HONG
KONG, Aug. 29, 2024 /PRNewswire/ -- ICZOOM Group
Inc. (Nasdaq: IZM) (the "Company"), a B2B electronic component
products e-commerce platform, announced that it has received
written notice (the "Compliance Notice") from the Nasdaq Stock
Market LLC ("Nasdaq") informing the Company that it has regained
compliance with Nasdaq Listing Rules 5620 (the "Annual Shareholder
Meeting Requirement").
As previously announced, on July 9,
2024, the Company received written notice from the Nasdaq
notifying the Company that it was not in compliance with Nasdaq
Listing Rule 5620(a), which requires that Nasdaq-listed companies
hold an annual meeting of shareholders within twelve months of
their fiscal year end.
According to the Compliance Notice, as the Company held an
annual general meeting of shareholders on August 20, 2024, the staff of Nasdaq determined
that the Company has regained compliance with the Annual
Shareholder Meeting Requirement, and the matter is closed
accordingly.
About ICZOOM Group Inc.
ICZOOM Group Inc. (Nasdaq: IZM) is primarily engaged in sales of
electronic component products to customers in Hong Kong and mainland China through its B2B e-commerce platform.
These products are primarily used by China based small and medium-sized enterprises
("SMEs") in the consumer electronic industry, Internet of Things
("IoT"), automotive electronics and industry control segments. By
utilizing latest technologies, the Company's platform collects,
optimizes and presents product offering information from suppliers
of all sizes, all transparent and available to its SME customers to
compare and select. In addition to the sales of electronic
component products, the Company also provides services to customers
such as temporary warehousing, logistic and shipping, and customs
clearance. For more information, please visit the Company's
website: http://ir.iczoomex.com/index.html.
Forward-Looking Statements
Certain statements in this announcement are forward-looking
statements. These forward-looking statements involve known and
unknown risks and uncertainties and are based on the Company's
current expectations and projections about future events that the
Company believes may affect its financial condition, results of
operations, business strategy and financial needs. Investors can
identify these forward-looking statements by words or phrases such
as "anticipate," "estimate," "plan," "project," "continuing,"
"ongoing," "expect," "we believe," "we intend," "may," "should,"
"will," "could" and similar expressions. The Company undertakes no
obligation to update or revise publicly any forward-looking
statements to reflect subsequent occurring events or circumstances,
or changes in its expectations, except as may be required by law.
Although the Company believes that the expectations expressed in
these forward-looking statements are reasonable, it cannot assure
you that such expectations will turn out to be correct, and the
Company cautions investors that actual results may differ
materially from the anticipated results and encourages investors to
review other factors that may affect its future results in the
Company's registration statement and other filings with the U.S.
Securities and Exchange Commission.
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SOURCE ICZOOM Group Inc.