Yulong Eco-Material's Continued Listing Request Accepted by Nasdaq

2016-12-20 22:00 1070

PINGDINGSHAN, China, Dec. 20, 2016 /PRNewswire/ -- Yulong Eco-Materials Limited (NasdaqCM: YECO), an eco-friendly building products and construction waste management company today announced that Nasdaq has notified the company that it has accepted Yulong Eco-Materials' plan to regain compliance with its filing requirements set forth in Listing Rule 5250(c)(1) for continued listing on the Nasdaq Capital Market and has granted the Company an extension through April 12, 2017 to file its Form 10-K for the period ended June 30, 2016 and Form 10-Q for the period ended September 30, 2016 (collectively, the "Delinquent Filings"). The Company expects to file the Delinquent Filings within the exception timeframe.

Forward-Looking Statements

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. Forward-looking statements are based on current beliefs and expectations and involve certain assumptions or estimates that involve various risks and uncertainties, such as financial market conditions, changes in commodities prices and the other risks discussed in detail in the Company's Annual Report on Form 10-K for the year ended June 30, 2015 and other subsequent filings with the Securities and Exchange Commission. Readers should not place undue reliance on any forward-looking statements, which are made only as of the date hereof. Yulong Eco-Materials has no duty, and assumes no obligation, to update forward-looking statements as a result of new information, future events or changes in the Company's expectations.

About Yulong Eco-Materials Limited

Yulong is a vertically integrated manufacturer of eco-friendly building products and a construction waste management company located in the city of Pingdingshan in Henan Province, China. The Company is currently Pingdingshan's leading producer of fly-ash bricks and concrete as well as the exclusive provider of construction waste management services for the cities of Pingdingshan and Shangqiu.


Zan Wu
Chief Financial Officer
Yulong Eco-Material Limited

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Source: Yulong Eco-Materials Limited