JINJIANG, China, Sept. 21, 2020 /PRNewswire/ -- China
Ceramics Co., Ltd. (NASDAQ Capital Market: CCCL) ("China Ceramics"
or the "Company"), a leading Chinese manufacturer of ceramic tiles
used for exterior siding and for interior flooring and design in
residential and commercial buildings, today announced that it has
received a letter from the Listings Qualifications Department of
The Nasdaq Stock Market notifying the Company that it has regained
compliance with NASDAQ's minimum bid requirements for continued
listing requirements on the NASDAQ Stock Market. On September 3, 2020, the Company effected a
one-for-three reverse stock split to regain compliance with the
minimum bid price requirement of $1.00 per share for continued listing on the
NASDAQ Stock Market. The letter noted that since the closing bid of
the Company's common stock has been $1.00 per share or more for 10 consecutive
business days, from September 3, 2020
to September 18, 2020, the Company
has regained compliance with Nasdaq Listing Rule 5550(a)(2) and
that the matter is now closed.
About China Ceramics Co., Ltd.
China Ceramics Co., Ltd. is a leading manufacturer of ceramic
tiles in China. The Company's
ceramic tiles are used for exterior siding, interior flooring, and
design in residential and commercial buildings. China Ceramics'
products, sold under the "Hengda" or "HD", "Hengdeli" or "HDL", the
"TOERTO" and "WULIQIAO" brands, and the "Pottery Capital of Tang
Dynasty" brands, are available in over 2,000 style, color and size
combinations and are distributed through a network of exclusive
distributors as well as directly to large property developers.
Through its wholly-owned subsidiary, Antelope Holdings
(Chengdu), Co., Ltd., the Company
provides fintech solutions which includes the development of
blockchain software. For more information, please visit
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this press release are forward-looking
statements that involve a number of risks and uncertainties,
including statements relating to the Company's ability to, among
other things, successfully design, deploy and pursue this expansion
strategy, the Company's ability to complete any agreements with new
customers in the markets in question and add to its overall growth.
Actual events or results may differ materially from the Company's
expectations. Factors that could cause actual results to differ
materially from those stated or implied by the Company's
forward-looking statements are disclosed in its filings with the
Securities and Exchange Commission. These forward-looking
statements represent the Company's judgment as of the time of this
release. The Company disclaims any intent or obligation to update
these forward-looking statements, other than as may be required
under applicable law.
SOURCE China Ceramics Co., Ltd.