EXPLANATORY NOTE

The Registrant has been granted an additional 180 days to regain compliance with Nasdaq's $1 minimum bid price requirement.

On September 21, 2023, the Registrant received a letter from the Listings Qualifications Department of The Nasdaq Stock Market LLC (the "Nasdaq") notifying the Registrant that Staff has determined that the Registrant will be eligible for an additional 180 calendar day period, or until March 18, 2024, to regain compliance with Nasdaq's $1 minimum bid price requirement. If at any time during this additional time period the closing bid price of the Company's security is at least $1 per share for a minimum of 10 consecutive business days, the Staff will provide written confirmation of compliance and this matter will be closed. If compliance cannot be demonstrated by March 18, 2024, or the Company does not comply with the terms of this extension, Staff will provide written notification that the Company's securities will be delisted. At that time, the Company may appeal Staff's determination to a Hearings Panel.

The Registrant requested to transfer to The Nasdaq Capital Market and the request was approved.

The Company was granted the first 180-day period through a letter dated March 22, 2023. The letter provided that the Company was eligible for a compliance period of 180 calendar days, or until September 18, 2023, to regain compliance with Nasdaq's $1 minimum bid price requirement. The Company did not regain compliance as of September 18, 2023, and as allowed under Listing Rule 5810(c)(3)(A), applied to transfer its securities to The Nasdaq Capital Market (the "Capital Market") to receive an additional compliance period. After evaluating the materials the Company submitted, the Staff has approved the Company's application to list its Class A common shares on the Capital Market. The approval of the transfer was conditioned upon the Company's written notice of its intention to cure the deficiency by effecting a reverse stock split, if necessary to be in compliance with Nasdaq's $1 minimum bid price requirement. The Company's securities will be transferred to the Capital Market at the opening of business on September 25, 2023.

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Dogness (International) Corporation published this content on 25 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 September 2023 21:02:11 UTC.