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China Gerui Advanced Materials Group Limited Receives Nasdaq Notification of Non-Compliance with Market Value of Publicly Held Shares Rule

CHOP) ("China Gerui," or the "Company"), a leading high-precision, cold-rolled steel producer in China, today announced that on August 19, 2015, it received a written notice (the "Notice") from the Listing Qualifications department of The Nasdaq Stock Market ("Nasdaq") indicating that the Company is not in compliance with the Nasdaq Listing Rule 5450(b)(1)(c) because the market value of publicly held shares ("MVPHS") of the Company's ordinary shares has fallen below the minimum $5,000,000 requirement for continued listing for a period of at least 30 consecutive business days. However, the Nasdaq Listing Rules ("Nasdaq Rules") also provides the Company a compliance period of 180 calendar days, or until February 16, 2016, to regain compliance. If at any time before February 16, 2016, the MVPHS of the Company's ordinary shares is at least $5,000,000 for a minimum of 10 consecutive business days, the Company will regain compliance with this rule.

In the event the Company does not regain compliance with the Nasdaq Rules prior to the expiration of the 180-day compliance period, it will receive written notification from Nasdaq that the Company's ordinary shares are subject to delisting. Alternatively, Nasdaq may permit the Company to transfer its ordinary shares to The Nasdaq Capital Market if, at that time, the Company satisfies the Nasdaq Capital Market's continued listing requirements.

At present, China Gerui will strategically review its business outlook and determine whether and how it can regain...


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