J-Long Group announces share consolidation at a ratio of 1-for-20

J-Long Group (JL) announced today that it will effect a share consolidation of its Ordinary Shares at a ratio of 1-for-10, effective as of 11:59 pm on December 9, 2024, in order to regain compliance with the minimum $1.00 bid price per share requirement of Nasdaq’s Marketplace Rules 5550(a)(2) and Rule 5450(a)(1). The Company’s Ordinary Shares are expected to begin trading on a Reverse Stock Split adjusted basis on Nasdaq as of the open of trading on December 10, 2024, under the existing ticker symbol “JL.”