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Hongli Group Inc. Meets Nasdaq Compliance Requirements

Hongli Group Inc. (Nasdaq: HLP), a leading manufacturer of cold roll formed steel profiles, has made an important announcement regarding its compliance with Nasdaq Stock Market requirements. As of August 7, 2026, the Company received a notification from the Nasdaq Listing Qualifications Department confirming that it has regained compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2).

Regaining Compliance

The notification states that Hongli Group's Class A ordinary shares have maintained a closing bid price of $1.00 or more for 10 consecutive business days, from July 24, 2026, to August 6, 2026. This achievement has allowed the Company to close the issue regarding its compliance with Nasdaq's listing standards. Previously, on July 2, 2026, Hongli had received a deficiency letter from Nasdaq due to its shares trading below the required price. However, the Company took effective corrective actions to ensure that its shares were restored to compliance swiftly and efficiently.

About Hongli Group

Hongli Group Inc. operates as a holding company registered in the Cayman Islands and consolidates its financial results mainly through Shandong Hongli Special Section Tube Co., Ltd. and its subsidiaries. Specializing in the manufacturing of cold roll formed steel profiles, the Hongli Operating Group serves a diverse array of industries including mining, construction, transportation, and agriculture.

With a solid operational history spanning over 25 years, Hongli has successfully established its market presence across more than 30 major cities in China and has developed a robust international network that includes clients in South Korea, Japan, and the United States. Currently, the Company operates 11 cold roll forming production lines, offering an extensive range of profile products in various materials, sizes, and shapes.

Looking Ahead

As Hongli Group continues to navigate the competitive landscape of the steel manufacturing industry, maintaining compliance with stock exchange requirements remains a priority. Forward-looking statements from the Company indicate an optimistic future with planned growth strategies, expansion of production capabilities, and enhancements in product quality and customer service.

The Company acknowledges the importance of adhering to Nasdaq's continued listing standards as a critical component to its operational and strategic goals. As such, management remains committed to executing effective business development strategies that will foster financial stability and shareholder confidence.

Investors are encouraged to monitor the Company's future developments closely, recognizing that while management statements reflect optimistic projections, potential risks and uncertainties could influence actual performance outcomes. These include economic changes, regulatory impacts, and market dynamics that affect the competitiveness of the Company.

In conclusion, Hongli Group Inc. has successfully met a significant compliance milestone with Nasdaq, positioning itself for continued success in the steel manufacturing sector, along with a commitment to value creation for all stakeholders involved.

For further inquiries, please contact Mr. Jie Liu at Hongli Group Inc. via email or phone as listed below:

• - Email: [email protected]
• - Phone: +86 0536-2180886