Qilian International Holding Group previously announced that on February 16, 2023, it received a written notice from the Listing Qualifications Department of The Nasdaq Stock Market indicating that the Company was not in compliance with NASDAQ Listing Rule 5250(c)(1) for continued listing as a result of not having timely filed its annual report on Form 20-F for the year ended September 30, 2022. On April 19, 2023, the Company filed the Form 20-F, and on April 20, 2023, the Company received a second letter from NASDAQ stating that based on the April 19, 2023 filing of the Company’s Form 20-F, NASDAQ has determined that the Company complies with the Rule. Accordingly, NASDAQ informed the Company that it now considers this matter closed.
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