Company Intends to Request a Hearing; Compliance Measures Include Proposed Reverse Share Split and Expedited Completion of Annual Report

KUALA LUMPUR, Malaysia, Aug. 21, 2026 /PRNewswire/ -- Agroz Inc. (NASDAQ:AGRZ) ("Agroz" or the "Company"), an agricultural technology company, today announced that it received a Staff Determination Letter (the "Letter") from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") dated August 18, 2026.

The Letter states that Nasdaq has determined to delist the Company's securities from the Nasdaq Capital Market based on the following matters:

  1. The closing bid price of the Company's ordinary shares remained below US$1.00 per share for 30 consecutive business days, resulting in non-compliance with Nasdaq Listing Rule 5550(a)(2).
  2. Nasdaq stated that the Company had not demonstrated compliance with the minimum stockholders' equity requirement applicable to initial listing and had not previously notified Nasdaq of its intention to cure the bid-price deficiency through a reverse share split within the applicable period, as contemplated by Nasdaq Listing Rule 5810(c)(3)(A)(ii).
  3. The Company has not yet filed its annual report on Form 20-F for the fiscal year ended December 31, 2025, resulting in non-compliance with Nasdaq Listing Rule 5250(c)(1). The Letter further states that Nasdaq will not accept an additional compliance plan relating to the filing delinquency pursuant to Nasdaq Listing Rule 5810(c)(2)(A).

The Company intends to submit a timely request for a hearing before the Nasdaq Hearings Panel by the August 25, 2026 deadline to appeal the Staff Determination. If confirmed by Nasdaq: The hearing request will stay the suspension and delisting action pending the Panel's decision and the expiration of any extension granted by the Panel. There can be no assurance that the hearing request will be successful or that the Company will regain or maintain compliance with all applicable Nasdaq continued-listing requirements.