Ten-League International Holdings Limited Announces Receipt of Nasdaq Staff Delisting Determination and Plans to Appeal

SINGAPORE, March 16, 2026 (GLOBE NEWSWIRE) -- 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”).