Bit Brother Ltd. returns to compliance with Nasdaq minimum bid price requirements for continued listing


CHANGSHA, China, Nov. 5, 2021 / PRNewswire / – Bit Brother Limited (the “Company”, “we” or “Bit Brother”) (NASDAQ: BTB), is pleased to announce that it has returned to compliance with the requirement Nasdaq minimum bid price.

At November 3, 2021, the Company has received written notification from the personnel responsible for the Nasdaq listing qualifications indicating that the Company has restored compliance with the minimum bid price requirement for continued listing on the Nasdaq Capital Market in accordance with the rule. registration 5550 (a) (2) of the Nasdaq based on the closing bid price of the Company being $ 1.00 per share or more for 10 consecutive working days from 20 October 2021 To November 2, 2021.

About Bit Brother Limited.

Bit Brother Limited (formerly known as Urban tea, Inc.) has been incorporated into the British Virgin Islands as a limited liability company on November 28, 2011. Our business currently consists of the distribution and retailing of specialty tea products. For more information, please visit: http://ir.hn-myt.com/investor.

Forward-looking statements

This press release contains certain statements which may include “forward-looking statements”. All statements other than statements of historical fact included herein are “forward-looking statements”. These forward-looking statements are often identified by the use of forward-looking terminology such as “believes”, “expects” or similar expressions, involving known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they involve assumptions, risks and uncertainties, and these expectations may prove to be inaccurate. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The actual results of the Company could differ materially from those anticipated in these forward-looking statements due to various factors, including the risk factors discussed in the Company’s periodic reports which are filed with the Securities and Exchange Commission and available at the SEC website. (http://www.sec.gov). All forward-looking statements attributable to the Company or to persons acting on its behalf are expressly qualified in their entirety by these risk factors. Except as required by applicable securities laws, the Company assumes no obligation to update these forward-looking statements.

SOURCE Bit Brother Limited

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