Ten-League International Receives Nasdaq Staff Delisting Determination Letter; Co To Be Subject To Delisting From The Nasdaq; Will Submit To The Panel A Plan To Regain Compliance

Ten-League International Holdings Limited (NASDAQ:TLIH) (the "Company" or "Ten-League"), a Singapore-based provider of turnkey project solutions, today announced that, on March 10, 2026, it received a Staff Determination from the Staff of the Nasdaq Listing Qualifications Department (the "Staff").This Staff Determination stated that the Nasdaq Staff has determined that the Company's securities will be subject to delisting from The Nasdaq Capital Market as a result of the Company's non-compliance with Nasdaq Listing Rule 5550(a)(2) (the "Minimum Bid Price Rule"), which requires primary securities listed on The Nasdaq Capital Market to maintain a minimum bid price of at least $1.00 per share, unless the Company timely requests a hearing before an independent Hearing Panel (the "Panel"). Accordingly, the Company intends to timely request a hearing before the Panel. Nasdaq Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if a deficiency under the Listing Rule continues for a period of consecutive 30 consecutive business days. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company was provided 180 calendar days, or until March 9, 2026, to regain compliance with the Minimum Bid Price Rule. As notified by the Staff Determination, the Company has not regained compliance with the Minimum Bid Price Rule and is not eligible for a second 180 day grace period. The Staff Determination states that the Staff concluded it does not appear that it is possible for the Company to cure the deficiency during the second grace period, and in that regard, the Company's closing bid price traded above the $1 minimum requirement for only 13 consecutive trading days after the Company's initial public offering (which was on July 8, 2025).The hearing request will automatically stay any suspension or delisting action pending the hearing and the issuance of a Panel decision following the hearing. The Company's securities will continue to trade in the normal manner on The Nasdaq Capital Market under the symbol "TLIH" pending the issuance of the Panel decision following the hearing. Per Listing Rule 5815(a)(5), the Company will submit to the Panel a plan to regain compliance, and request that the Panel grant an exception to the listing standards for a limited time period, as permitted by Rule 5815(c)(1)(A). There can be no assurance, however, that the Panel will accept the Company's plan to regain compliance and/or grant the requested exception, nor can there be any assurance that such plan will be successful if brought into effect.The Company furnishes this announcement to satisfy its obligation under Listing Rule 5810(b) to make public disclosure of the subject deficiency and of the Staff Determination within four business days thereof.