JBDI HOLDINGS ANNOUNCES RECEIPT OF NASDAQ DETERMINATION LETTER

SINGAPORE, July 15, 2026 (GLOBE NEWSWIRE) -- JBDI Holdings Limited (Nasdaq: JBDI) today announced that it received a letter dated July 9, 2026 (the “Determination Letter”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company had not regained compliance with Listing Rule 5550(a)(2) within the 180 calendar days previously provided by Nasdaq’s letter to the Company of January 7, 2026 (the “January 7 Letter”). The January 7 Letter had indicated that the bid price of the Company’s listed security had closed at less than $1 per share over the previous 30 consecutive business days and, as a result, did not comply with Listing Rule 5550(a)(2) (the “Rule”). In accordance with the Rule, the Company was provided 180 calendar days, or until July 6, 2026, to regain compliance with the Rule.