SHANGHAI, July 23, 2026 /PRNewswire/ -- MaxsMaking Inc. (NASDAQ:MAMK) (&#34;MaxsMaking&#34; or the &#34;Company&#34;), a manufacturer of customized consumer goods with a focus on advanced technology and innovation,

<p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">SHANGHAI</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">July 23, 2026</span> /PRNewswire/ -- MaxsMaking Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/MAMK">MAMK</a>) (&#34;MaxsMaking&#34; or the &#34;Company&#34;), a manufacturer of customized consumer goods with a focus on advanced technology and innovation, today announced that it received a Staff Delisting Determination (the &#34;Staff Determination&#34;), dated July 17, 2026, from the Listing Qualifications Department of The Nasdaq Stock Market LLC (&#34;Nasdaq&#34;), stating that Nasdaq has determined to delist the Company&#39;s securities.</p>
<p xmlns="http://www.w3.org/1999/xhtml">Following a temporary trading suspension in the Company&#39;s securities by the U.S. Securities and Exchange Commission (the &#34;SEC&#34;) on November 17, 2025, Nasdaq halted trading in the Company&#39;s securities on December 2, 2025, and has now determined to delist the Company&#39;s securities pursuant to its discretionary authority contained in Nasdaq Listing Rule IM-5101-4.</p><p xmlns="http://www.w3.org/1999/xhtml">Nasdaq Listing Rule IM-5101-4 allows Nasdaq &#34;to exercise discretion to delist a company from Nasdaq based on the potential for one or more third parties to engage in misconduct impacting a company&#39;s securities where the SEC has implemented a temporary trading suspension.&#34; Nasdaq believes that the ability for third parties to manipulate a security&#39;s price indicates that the security does not have sufficient liquidity to promote fair and orderly markets and, therefore, delisting is consistent with the protection of investors and the public interest, and that it is appropriate to use its authority under IM-5101-4 to delist the Company&#39;s securities from Nasdaq based on those factors that make the Company&#39;s securities susceptible to manipulation.</p><p xmlns="http://www.w3.org/1999/xhtml">The Company intends to request a hearing before an independent Hearing Panel pursuant to Nasdaq Listing Rule 5815. The hearing request will result in an automatic stay of any delisting or suspension action, pending the Hearings Panel decision; notwithstanding, the Company&#39;s securities will remain in the trading halt pending the Hearing Panel&#39;s decision. </p><p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">About MaxsMaking Inc.</b></p><p xmlns="http://www.w3.org/1999/xhtml">Founded in 2007 and headquartered in Shanghai, MaxsMaking Inc. specializes in customized consumer goods with a focus on advanced technology and innovation. With production facilities in China&#39;s Zhejiang and Henan provinces, the Company integrates digital production, software development, product design, brand management, online sales and international trade to deliver small-batch textile customization services. Its products include backpacks, shopping bags, aprons, and other promotional items. Using sustainable materials and proprietary order management technologies, MaxsMaking delivers high-quality, cost-effective products while emphasizing environmental protection and social responsibility. For more information, please visit the Company&#39;s website: <a xmlns="http://www.w3.org/1999/xhtml" href="https://ir.maxsmaking.com/" target="_blank" rel="nofollow"><b xmlns="http://www.w3.org/1999/xhtml">https://ir.maxsmaking.com</b></a>.</p><p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">Forward-Looking Statements</b></p><p xmlns="http://www.w3.org/1999/xhtml">Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company&#39;s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as &#34;approximates,&#34; &#34;believes,&#34; &#34;hopes,&#34; &#34;expects,&#34; &#34;anticipates,&#34; &#34;estimates,&#34; &#34;projects,&#34; &#34;intends,&#34; &#34;plans,&#34; &#34;will,&#34; &#34;would,&#34; &#34;should,&#34; &#34;could,&#34; &#34;may&#34; or other similar expressions in this announcement. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company&#39;s registration statement and other filings with the U.S. Securities and Exchange Commission.</p>



<p xmlns="http://www.w3.org/1999/xhtml" id="PURL"><img xmlns="http://www.w3.org/1999/xhtml" title="Cision" width="12" height="12" alt="Cision" src="https://edge.prnewswire.com/c/img/favicon.png?sn=CN11552&amp;sd=2026-07-23"></img> View original content:<a xmlns="http://www.w3.org/1999/xhtml" id="PRNURL" rel="nofollow" href="https://www.prnewswire.com/news-releases/maxsmaking-inc-announces-receipt-of-nasdaq-delisting-determination-notice-302833869.html" target="_blank">https://www.prnewswire.com/news-releases/maxsmaking-inc-announces-receipt-of-nasdaq-delisting-determination-notice-302833869.html</a></p><p xmlns="http://www.w3.org/1999/xhtml">SOURCE MaxsMaking Inc.</p>

MAMK

MaxsMaking Inc. Announces Receipt of Nasdaq Delisting Determination Notice

Nasdaq Delisting of MAMK Signals Liquidity and Regulatory Risk for Investors

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>SHANGHAI, July 23, 2026 /PRNewswire/ -- MaxsMaking Inc. (NASDAQ:MAMK) (&amp;#34;MaxsMaking&amp;#34; or the &amp;#34;Company&amp;#34;), a manufacturer of customized consumer goods with a focus on advanced technology and innovation,</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>MaxsMaking has received a Nasdaq Staff Delisting Determination and plans to appeal, while trading remains halted. The regulator cites liquidity and potential manipulation risks, raising near-term liquidity challenges and possible OTC relocation or wind-down. The outcome hinges on a Hearing Panel decision, likely within weeks, with material implications for MAMK&#039;s valuation and capital access.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Nasdaq intends to delist MAMK due to liquidity and manipulation concerns.</li><li>SEC suspended trading in Nov 2025; Nasdaq halted in Dec 2025.</li><li>Nasdaq invoked IM-5101-4 to delist; hearing requested with automatic stay.</li><li>Company will appeal; trading remains halted pending Hearing Panel decision.</li><li>No revenue data disclosed; potential move to OTC or wind-down discussed.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>MaxsMaking Inc. (MAMK)</strong>: Primary subject; delisting risk; hearing pending.</li><li><strong>Nasdaq, Inc. (NDAQ)</strong>: Regulator invoking IM-5101-4; delisting authority exercised.</li><li><strong>Securities and Exchange Commission (SEC)</strong>: Earlier temporary trading suspension; regulatory oversight.</li></ul>
  </section>

  <section data-block="category">
    <h3>Legal</h3>
    <p>Category: Legal. The piece centers on regulatory actions and delisting procedures, signaling heightened legal/regulatory risk to MAMK and potential liquidity implications.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Near-term liquidity risk as Nasdaq delisting proceeds.</li><li>Trading halted since Dec 2025; potential move to OTC.</li><li>Regulatory delisting may compress multiples and access to capital.</li><li>Hearing decision timing could trigger a gap move.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>MaxsMaking Inc. ticker MAMK on NASDAQ.</li><li>Nasdaq Staff Determination dated July 17, 2026.</li><li>SEC suspended trading November 17, 2025; Nasdaq halted December 2, 2025.</li><li>Company will request a hearing under Nasdaq Rule 5815; automatic stay.</li><li>Trading halt remains in place during the hearing; delisting decision expected.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Bearish near-term thesis: delisting risk plus halted trading likely pressures MAMK price until a Hearing Panel decision within weeks.</p>
  </section>
</section>


<p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">SHANGHAI</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">July 23, 2026</span> /PRNewswire/ -- MaxsMaking Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/MAMK">MAMK</a>) (&#34;MaxsMaking&#34; or the &#34;Company&#34;), a manufacturer of customized consumer goods with a focus on advanced technology and innovation, today announced that it received a Staff Delisting Determination (the &#34;Staff Determination&#34;), dated July 17, 2026, from the Listing Qualifications Department of The Nasdaq Stock Market LLC (&#34;Nasdaq&#34;), stating that Nasdaq has determined to delist the Company&#39;s securities.</p>
<p xmlns="http://www.w3.org/1999/xhtml">Following a temporary trading suspension in the Company&#39;s securities by the U.S. Securities and Exchange Commission (the &#34;SEC&#34;) on November 17, 2025, Nasdaq halted trading in the Company&#39;s securities on December 2, 2025, and has now determined to delist the Company&#39;s securities pursuant to its discretionary authority contained in Nasdaq Listing Rule IM-5101-4.</p><p xmlns="http://www.w3.org/1999/xhtml">Nasdaq Listing Rule IM-5101-4 allows Nasdaq &#34;to exercise discretion to delist a company from Nasdaq based on the potential for one or more third parties to engage in misconduct impacting a company&#39;s securities where the SEC has implemented a temporary trading suspension.&#34; Nasdaq believes that the ability for third parties to manipulate a security&#39;s price indicates that the security does not have sufficient liquidity to promote fair and orderly markets and, therefore, delisting is consistent with the protection of investors and the public interest, and that it is appropriate to use its authority under IM-5101-4 to delist the Company&#39;s securities from Nasdaq based on those factors that make the Company&#39;s securities susceptible to manipulation.</p><p xmlns="http://www.w3.org/1999/xhtml">The Company intends to request a hearing before an independent Hearing Panel pursuant to Nasdaq Listing Rule 5815. The hearing request will result in an automatic stay of any delisting or suspension action, pending the Hearings Panel decision; notwithstanding, the Company&#39;s securities will remain in the trading halt pending the Hearing Panel&#39;s decision. </p><p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">About MaxsMaking Inc.</b></p><p xmlns="http://www.w3.org/1999/xhtml">Founded in 2007 and headquartered in Shanghai, MaxsMaking Inc. specializes in customized consumer goods with a focus on advanced technology and innovation. With production facilities in China&#39;s Zhejiang and Henan provinces, the Company integrates digital production, software development, product design, brand management, online sales and international trade to deliver small-batch textile customization services. Its products include backpacks, shopping bags, aprons, and other promotional items. Using sustainable materials and proprietary order management technologies, MaxsMaking delivers high-quality, cost-effective products while emphasizing environmental protection and social responsibility. For more information, please visit the Company&#39;s website: <a xmlns="http://www.w3.org/1999/xhtml" href="https://ir.maxsmaking.com/" target="_blank" rel="nofollow"><b xmlns="http://www.w3.org/1999/xhtml">https://ir.maxsmaking.com</b></a>.</p><p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">Forward-Looking Statements</b></p><p xmlns="http://www.w3.org/1999/xhtml">Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company&#39;s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as &#34;approximates,&#34; &#34;believes,&#34; &#34;hopes,&#34; &#34;expects,&#34; &#34;anticipates,&#34; &#34;estimates,&#34; &#34;projects,&#34; &#34;intends,&#34; &#34;plans,&#34; &#34;will,&#34; &#34;would,&#34; &#34;should,&#34; &#34;could,&#34; &#34;may&#34; or other similar expressions in this announcement. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company&#39;s registration statement and other filings with the U.S. Securities and Exchange Commission.</p>



<p xmlns="http://www.w3.org/1999/xhtml" id="PURL"><img xmlns="http://www.w3.org/1999/xhtml" title="Cision" width="12" height="12" alt="Cision" src="https://edge.prnewswire.com/c/img/favicon.png?sn=CN11552&amp;sd=2026-07-23"></img> View original content:<a xmlns="http://www.w3.org/1999/xhtml" id="PRNURL" rel="nofollow" href="https://www.prnewswire.com/news-releases/maxsmaking-inc-announces-receipt-of-nasdaq-delisting-determination-notice-302833869.html" target="_blank">https://www.prnewswire.com/news-releases/maxsmaking-inc-announces-receipt-of-nasdaq-delisting-determination-notice-302833869.html</a></p><p xmlns="http://www.w3.org/1999/xhtml">SOURCE MaxsMaking Inc.</p>

MaxsMaking has received a Nasdaq Staff Delisting Determination and plans to appeal, while trading remains halted. The regulator cites liquidity and potential manipulation risks, raising near-term liquidity challenges and possible OTC relocation or wind-down. The outcome hinges on a Hearing Panel decision, likely within weeks, with material implications for MAMK's valuation and capital access.

News insight

MaxsMaking Inc. Announces Receipt of Nasdaq Delisting Determination Notice

AI summary

Sentiment rationale

Key facts

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