Akso Health Group Received Nasdaq Notification Letter Regarding Stockholders' Equity Deficiency

BEIJING, March 06, 2023 (GLOBE NEWSWIRE) -- Akso Health Group (NASDAQ: AHG) ("Akso Health" the "Company" or “we”), today announced that on February 28, 2023, the Company received a notification letter from the Nasdaq Listing Qualifications Staff of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that it is no longer in compliance with the minimum stockholders' equity requirement for continued listing on the Nasdaq Global Market set forth in Nasdaq Listing Rule 5450(b)(1)(A) (the "Nasdaq Listing Rules"). The Nasdaq Listing Rules requires listed companies to maintain stockholders' equity of at least $10 million. The Company's Form 6-K filed with the Securities and Exchange Commission on February 16, 2023 reported stockholders’ equity of approximately $9.9 million as of September 30, 2022, which is below the minimum stockholders' equity required for continued listing pursuant to the Nasdaq Listing Rules.

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