Announcement • Aug 21
Rising Dragon Acquisition Corp. Announces Notice of Non-Compliance With Nasdaq Listing Requirements for Ordinary Shares On August 19, 2026, Rising Dragon Acquisition Corp. (the Company) received a written notice (the Notice) from the Listing Qualifications Department (the Staff) of The Nasdaq Stock Market LLC (Nasdaq) notifying the Company that, for the last 30 consecutive business days, the Company's Market Value of Listed Securities (MVLS) was below the minimum of $35 million required for continued listing on the Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(b)(2) (the Market Value Standard). The Staff also noted that the Company does not meet the requirements under Nasdaq Listing Rules 5550(b)(1) (Equity Standard) and 5550(b)(3) (Net Income Standard). The Notice does not impact the listing of the Company's securities on the Nasdaq Capital Market at this time. The Notice provided that, in accordance with Nasdaq Listing Rule 5810(c)(3)(C) (the Compliance Period Rule), the Company has a period of 180 calendar days from the date of the Notice, or until February 16, 2027 (the Compliance Date), to regain compliance with the Market Value Standard. During this period, the Company's securities will continue to trade on the Nasdaq Capital Market. If at any time before the Compliance Date the Company's MVLS closes at or above $35 million for a minimum of 10 consecutive business days as required under the Compliance Period Rule, the Staff will provide written notification to the Company that it has regained compliance with the Market Value Standard and will close the matter (unless the Staff exercises its discretion to extend this 10 business day period pursuant to Nasdaq Listing Rule 5810(c)(3)(H)). If the Company does not regain compliance with the Market Value Standard by the Compliance Date, the Staff will provide a written notification to the Company that its securities will be subject to delisting. At that time, the Company may appeal the Staff's delisting determination to a Hearings Panel (the Panel). However, there can be no assurance that, if the Company receives a delisting notice and appeals the delisting determination by the Staff to the Panel, such appeal would be successful. The Company intends to monitor its MVLS between now and the Compliance Date, and may, if appropriate, evaluate available options to resolve the deficiency under the Market Value Standard and regain compliance with the Market Value Standard. The Company may also try to comply with another Nasdaq listing criteria, such as the one under Nasdaq Listing Rule 5550(b)(1) (Equity Standard). However, there can be no assurance that the Company will be able to regain or maintain compliance with Nasdaq listing criteria. Valuation Update With 7 Day Price Move • Aug 19
Investor sentiment improves as stock rises 38% After last week's 38% share price gain to US$8.78, the stock trades at a trailing P/E ratio of 29.6x. Average trailing P/E is 38x in the Capital Markets industry in the US. Total loss to shareholders of 15% over the past year. Valuation Update With 7 Day Price Move • Jul 13
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to US$6.00, the stock trades at a trailing P/E ratio of 26.8x. Average trailing P/E is 40x in the Capital Markets industry in the US. Total loss to shareholders of 42% over the past year. 
