HAIKOU,
China, May 24, 2023 /PRNewswire/ -- JX Luxventure
Limited (Nasdaq: JXJT) (the "Company"), a company that
engages in tourism with business segments covering tourism, tourism
duty-free cross-border merchandise and tourism technology
solutions, announced that on May 23,
2023, the Company received the letter from the Nasdaq
Hearing Panel stating that, as determined by the Nasdaq Listing
Qualifications Department, the Company cured its deficiency related
to the minimum bid requirement for continued listing on the Nasdaq Capital Market
("Nasdaq") and the hearing previously scheduled on
May 25, 2023, before the Nasdaq
Hearing Panel has been canceled. This letter also stated that the
Company is in compliance with all applicable continued listing
standards and that its stock will continue to be listed and traded
on Nasdaq.
About JX Luxventure Limited
Headquartered in Haikou, China, JX Luxventure Limited is a company
engages in tourism with business segments covering tourism, tourism
duty-free cross-border merchandise and tourism technology
solutions. To learn more about the Company, please visit its
corporate website at en.jxluxventure.com.
Safe Harbor Statement
This press release may contain certain "forward-looking
statements" relating to the business of JX Luxventure Limited, and
its subsidiary companies. All statements, other than statements of
historical fact included herein, are "forward-looking statements"
in nature within the meaning of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements, often
identified by the use of forward-looking terminology such as
"believes," "expects" or similar expressions, involve known and
unknown risks and uncertainties. Although the Company believes that
the expectations reflected in these forward-looking statements are
reasonable, they do involve assumptions, risks and uncertainties,
and these expectations may prove to be incorrect. Investors should
not place undue reliance on these forward-looking statements, which
speak only as of the date of this press release. The Company's
actual results could differ materially from those anticipated in
these forward-looking statements due to a variety of factors,
including those discussed in the Company's periodic reports filed
with the Securities and Exchange Commission and available on its
website (http://www.sec.gov). All forward-looking statements
attributable to the Company or persons acting on its behalf are
expressly qualified in their entirety by these factors. Other than
as required under the securities laws, the Company does not assume
a duty to update these forward-looking statements.
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SOURCE JX Luxventure Limited