Hongli Group Inc. Reports Compliance with Nasdaq Minimum Bid Price Standard

WEIFANG, CHINA, Oct. 06, 2025 — Hongli Group Inc. (Nasdaq: HLP) (the “Company”) announced today that it received notification from the Nasdaq Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) on October 3, 2025, with the letter dated October 2, 2025. This notification confirmed the Company’s successful return to compliance with Nasdaq Listing Rule 5550(a)(2), known as the “Minimum Bid Price Requirement,” which mandates a minimum bid price of $1.00 per share for its Ordinary Shares to remain listed on The Nasdaq Capital Market. Nasdaq’s determination of compliance followed the Company’s ordinary shares (“Ordinary Shares”) closing bid price trading at or above $1.00 per share for 12 consecutive business days, from September 16, 2025, through October 1, 2025. Consequently, Nasdaq has acknowledged the Company’s full compliance with the Minimum Bid Price Requirement, thereby resolving the matter.

The Company had previously announced on July 10, 2025, its receipt of a deficiency letter (the “Notice”) from the Staff. This Notice had informed the Company that, owing to the closing bid price of its Ordinary Shares falling below the $1.00 threshold for the 30 consecutive business days spanning May 27, 2025, to July 9, 2025, it was out of compliance with the Minimum Bid Price Requirement. Importantly, this Notice did not immediately impact the Ordinary Shares’ listing status on The Nasdaq Capital Market. Hongli Group was granted a 180-calendar-day period, extending until January 6, 2026, to re-establish compliance as per Nasdaq Listing Rule 5810(c)(3)(A). The terms stipulated that if, prior to January 6, 2026, the Ordinary Shares’ closing bid price maintained $1.00 or higher for at least 10 consecutive business days, the Staff would issue written confirmation of compliance, thereby resolving the issue.

About Hongli Group Inc.

Hongli Group Inc. functions as a Cayman Islands holding company which, through various contractual arrangements, integrates the financial outcomes of Shandong Hongli Special Section Tube Co., Ltd. and its affiliates (referred to as the “Hongli Operating Group”). The Hongli Operating Group stands as a prominent manufacturer of cold roll formed steel profiles, operating through subsidiaries across China. Specializing in the design, customization, and production of these profiles, the Group caters to machinery and equipment across diverse industries such as mining, excavation, construction, agriculture, and transportation. With a history spanning over two decades, the Hongli Operating Group has cultivated a substantial client base in over 30 major Chinese cities and established an international presence in countries including South Korea, Japan, the U.S., and Sweden. Presently, the Hongli Operating Group operates 11 cold roll forming production lines, yielding a wide array of distinct profile products in varying materials, dimensions, and configurations.

Forward-Looking Statement

Statements presented as forward-looking encompass declarations about plans, objectives, aims, strategies, prospective events or performance, and underlying assumptions, as well as any statements that are not strictly historical facts. The Company employs forward-looking statements when utilizing terms like “may,” “will,” “would,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate,” “continue,” or comparable expressions that do not pertain exclusively to past events. It is important to note that forward-looking statements do not assure future performance and inherently carry risks and uncertainties that could lead to actual results varying significantly from the Company’s projections outlined within these statements. Such declarations are subject to uncertainties and risks, including, though not limited to, the Company’s capacity to realize its objectives and strategies, its prospective business expansion and development plans, its financial health and operational outcomes, demand for and adoption of its products and services, its standing and brand image, the effects of market competition and pricing dynamics, technological shifts, governmental policies, trade limitations, changes in overall economic and business climates, the Company’s adherence to Nasdaq’s ongoing listing criteria, and assumptions forming the basis of or relating to any of the aforementioned points, along with other risks detailed in reports submitted by the Company to the U.S. Securities and Exchange Commission (“SEC”). Consequently, investors are advised against placing undue reliance on any forward-looking statements contained within this press release. Further details on additional factors are provided in the Company’s SEC filings, accessible for review at . The Company disclaims any obligation to publicly update these forward-looking statements to reflect subsequent events or conditions.

For more information, please contact:

Hongli Group Inc.

Ms. Jian Liu
Email:
Mobile: +86-18753635666