BEIJING, Jan. 16, 2019 /PRNewswire/ -- China Advanced
Construction Materials Group, Inc. (Nasdaq CM: CADC) (the
"Company" or "China ACM"), a construction company
engaging in the production of advanced construction materials for
large scale infrastructure, commercial and residential
developments, is pleased to announce that it has regained
compliance with Nasdaq's periodic filing requirement and
annual meeting requirement.
On January 11, 2019, the Company
received a written notification from the NASDAQ Stock Market
Listing Qualifications Staff (the "Nasdaq Staff") indicating
that the Company has regained compliance with the periodic filing
requirement for continued listing on the NASDAQ Capital Market
pursuant to NASDAQ Listing Rule 5250(c)(1) (the "Periodic Filing
Requirement") based on the December 10, 2018 filing of
the Company's Form 10-K for the fiscal year ended June 30, 2018 and
the January 4, 2019 filing of the Company's Form 10-Q for the
period ended September 30, 2018.
Additionally, Nasdaq Staff indicated that the Company has
regained compliance with the annual meeting requirement for The
NASDAQ Capital Market pursuant to Listing Rule 5620 (the "Annual
Meeting Requirement") based on the December 27, 2018 filing of the Company's Form
8-K disclosing the Company's annual meeting of shareholders held
earlier that day.
About China Advanced Construction Materials Group,
Inc.
China ACM is a producer of advanced, certified eco-friendly
ready-mix concrete (RMC) and provider of related technical services
for large scale, and other complex infrastructure projects.
Leveraging its proprietary technology and value-add engineering
services model, the Company has won work on many high profile
projects including the 30,000 km China HSR expansion, the Olympic
Stadium Bird's Nest, Beijing South Railway Station, Beijing International Airport, National Centre
for Performing Arts, CCTV Headquarters, Beijing Yintai Building and
U.S. and French embassies in China.
Forward-Looking Statements
This press release contains forward-looking statements,
including but not limited to statements that concern the company's
ability to comply with Nasdaq Listing Rules and the continued
listing of the Company's shares on Nasdaq. These forward-looking
statements are not historical facts, and instead are based on our
current expectations, estimates, opinions, and beliefs.
Consequently, you should not rely on these forward-looking
statements. The accuracy of such forward-looking statements depends
upon future events, and involves risks, uncertainties, and other
factors beyond our control that may cause these statements to be
inaccurate and cause our actual results, performance, or
achievements to differ materially and adversely from those
anticipated or implied by such statements, including, among others:
the risk that the completion and filing of the periodical reports
will take longer than expected or may not be completed at all; the
risk that the company will be unable to submit a plan to regain
compliance to Nasdaq before the due date or that any such plan may
not be accepted by Nasdaq; the risk that the company will be unable
to comply with the listing standards for the Nasdaq market; and the
risks more fully described in "Item 1A. Risk Factors" in
China ACM's Annual Report on Form
10-K for the fiscal year ended June 30,
2017. China ACM does not assume any obligation to update or
revise any such forward-looking statements, whether as the result
of new developments or otherwise.
For more information, please contact:
WEI ZHANG, Investor Relations
China Advanced Construction Materials Group, Inc.
Tel: +86-10-62800810
Email: wei.zhang@china-acm.com
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SOURCE China Advanced Construction Materials Group, Inc.