SINGAPORE, Sept. 20, 2024 — Mobile-health Network Solutions (Nasdaq: MNDR) (“MaNaDr” or “the Company”), a leading Asia-Pacific telehealth provider, announced today that it received a notice from Nasdaq on September 18, 2024, informing the Company that the minimum bid price per share of its Class A ordinary shares (“Class A Ordinary Shares”) had been below $1.00 for 30 consecutive business days. This means the Company did not meet the minimum bid price requirement outlined in Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Rule”). This Nasdaq notification does not mean the Company’s Class A Ordinary Shares will be immediately delisted, and they will continue to trade as usual under the symbol “MNDR.”

According to Nasdaq Listing Rule 5810(c)(3)(A), the Company has a compliance period of 180 calendar days, extending to March 17, 2025 (the “Compliance Period”), to regain compliance with Nasdaq’s minimum bid price requirement. If, at any point during the Compliance Period, the closing bid price per share of the Company’s Class A Ordinary Shares reaches at least $1.00 for a minimum of 10 consecutive business days, Nasdaq will provide the Company with written confirmation of compliance, and the matter will be resolved.

If the Company fails to regain compliance by March 17, 2025, it may be eligible for an additional 180 calendar day grace period. To qualify, the Company must meet the continued listing requirement for the market value of publicly held shares and all other initial listing standards for the Nasdaq Capital Market, except for the bid price requirement. The Company will also need to provide written notice of its intent to address the deficiency during the second compliance period, which may include a reverse stock split if necessary. If the Company chooses to execute a reverse stock split, it must complete the split no later than ten (10) business days before March 17, 2025, or the end of the second compliance period if granted.

About Mobile-health Network Solutions

Ranked #41 in the Financial Times 2024 listing of 500 High-growth Asia-Pacific Companies, we are the first telehealth provider from the Asia-Pacific region to be listed in the US. Through our MaNaDr platform, we offer personalized and reliable medical attention to users worldwide. Our platform empowers our healthcare provider community to reach a broader audience through virtual clinics without any startup costs and the ability to connect with a global network of peer-to-peer support groups and partners. Our range of seamless and hassle-free telehealth solutions includes teleconsultation services, prescription fulfillment and other personalized services such as weight management programs and gender-specific care. For more information, please visit .

FORWARD-LOOKING STATEMENTS

Certain statements in this press release regarding future expectations, plans and prospects, as well as any other statements not based on historical facts, may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about the expected trading commencement and closing dates. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements contain these words. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause actual results to differ materially from the Company’s expectations outlined in these statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s ability to execute its strategies, manage growth and maintain its corporate culture; the Company’s future business development, financial conditions and results of operations; expectations regarding demand for and market acceptance of the Company’s products and services; changes in technology; economic conditions; the growth of the telehealth solutions industry in Singapore and the other international markets the Company plans to serve; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in Singapore and the international markets the Company plans to serve and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC. For these reasons, among others, investors are advised not to place undue reliance upon any forward-looking statements in this press release. Any forward-looking statements in this press release speak only as of the date of this release, and Mobile-health Network Solutions specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.

For media inquiries, please contact:

Mobile-health Network Solutions Investor Relations Contact:
2 Venture Drive, #07-06/07 Vision Exchange
Singapore 608526
(+65) 6222 5223
Email:

Investor Relations Inquiries:
Skyline Corporate Communications Group, LLC
Scott Powell, President
1177 Avenue of the Americas, 5^th Floor
New York, New York 10036
Office: (646) 893-5835
Email: info@skylineccg.com