Masonglory Limited Receives Nasdaq Notification Regarding Insufficient Share Price

(SeaPRwire) –   Hong Kong, March 17, 2026 — Masonglory Limited (the “Company” or “Masonglory”) (NASDAQ: MSGY), a Hong Kong-based subcontractor that provides wet trades and related ancillary services to both private and public sectors, announced today that it has received a notification letter from The Nasdaq Stock Market LLC (“Nasdaq”) dated March 13, 2026. The letter informed the Company that it is not in compliance with the requirement to maintain a minimum closing bid price of $1 per share, as stipulated by Nasdaq Listing Rule 5550(a)(2). This non-compliance stems from the closing bid price of the Company’s ordinary shares being below $1 per share for the last 30 consecutive business days, specifically from January 28, 2026, to March 11, 2026. The Nasdaq Letter serves solely as a notification of deficiency and does not result in the immediate delisting of the Company’s ordinary shares, nor does it currently affect their listing or trading on the Nasdaq Capital Market.

In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has a period of 180 calendar days, concluding on September 9, 2026 (the “Compliance Period”), to regain compliance with the minimum bid price requirement. To achieve compliance, the closing bid price of the Company’s ordinary shares must be at least $1.00 per share for a minimum of 10 consecutive business days at any point before the expiration of the Compliance Period. Should the Company successfully regain compliance within this timeframe, Nasdaq will issue written confirmation, thereby closing the matter. If the Company opts to implement a reverse stock split, this action must be completed no later than ten business days prior to September 9, 2026, to be considered compliant.

If the Company fails to regain compliance by September 9, 2026, it may be eligible for an additional 180-day compliance period. To qualify for this extension, the Company must meet the continued listing requirement for the market value of publicly held shares and all other initial listing standards for the Nasdaq Capital Market, excluding the bid price requirement. Additionally, the Company will need to provide written notification of its intent to rectify the deficiency during the second compliance period, potentially through a reverse stock split. If these conditions are met, Nasdaq will notify the Company of the granted extension. However, if Nasdaq determines that the Company is unlikely to cure the deficiency or is otherwise ineligible, it will issue a notice indicating that the Company’s securities will be subject to delisting.

The Company is actively monitoring the closing bid price of its ordinary shares and is exploring various options to regain compliance with the minimum bid price requirement, including the possibility of a reverse stock split. Nevertheless, there is no guarantee that the Company will be able to regain or maintain compliance with Nasdaq’s continued listing requirements in a timely manner.

About Masonglory Limited

Established in Hong Kong in 2018, Masonglory Limited operates as a subcontractor providing wet trades services and other related services to property developers and the Hong Kong government. Since 2020, the Company has been a registered specialist trade contractor (plastering-group 2), offering comprehensive wet trades solutions to its clients. These services primarily encompass: (i) plastering for floors, ceilings, and walls; (ii) tile installation on internal and external walls and floors; (iii) bricklaying; (iv) floor screeding; and (v) marble works. Further details can be found at: https://www.masontech.com.hk/; https://ir.masontech.com.hk/

Forward-Looking Statements

This announcement contains certain forward-looking statements that involve known and unknown risks and uncertainties. These statements are based on the Company’s current expectations and projections regarding future events that could impact its financial condition, operational results, business strategy, and financial needs. Forward-looking statements can often be identified by the use of words such as “aim,” “anticipate,” “believe,” “estimate,” “expect,” “going forward,” “intend,” “may,” “plan,” “potential,” “predict,” “propose,” “seek,” “should,” “will,” “would,” or similar expressions. The Company is not obligated to publicly update or revise any forward-looking statements to reflect subsequent events, circumstances, or changes in its expectations, except as required by law. While the Company believes the expectations expressed in these forward-looking statements are reasonable, it cannot guarantee their accuracy. Investors are cautioned that actual results may differ materially from anticipated results, and they are encouraged to review other factors that could affect the Company’s future results as detailed in its registration statement and other filings with the SEC.

For additional information, please contact:

Masonglory Limited

Investor Relations Department

Email: services@wealthfsllc.com