,” or other similar expressions in this prospectus. The Company assumes no obligation to publicly update or revise any forward-looking statements to reflect subsequent events, changing circumstances, or alterations in its expectations, except as mandated by law. While the Company believes that the expectations conveyed in these forward-looking statements are reasonable, it cannot guarantee their accuracy. The Company advises investors that actual results may differ materially from anticipated outcomes and encourages investors to review other factors that could influence its future results as detailed in the Company’s registration statement and other filings with the SEC.

For investor and media inquiries, please contact:

Everbright Digital Holding Limited

Leung Chun Yip, CEO

Email: michael@umeta.hk