Mobile-health Network Solutions issues letter to shareholders

Mobile-health Network Solutions addresses the recent market fluctuations in its share price. The message from the Co-Founders, Dr Siaw Tung Yeng and Dr Rachel Teoh Pui Pui is as follows: “We are writing to you today to address the recent volatility in our share price. While we understand the concern it may cause, we want to assure you that we remain committed to our long-term growth strategy, and we are experiencing significant positive developments… We announced the launch of ManaPharma Pharmacy recently, representing a venture into the retail pharmacy space. This diversification strengthens our position in the healthcare sector and presents promising opportunities for future growth…. Our management and our major shareholders are committed to the long-term success of the Company. We have a moratorium in place and have not sold or pledged any shares for loans since the IPO. We are optimistic about our financial performance. As announced recently, our revenue for the first half of 2024 is projected to double compared to the same period in 2023. This significant growth underscores the effectiveness of our strategic initiatives…. Considering the recent share price fluctuations, we have reached out to Nasdaq to request discussions regarding the trading activities. We are committed to maintaining open communication with all stakeholders. We will continue to provide regular updates on our progress and performance through official channels.”