Youxin Technology to appeal delisting, announces 1-for-80 share consolidation

Youxin Technology (YAAS) received a staff determination notice from the Listings Qualifications Department of The Nasdaq Stock Market on September 22, 2025, notifying the Company of the Staff’s determination to delist the Company’s securities under Listing Rule 5810(c)(3)(A)(iii) because as of September 19, 2025, the Company’s Class A ordinary shares had a closing bid price below $0.10 for ten consecutive trading days. Pursuant to the Notice, unless the Company requests an appeal of the determination, the Company’s securities will be suspended from trading on The Nasdaq Capital Market at the opening of business on October 1, 2025, and a Form 25-NSE will be filed with the U.S. Securities and Exchange Commission, which will remove the Company’s securities from listing and registration on The Nasdaq Stock Market. On August 13, 2025, the Company received a letter from the Nasdaq, notifying the Company that it is not in compliance with the minimum bid price requirement as set forth under Nasdaq Listing Rule 5550(a)(2) for continued listing on Nasdaq because the closing bid price of the Company’s Class A ordinary shares was below the minimum of $1.00 per share for a period of 30 consecutive business days. In accordance with Listing Rule 5810(c)(3)(A), the Letter provided the Company a period of 180 calendar days from the date of the Letter, or until March 23, 2026, to regain compliance with the Minimum Bid Requirement. Nasdaq Listing Rule 5810(c)(3)(A)(iii) states that if during any compliance period specified in Rule 5810(c)(3)(A) a Company’s security has a closing bid price of $0.10 or less for ten consecutive trading days, the Listing Qualifications Department shall issue a Staff Delisting Determination under Rule 5810 with respect to that security. Based on the closing bid price of the Company’s ordinary shares for the 10 consecutive trading days from September 8, 2025 to September 19, 2025, the Company does not comply with the Low Priced Stocks Rule. On September 15, 2025, the Company’s Board approved to effect a share consolidation of the Company’s Class A ordinary shares at the ratio of one-for-eighty with the market effective date of September 30, 2025. The objective of the share consolidation is to enable the Company to regain compliance with the Minimum Bid Requirement and the Low Priced Stocks Rule. Beginning with the opening of trading on September 30, 2025, the Company’s Class A ordinary shares will trade on the NASDAQ Capital Market on a split-adjusted basis, under the same symbol “YAAS” but under a new CUSIP Number, G9876W112. The share consolidation will reduce the number of Class A ordinary shares issued and outstanding from approximately 171,264,988 to approximately 2,140,813. The authorized number of Class A ordinary shares will be reduced by the same ratio from 400,000,000 to 5,000,000. The new par value will be $0.008 from the share consolidation.