SINGAPORE, Dec. 16, 2024 — JBDI Holdings Limited (Nasdaq: JBDI) announced today that it received a notification from Nasdaq on December 12, 2024, indicating non-compliance with the minimum $1.00 bid price requirement for continued listing of its ordinary shares on the Nasdaq Capital Market. The notification gives JBDI 180 days, until June 10, 2025, to achieve a closing bid price of $1.00 or more for ten consecutive business days.

This notification doesn’t immediately affect the listing of JBDI’s ordinary shares, which continue to trade under the symbol “JBDI”. The company will monitor the share price and may explore options to regain compliance, potentially including a reverse stock split. Failure to regain compliance by the deadline may result in a 180-day extension, as per Nasdaq rules.

About JBDI Holdings Limited
JBDI Holdings Limited is a leading provider of eco-friendly and efficient drum and container revitalization, reconditioning, and recycling services in Singapore and Southeast Asia. With almost four decades of experience, JBDI Holdings offers reconditioned steel and plastic drums, new containers, and related services, committed to zero environmental impact and optimized resource use for its customers. For more information, please visit .

Investor Relations Contact:
Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email: 

Forward-Looking Statements

This announcement includes forward-looking statements, subject to risks and uncertainties. These statements reflect current expectations and projections about future events that may impact the company’s financial condition, results, strategy, and financial needs. Such statements often include words like “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,” and “continue.” The company is not obligated to update these statements unless legally required. While the company believes these statements are reasonable, actual results may differ significantly. Investors should review the company’s registration statement and SEC filings for further information available at .

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