Alps Group Inc. Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency

Alps Group Inc. has received a notification from Nasdaq indicating non-compliance with the minimum bid price requirement, as the share price has fallen below $1.00 for 30 consecutive business days. This notification does not immediately impact the company's listing or operations. Nasdaq has granted a 180-day compliance period, ending November 11, 2026, to regain compliance. The company may be eligible for an additional 180 days if certain conditions are met, including potentially executing a reverse stock split. Alps Group Inc. is actively evaluating options to rectify the situation and regain compliance, though there is no assurance of success. The company is committed to using its best efforts to meet Nasdaq's continued listing requirements.