NINGDE, China, April 20, 2026 (GLOBE NEWSWIRE) — Oriental Upward thrust Holdings Restricted (NASDAQ: ORIS) (“Oriental Rise” or the “Company”), an built-in tea provider in mainland China, these days introduced that it won a workforce decision letter (the “Determination Letter”) from the List {Qualifications} Division of The Nasdaq Inventory Marketplace LLC (“Nasdaq”) on April 15, 2026, notifying the Corporate that Nasdaq has made up our minds to delist the Corporate’s atypical stocks from The Nasdaq Capital Marketplace.
In line with the Choice Letter, Nasdaq made up our minds that the ultimate bid worth of the Corporate’s indexed securities have been underneath $1.00 according to proportion for the former 30 consecutive industry days and that the Corporate due to this fact not complies with Nasdaq List Rule 5550(a)(2), which calls for indexed securities to deal with a minimal bid worth of $1.00 according to proportion.
Nasdaq additional mentioned that, for the reason that Corporate effected a 1-for-20 opposite inventory cut up on December 30, 2025, the Corporate isn’t eligible for the 180-calendar day compliance length that might in a different way be to be had beneath Nasdaq List Rule 5810(c)(3)(A).
Nasdaq has urged the Corporate that, except the Corporate requests a listening to earlier than a Nasdaq Hearings Panel by way of April 22, 2026, buying and selling within the Corporate’s atypical stocks shall be suspended on the opening of industrial on April 24, 2026, and Nasdaq will document a Shape 25-NSE with the U.S. Securities and Change Fee to take away the Corporate’s securities from record and registration on The Nasdaq Inventory Marketplace.
The Corporate intends to well timed request a listening to earlier than the Nasdaq Hearings Panel. The listening to request will keep the suspension of the Corporate’s securities and the submitting of the Shape 25-NSE pending the Panel’s choice. The Corporate is recently comparing its choices and intends to provide a plan to regain compliance with Nasdaq’s endured record necessities.
There may also be no assurance that the Hearings Panel will grant the Corporate’s request for endured record or that the Corporate will have the ability to regain compliance with the acceptable endured record necessities.
About Oriental Upward thrust Holdings Restricted (NASDAQ: ORIS)
Oriental Upward thrust Holdings Restricted is an built-in provider of tea merchandise in mainland China. Its main tea merchandise come with primarily-processed tea consisting of white tea and black tea, in addition to subtle white tea and black tea. The Corporate’s industry operations are vertically built-in, protecting tea cultivation, processing of tea leaves, and the sale of tea merchandise to tea industry operators, corresponding to wholesale vendors, and end-user retail shoppers in mainland China. The Corporate operates tea gardens positioned in Zherong County, Ningde Town in Fujian Province of mainland China.
Ahead-Having a look Statements
Sure statements on this announcement are forward-looking statements, together with, with out limitation, statements in regards to the Corporate’s intent to request a listening to earlier than the Nasdaq Hearings Panel, its plans to regain compliance with Nasdaq’s endured record necessities, and the result of any listening to procedure. Those forward-looking statements contain recognized and unknown dangers and uncertainties and are in response to the Corporate’s present expectancies and projections about long term occasions that the Corporate believes might impact its monetary situation, result of operations, industry technique, and fiscal wishes. Phrases corresponding to “believes,” “expects,” “intends,” “plans,” “may,” “will,” and an identical expressions are meant to spot forward-looking statements.
The Corporate undertakes no legal responsibility to replace or revise any forward-looking statements, apart from as required by way of acceptable legislation. Traders are cautioned that precise effects might vary materially from the ones described within the forward-looking statements.
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