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Meiwu Technology Company Limited (symbol: WNW) is a prominent player in the online food retail and franchise restaurant industry in China. With a strong focus on quality and sustainability, Meiwu Technology offers a wide variety of products that include green food, organic food, intangible cultural heritage food products, agricultural products bearing geographical indications, and pollution-free products. The company operates through three main segments: Clean Food Platform, Restaurant, and Others.
Clean Food Platform is the core segment of the company, generating nearly all of its revenue. Through this platform, Meiwu Technology ensures the delivery of high-quality, safe, and sustainable food products to consumers. The platform boasts an extensive range of offerings, emphasizing eco-friendly and health-conscious options.
The Restaurant segment includes a chain of franchise restaurants that provide customers with the company’s high-quality food products in a dine-in setting. These restaurants uphold Meiwu Technology's commitment to food safety, quality, and environmental sustainability.
In the Others segment, the company explores various opportunities and initiatives to diversify its business and enhance customer experience.
Meiwu Technology is dedicated to continuous improvement and innovation. The company is involved in several projects aimed at expanding its product range and improving service delivery. These initiatives ensure that Meiwu Technology remains at the forefront of the food retail industry in China.
Financially, Meiwu Technology has shown resilience and stability. The company’s strategic partnerships and investment in technology have played a significant role in its growth and success. Meiwu Technology continues to seek new opportunities and collaborations to maintain its competitive edge and deliver value to its stakeholders.
Meiwu Technology Company (NASDAQ: WNW) has received a notification from Nasdaq regarding its failure to meet the minimum bid price requirement. The company's ordinary shares have been trading below $1.00 for 30 consecutive business days, violating Nasdaq Listing Rule 5550(a)(2). WNW has until March 10, 2025, to regain compliance by maintaining a closing bid price of at least $1 for a minimum of 10 consecutive business days. If unsuccessful, the company may be eligible for an additional 180-day compliance period, provided it meets other listing requirements and expresses intent to cure the deficiency, possibly through a reverse stock split.
Meiwu Technology Co., (NASDAQ: WNW), an online and mobile commerce company in China, announced it received a notification from Nasdaq regarding its late filing of the annual report for December 31, 2023. The letter, dated May 31, 2024, states that Meiwu is not in compliance with Nasdaq Listing Rule 5250(c)(1). The company has 60 days to submit a compliance plan or file the annual report. If accepted, Nasdaq may extend the deadline to September 10, 2024. Despite this, the company's shares will continue to be listed on the Nasdaq Capital Market. This notification was disclosed in line with Nasdaq Listing Rule 5810(b).
On February 7, 2023, Meiwu Technology Company Limited (WNW) received a notification from Nasdaq indicating that its share price has been below the $1.00 minimum requirement for 30 consecutive business days. This notification does not immediately affect its listing, as WNW has until August 7, 2023, to regain compliance by maintaining a share price of at least $1 for 10 consecutive business days. If compliance is not met, the company may be eligible for an additional 180 days provided it meets other listing standards.
Meiwu Technology Co., Limited (NASDAQ: WNW) has reported a significant decline in financial performance for the first half of fiscal 2022. Total revenues dropped by 84.45% to US$1.17 million, and the net loss surged by 354.30% to US$5.53 million compared to the same period in 2021. Despite an increase in registered users to 711,534, average daily active users fell sharply to 197.3. The ongoing impacts of COVID-19 lockdowns have severely affected operations, but the company anticipates a sales recovery in the second half of 2022.
On October 25, 2022, Meiwu Technology Company Limited (WNW) announced that it has regained compliance with NASDAQ's minimum bid price requirement. The notice confirmed that as of October 24, 2022, WNW's shares met the minimum closing bid price of $1.00 per share for the last 10 consecutive business days.
This follows an initial notification received on May 13, 2022, regarding its failure to maintain the required bid price. The compliance matter is now closed, allowing the company to continue trading on NASDAQ.
Meiwu Technology Company Limited (WNW) received notice from Nasdaq regarding non-compliance with its minimum bid price of $1 per share, having remained below this threshold for 30 consecutive business days. The Company has until November 9, 2022, to regain compliance; if achieved, Nasdaq will confirm compliance in writing. If not, WNW may be eligible for an additional 180 days to rectify the situation, potentially involving a reverse stock split. The notification does not currently affect WNW's listing on Nasdaq.
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