UCLOUDLINK GROUP INC. Announces Receipt of Minimum Bid Price Notice from Nasdaq

HONG KONG, Aug. 11, 2026 (GLOBE NEWSWIRE) -- UCLOUDLINK GROUP INC. (“UCLOUDLINK” or the “Company”) (NASDAQ:UCL), the world’s first and leading mobile data traffic sharing marketplace, today announced that it has received written notification from the staff of the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) dated August 10, 2026, indicating that for the last 33 consecutive business days, the closing bid price for the Company’s American depositary shares (the “ADSs”) was below the minimum bid price of US$1.00 per share requirement set forth in Nasdaq Listing Rule 5450(a)(1). The Nasdaq notification letter has no immediate effect on the listing or trading of the Company’s ADSs on Nasdaq.