TDH Holdings Inc (PETZ)

TDH Holdings, Inc. Reports Full Year 2025 Audited Financial ResultsApril 20, 2026 4:05 PM
PR Newswire (US)

BEIJING, April 20, 2026 /PRNewswire/ -- TDH Holdings, Inc. (NASDAQ: PETZ) ("TDH" or the "Company"), a PRC-based company that is an operator and manager of commercial real estate properties, announced today its financial results for the fiscal year ended December 31, 2025.Full Year 2025 Financial Highlights:

 For the Twelve Months Ended December 31,  ($ millions, except per share data) 
2025
2024
 % Change   Revenues from continuing operations 
$1.25
$0.56
121.96 % Gross profit (loss)
($0.01)
$0.24
(104.92) % Gross profit (loss) margin 
(0.94) %
42.29 %
(43.23) pp* Loss from operations
($1.83)
($1.83)
(0.11) % Operating loss margin 
(146.31) %
(325.10) %
178.79 pp* Net income (loss) attributable to common
stockholders 
$1.80
$2.68
(32.97 %)Earnings (loss) per share - basic and
diluted 
$0.17
$0.26
(32.97 %)






 * pp: percentage points 





Revenues from continuing operations increased by approximately 121.96% from $0.56 million in fiscal year 2024 to $1.25 million in fiscal year 2025. We have strengthened our brand image and enhanced our market competitiveness by upgrading service quality and optimizing the leasing process, among other measures. Meanwhile, we are committed to establishing long-term and stable cooperative relationships with our clients, laying a solid foundation for the sustained growth of our business. We expect revenue from our commercial real estate leasing business to maintain a growth trend in the near term.Gross loss from continuing operations was $0.01 million in fiscal year 2025 as compared to gross profit from continuing operations of $0.24 million in fiscal year 2024. The decrease in gross margin in 2025 was mainly due to the reclassification of agency service costs and maintenance costs directly related to the leasing business from administrative expenses to cost of revenues.Operating loss from continuing operations was $1.83 million for the fiscal year ended December 31, 2025, compared with $1.83 million for the same period in 2024. As a percentage of total revenues, the operating loss ratio improved significantly to approximately negative 146.31% in 2025 from negative 325.10% in 2024. The improvement in operating loss performance was primarily driven by the substantial increase in total revenues during the year.Net income attributable to common stockholders was $1.80 million, or an income per share of $0.17, for the fiscal year 2025 as compared to net loss of $1.80 million, or a loss per share of $0.26, for fiscal year 2024. The decrease in our net income and diluted earnings per share was primarily due to non-recurring losses recognized in connection with the disposal and liquidation of certain non-core legacy subsidiaries, partially offset by higher revenue generated from our commercial real estate management business and improved investment income during 2025.Full Year 2025 Financial ResultsRevenuesThe Company's revenues are generated from commercial property leasing and related management services. Revenues from continuing operations increased by approximately 121.96% from $0.56 million in fiscal year 2024 to $1.25 million in fiscal year 2025, driven by the expansion of our property portfolio and improved leasing performance.

 For the Twelve Months Ended December 31, 

2025

2024

 Y/Y Change 


Revenues
($'000)
% of
Total

Revenues
($'000)
% of
Total

Amount
($'000)
%Commercial real estate business revenue
1,258
100.51 %

566
100.36 %

692
122.26 % Less: sales tax and additional surcharge 
(6)
-0.51 %

(2)
-0.36 %

4
234.3 % Total $1,251
100.00 %
$564
100.00 %
$687
121.96 %



















For the year ended December 31, 2025, the Company generated all of its revenues from commercial property leasing and related property management services. We completed the discontinuation of our legacy pet food and restaurant business segments in prior periods and have since fully focused on commercial real estate leasing and property management operations. As we continue to scale our commercial real estate portfolio and enhance leasing execution, revenues from continuing operations increased by $0.69 million, or 121.96%, to $1.25 million for the year ended December 31, 2025 from $0.56 million in 2024. We expect our revenue from the commercial real estate management business will continue to grow in the near future.Cost of revenuesOur cost of revenues from continuing operations is primarily comprised of lease and occupancy costs, depreciation and amortization costs, and agency service costs. Our cost of revenues from continuing operations increased by $937,696, or 288.25%, for the year ended December 31, 2025, as compared to the year ended December 31, 2024. This increase was in line with the growth in revenues from our continuing operations. Our cost of revenues as a percentage of revenues was 100.94% and 57.71% for the years ended December 31, 2025 and 2024, respectively.Gross profit (loss) and gross profit (loss) marginOur gross margin from continuing operations was -0.94% for the year ended December 31, 2025, compared with a gross margin of 42.29% for the year ended December 31, 2024. The decrease in gross margin in 2025 was mainly due to the reclassification of agency service costs and maintenance costs directly related to the leasing business from administrative expenses to cost of revenues.Operating expenseOperating expense consists of selling expenses and general and administrative expenses.Operating expenses from our continuing operations were $1,818,978 and $2,071,079, for the years ended December 31, 2025 and 2024, respectively, a decrease of $252,101, or -12.17% in fiscal year 2025 as compared to fiscal year 2024. The ratio of operating expenses as a percentage of revenue decrease from 367.39% for the year ended December 31, 2024 to 145.37% for the year ended December 31, 2025.Selling expense from our continuing operations was $49,583 and $0 for the years ended December 31, 2025, and 2024, respectively, an increase of $49,583 or 100%. Our selling expenses was $49,583 in 2025 as compared to $0 in 2024, mainly due to expenses incurred to expand its sales activities.General and administrative expenses from our continuing operations were $1,769,395 and $1,745,247 for the years ended December 31, 2025 and 2024 respectively, representing an increase of $24,148, or 1.38%, in fiscal year 2025 as compared to fiscal year 2024. The main reason for the increase was mainly due to property management fees and depreciation expenses relating to additional properties.Impairment of goodwill charge was $0 million in fiscal year 2025, as compared to $0.32 million in fiscal year 2024.Operating loss and operating loss marginOperating loss from our continuing operations was $1.83 million for fiscal year 2025, as compared to an operating loss of $1.83 million for fiscal year 2024. Our operating loss as a percentage of total revenues was approximately negative 146.31% and negative 325.10% for the years ended December 31, 2025 and 2024, respectively. The significant improvement in the operating loss margin was primarily driven by the substantial increase in revenue from our commercial real estate leasing and property management business.Net income (loss) and earnings (loss) per shareNet income was $1.78 million for fiscal year 2025, compared to net income of $2.50 million for fiscal year 2024. Net income attributable to common shareholders was $1.78 million, or earnings per share of $0.17, for fiscal year 2025. This compares to net income attributable to common shareholders of $2.68 million, or earnings per share of $0.26 for fiscal year 2024. The decrease in our net income was primarily due to non-recurring losses from the liquidation of legacy non-core subsidiaries, partially offset by higher revenue from our commercial real estate property business segment and increased investment income for the year ended December 31, 2025.Financial ConditionsAs of December 31, 2025, the Company had cash and cash equivalents of $19.16 million, compared to $15.70 million as of December 31, 2024. Accounts receivable, net was $0.07 million as of December 31, 2025, compared to $0.01 million as of December 31, 2024. As of December 31, 2025, the Company had working capital of approximately $27.40 million, compared to $24.60 million as of December 31, 2024.Net cash used in operating activities was $1.78 million for the fiscal year ended December 31, 2025, compared to net cash used in operating activities of $0.23 million for fiscal year 2024. Net cash provided by investing activities was $6.24 million for fiscal year 2025, compared to $2.78 million for fiscal year 2024. Net cash used in financing activities was $1.05 million for fiscal year 2025, compared to no net cash provided by or used in financing activities in fiscal year 2024.Liquidity Our consolidated financial statements have been prepared assuming we will continue as a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business.Following our discontinuation of the restaurant business in June 2024, we have fully shifted our operating focus to the ownership, operation and management of commercial real estate properties. During fiscal year 2025, revenue from our commercial real estate business increased significantly to $1.25 million, representing substantial growth as compared to prior periods. Currently, substantially all of our revenue is derived from our commercial real estate property business. Our future business growth and operational stability depend, in part, on our ability to successfully onboard, lease and manage additional commercial properties.If we are not able to effectively manage, lease and acquire new properties that generate stable rental revenue, we may not be able to grow and maintain our business as anticipated, and our revenue may decline. As a result, our future business, financial condition and results of operations may be materially adversely affected. There can be no assurances that future revenue growth or potential capital infusion will be sufficient to enable us to achieve sustained profitability or continuous positive cash flows. In assessing our liquidity, management monitors and analyzes our cash and cash equivalents, our ability to generate recurring revenue, and our operating and capital expenditure commitments.As of December 31, 2025, we had cash and cash equivalents of approximately $19.16 million. We also had short-term investments of approximately $14.53 million, which are highly liquid and can be readily converted into cash to support our operations as needed.As of December 31, 2025, our major liabilities included accounts payable of $0.09 million, advances from customers of $0.26 million, due to related parties of $0.30 million, current portion of operating lease liabilities of $0.92 million, and non-current portion of operating lease liabilities of $2.86 million. Our working capital amounted to approximately $27.40 million as of December 31, 2025. Based on the current operating plan, management believes that the Company's cash position, highly liquid short-term investments and improved operating cash flows collectively will provide sufficient liquidity to meet its anticipated liquidity and capital requirements for at least 12 months from the date the audited financial statements are issued.NoticeRounding amounts and percentages: Certain amounts and percentages included in this press release have been rounded for ease of presentation. Percentage figures included in this press release have not in all cases been calculated on the basis of such rounded figures, but on the basis of such amounts prior to rounding. For this reason, certain percentage amounts in this press release may vary from those obtained by performing the same calculations using the figures in the financial statements. In addition, certain other amounts that appear in this press release may not sum due to rounding.About TDH Holdings, Inc.Founded in April 2002, TDH Holdings, Inc. (the "Company") (NASDAQ: PETZ), a PRC-based company that is an owner, operator and manager of commercial real estate properties. More information about the Company can be found at www.tiandihui.com.Forward-Looking StatementsThis press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may," "will," "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Specifically, the Company's statements regarding, among others, its growth and business outlook, the excepted revenue growth from the Company's commercial real estate management business and the Company's ability to execute on its business plan, are forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's goals and strategies; the Company's future business development; general risks affecting the commercial real estate industry (including, without limitation, the inability to enter into or renew leases on favorable terms, changes in client preferences and space utilization, dependence on clients' financial condition, and competition from other developers, owners and operators of real estate); changes in technology; economic conditions; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China and the United States and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the Securities and Exchange Commission. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. For more information, please contact:Feng Zhang, CFO
Email: tdhpets @Phooey-1983 TDH HOLDINGS, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS


December 31,

December 31,


2025

2024
ASSETS


CURRENT ASSETS:





Cash and cash equivalents
$19,138,205

$15,699,562
Restricted cash

19,950


-
Short-term investments

14,531,930


12,952,597
Accounts receivable, net

75,346


5,748
Advances to suppliers, net

198,401


37,790
Prepayments and other current assets, net

146,385


103,519
Total current assets

34,110,217


28,799,216
NON-CURRENT ASSETS







Property, plant and equipment, net

2,398,192


2,363,989
Operating lease right-of-use assets

3,787,265


2,175,456
Total non-current assets

6,185,457


4,539,445
Total assets
$40,295,674

$33,338,661









LIABILITIES AND SHAREHOLDERS' EQUITY







CURRENT LIABILITIES:







Accounts payable
$90,006

$122,251
Deferred lease revenue

255,383


183,173
Bank overdrafts

-


73,105
Short-term loans - related parties

-


261,725
Taxes payable

11,215


14,681
Due to related parties

300,000


200,318
Operating lease liabilities, current

921,524


486,121
Other current liabilities

5,135,539


2,859,061
Total current liabilities

6,713,667


4,200,435
NON-CURRENT LIABILITIES:







Operating lease liabilities, non-current

2,860,197


1,738,371
Total liabilities

9,573,864


5,938,806
SHAREHOLDERS' EQUITY:







Common shares ($0.02 par value; 50,000,000 shares authorized;
     10,323,268 shares issued and outstanding at December 31, 2025
     and 2024)

206,465


206,465
Additional paid-in capital

51,129,439


51,129,439
Accumulated deficit

(20,620,053)


(23,937,478)
Accumulated other comprehensive loss

(72,820)


(95,784)
Total TDH Holdings, Inc. shareholders' equity

30,643,031


27,302,642
Non-controlling interest

78,779


97,213
Total shareholders' equity

30,721,810


27,399,855
Total liabilities and shareholders' equity
$40,295,674

$33,338,661

The accompanying notes are an integral part of these consolidated financial statements.  TDH HOLDINGS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)


For The Years Ended December 31,


2025

2024

2023
Net revenue
$1,251,259

$563,726

$754
Total revenue

1,251,259


563,726


754
Cost of revenue

1,263,000


325,304


976
Total cost of revenue

1,263,000


325,304


976
Gross profit

(11,741)


238,422


(222)
Operating expenses:











Selling expense

49,583


-


22
General and administrative expense

1,769,395


1,745,247


3,145,280
Stock-based compensation expense

-


-


3,040,000
Impairment of goodwill

-


325,832


-
Total operating expenses

1,818,978


2,071,079


6,185,302
Loss from operations

(1,830,719)


(1,832,657)


(6,185,524)
Interest income (expense)

112,085


(68,858)


(14,276)
Other income (expense)

(6,711,077)


(2,844,939)


461,461
Gain (loss) on disposal of subsidiaries

(590,528)


-


-
Investment income (loss), net

10,801,316


6,671,948


(2,644,576)
Total other income (expenses)

3,611,796


3,758,151


(2,197,391)
Income (loss) before income tax provision

1,781,077


1,925,494


(8,382,915)
Income tax provision

-


(182)




Net income (loss) from continuing operations

1,781,077


1,925,312


(8,382,915)
Net income (loss) from discontinued operations of
Tiandihui

-


-


(15,095,547)
Net income (loss) from discontinued operations of Bo
Lings and Far Lings

-


575,249


(153,054)
Net income (loss)

1,781,077


2,500,561


(23,631,516)
Less: Net income (loss) attributable to non-controlling
interest

(18,434)


(183,961)


(5,344)
Net income (loss) attributable to TDH Holdings, Inc.
$1,799,511

$2,684,522

$(23,626,172)
Comprehensive income (loss)











Net income (loss)
$1,781,077

$2,500,561

$(23,631,516)
Foreign currency translation adjustment

22,964


(718)


(523,315)
Total comprehensive income (loss)

1,804,041


2,499,843


(24,154,831)
Less: Comprehensive income (loss) attributable to non-
controlling interest

(18,434)


(333,106)


(5,344)
Comprehensive income (loss) attributable to TDH
Holdings, Inc.
$1,822,475

$2,832,949

$(24,149,487)













Earnings (loss) per common share attributable to TDH
Holdings, Inc.











Basic
$0.17

$0.26

$(2.29)
Diluted
$0.17

$0.26

$(2.29)
Weighted average common shares outstanding











Basic

10,323,268


10,323,268


10,323,268
Diluted

10,323,268


10,323,268


10,323,268

The accompanying notes are an integral part of these consolidated financial statements.  TDH HOLDINGS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY


Number of
Shares*

Common
Shares

Additional
Paid-in
Capital

Stock
Subscription
Receivable

Statutory
Reserves

Accumulated
Deficit

Accumulated
Other
Comprehensive
Income (Loss)

Total
Stockholders'
Equity
Attributable
to TDH

Non-
controlling
Interest

Total
Stockholders'
Equity
Balance, December 31, 2022

10,323,268

$206,465

$48,089,439

$-

$160,014

$(28,165,927)

$428,249

$20,718,240

$435,663

$21,153,903
Net loss

-


-






-


-


(23,626,172)


-


(23,626,172)


(5,344)


(23,631,516)
Stock-based compensation expense









3,040,000


















3,040,000






3,040,000
Adjustment to reflect the effect of disposal of Tiandihui and
Chongaijiujiu

-


-


-


-


(160,014)


25,170,099


-


25,010,085


-


25,010,085
Foreign currency translation adjustment

-


-


-


-


-


-


(523,315)


(523,315)


-


(523,315)
Balance, December 31, 2023

10,323,268

$206,465

$51,129,439

$-

$-

$(26,622,000)

$(95,066)

$24,618,838

$430,319

$25,049,157
Net income

-


-






-


-


2,684,522


-


2,684,522


(183,961)


2,500,561
Foreign currency translation adjustment

-


-


-


-


-


-


(718)


(718)


(149,145)


(149,863)
Balance, December 31, 2024

10,323,268

$206,465

$51,129,439

$-

$-

$(23,937,478)

$(95,784)

$27,302,642

$97,213

$27,399,855
Net income

-


-


-


-


-


1,799,511


-


1,799,511


(18,434)


1,781,077
Adjustment to reflect the effect of disposal of
BVBA

-


-


-


-


-


1,517,914


-


1,517,914


-


1,517,914
Foreign currency translation adjustment

-


-


-


-


-


-


22,964


22,964


-


22,964
Balance, December 31, 2025

10,323,268

$206,465

$51,129,439

$-

$-

$(20,620,053)

$(72,820)

$30,643,031

$78,779

$30,721,810


The accompanying notes are an integral part of these consolidated financial statements.
  TDH HOLDINGS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS


For The Years Ended December 31,


2025

2024

2023
Cash flows from operating activities








Net income (loss)
$1,781,077

$2,500,561

$(23,631,516)
Less: Net income (loss) from discontinued operations

-


575,249


(15,248,601)
Net income (loss) from continuing operations

1,781,077


1,925,312


(8,382,915)
Adjustments to reconcile net income (loss) to net cash
provided by (used in) operating activities:











Depreciation and amortization expense

221,223


111,642


22,649
Fair value change of short-term investments, net

(10,801,316)


(6,671,948)


2,644,576
Impairment of goodwill

-


325,832


-
Impairment of long-lived assets other than goodwill

-


-


1,964
Inventory write-down

-


-


69,677
Allowance for doubtful accounts

-


-


22,674
Loss on disposal of subsidiaries

590,528


-


-
Loss (gain) on disposal of property, plant and
equipment

-


59,009


37,766
Amortization of operating lease right-of-use assets

869,382


459,251


2,623,288
Stock-based compensation

-


-


3,040,000
Changes in operating assets and liabilities:











Accounts receivable, net

(141,066)


114,462


40,894
Inventories, net

-


8,370


44,240
Operating lease liabilities

(924,186)


(441,402)


691,854
Due to related parties

100,000


-


1,928,329
Advances to suppliers, net

(157,201)


(38,144)


(32,465)
Prepayments and other current assets, net

(41,125)


(1,660,998)


(3,210,336)
Accounts payable

2,847,169


2,927,432


(369,142)
Accounts payable - related parties

-


-


502,635
Interest payable

-


30,662


3,573
Taxes payable

5,191


6,982


(2,445)
Advances from customers

67,256


185,145


(6,974)
Other current liabilities

3,802,884


4,420,782


(1,234,226)
Net cash provided by (used in) operating activities from
continuing operations

(1,780,184)


1,762,389


(1,564,383)
Net cash provided by (used in) operating activities from
discontinued operations

-


(1,996,377)


999,987
Net cash used in operating activities
$(1,780,184)

$(233,987)

$(564,396)
Cash flows from investing activities











Payments to acquire property and equipment

(244,088)


(1,881,370)


(7,655)
Disposal of subsidiaries

-


578,400


-
Cash obtained from business acquisition

-


16,047


-
Purchase of short-term investments

(60,393,565)


(46,777,749)


(37,066,925)
Proceeds from sale of short-term investments

66,873,258


50,944,982


31,024,365
Investment in equity

-


(99,280)


-
Leasehold improvement

-


-


(16,836)
Net cash provided by (used in) investing activities from
     continuing operations

6,235,605


2,781,030


(6,067,051)
Net cash provided by investing activities from
discontinued operations

-


-


-
Net cash provided by (used in) investing activities

6,235,605


2,781,030


(6,067,051)
Cash flows from financing activities











Repayments to related parties

-


-


(6,774)
Repayments of short-term loans

(422,237)


-


-
Payment to related party

(624,595)


-


-
Net cash (used in)  financing activities from
continuing operations

(1,046,832)


-


(6,774)
Net cash provided by financing activities from
discontinued operations

-


-


-
Net cash (used in)  financing activities
$(1,046,832)

$-

$(6,774)
Effect of exchange rate changes on cash, cash
     equivalents and restricted cash

50,004


(508,863)


(1,557,522)
Net change in cash, cash equivalents and restricted
cash

3,458,593


2,038,180


(8,195,743)
Cash, cash equivalents and restricted cash, beginning
of the year

15,699,562


13,661,382


21,857,125
Cash, cash equivalents and restricted cash, end of the
year
$19,158,155

$15,699,562

$13,661,382
Less: Cash and restricted cash of discontinued
     operations at the end of the period

-


-


534,777
Cash and restricted cash of continued operations at the
end of the period
$19,158,155

$15,699,562

$13,126,605













Supplemental cash flow information











Interest paid
$-

$-

$-
Income taxes paid
$-

$-

$-













Non-cash investing and financing activities











Liabilities assumed in connection with purchase of
     property, plant and equipment
$-

$-

$-
Notes payable reclassified to short-term loans
$-

$-

$-
Short-term loans settled by transferring an equity
     investment to the creditor
$-

$-

$-
Cashless exercise of warrants
$-

$-

$-
Right of use assets obtained in exchange for operating
lease obligations
$2,406,836

$2,665,894

$-
Reconciliation of cash, cash equivalents, and
     restricted cash to the consolidated balance sheets











Cash and cash equivalents
$19,138,205

$15,699,562

$13,126,605
Restricted cash
$19,950

$-

$534,777
Total cash, cash equivalents, and restricted cash
$19,158,155

$15,699,562

$13,661,382

The accompanying footnotes are an integral part of these financial statements. 



View original content:https://www.prnewswire.com/news-releases/tdh-holdings-inc-reports-full-year-2025-audited-financial-results-302747521.htmlSOURCE TDH Holdings, Inc.

Original: TDH Holdings, Inc. Reports Full Year 2025 Audited Financial Results

TDH Holdings, Inc. Announces Receipt of Nasdaq Notice Regarding Board and Audit Committee Composition RequirementsMarch 18, 2026 8:00 AM
PR Newswire (US)

BEIJING, March 18, 2026 /PRNewswire/ -- TDH Holdings, Inc. (NASDAQ: PETZ) ("TDH" or the "Company"), a PRC-based company that is an owner, operator and manager of commercial real estate properties, announced that it has received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that it is not in compliance with Nasdaq's independent director and audit committee requirements as set forth in Listing Rule 5605. This press release is issued pursuant to Nasdaq Listing Rule 5810(b), which requires disclosure of receipt of a deficiency notification. The notification has no immediate effect on the listing of the Company's common shares, which will continue to trade uninterrupted on Nasdaq under the ticker "PETZ."On March 11, 2026, the Company notified Nasdaq that, due to the resignation of Qiu Li from the Company's Board and its committees effective as of March 11, 2026, the Company was no longer in compliance with Nasdaq Listing Rule 5605(b)(1), requiring that a majority of the Board consist of independent directors, and Nasdaq Listing Rule 5605(c)(2)(A), requiring that the Audit Committee consist of at least three independent board members. On March 13, 2026, the Company received a notice from the Listing Qualifications Department of Nasdaq that the Company no longer complies with Nasdaq's independent director and audit committee requirements as set forth in Listing Rule 5605, and confirming the availability of the cure period under Nasdaq Listing Rule 5605(b)(1)(A) and Nasdaq Listing Rule 5605(c)(4), permitting the Company to regain compliance with Nasdaq Listing Rule 5605(b)(1) and Nasdaq Listing Rule 5605(c)(2)(A) by the earlier of the Company's next annual meeting of stockholders or March 11, 2027, or, if the next annual meeting of stockholders is held before September 8, 2026, then the Company must evidence compliance no later than September 8, 2026.The Company intends to regain compliance as soon as possible, and within the cure periods provided under Nasdaq Listing Rule 5605(b)(1)(A) and Nasdaq Listing Rule 5605(c)(4), by appointing an additional independent director of the Company to fill the vacancy on the Company's Board and its Audit Committee, Compensation Committee, and Nominating and Corporate Governance Committee.About TDH Holdings, Inc.Founded in April 2002, TDH Holdings, Inc. (the "Company") (NASDAQ: PETZ), a PRC-based company that is an owner, operator and manager of commercial real estate properties. More information about the Company can be found at www.tiandihui.com. Safe Harbor StatementThis press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may", "will", "intend", "should", "believe", "expect", "anticipate", "project", "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Specifically, the Company's statements regarding filing the vacancy on its board and committees within the cure period provided by Nasdaq, are forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's goals and strategies; the Company's future business development; general risks affecting the commercial real estate industry (including, without limitation, the inability to enter into or renew leases on favorable terms, changes in client preferences and space utilization, dependence on clients' financial condition, and competition from other developers, owners and operators of real estate); changes in technology; economic conditions;, reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China and the United States and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the Securities and Exchange Commission. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. For more information, please contact:Feng Zhang, CFO
Email: tdhpets @Phooey-1983 



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Original: TDH Holdings, Inc. Announces Receipt of Nasdaq Notice Regarding Board and Audit Committee Composition Requirements

PETZ: Again, (belatedly) THANKS for your comments!! (So many potential unanticipated VARIABLES --- as they say in Science journals --- behind ALL of this stuff!!)

$2 that’s a nice flip move from $1.80 just take your exits quickly. High unemployment in China and they legally eat there pets there dogs and cats so other then being a low floater 7m not much else ever happens here

On the China scam dump watchlist $1.80s now. Too risky no revenues not in this one but hey you never know it’s the month of China monkey

PETZ: Indeed!! I put it in my watch list when I saw it pop on the below site, and your post about it makes it even more interesting ---
https://www.tradingview.com/markets/stocks-usa/market-movers-after-hours-gainers/

A/h 2.34

PETZ over $2


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PETZ under $2

Nice

my last chinese stock - down only 50%

with interest rates so high im doing fixed income at 5%. quite a change for me lol

Trash, stock.enough said!!! Chinese garbage,Glad I dumped before reverse split

big pop in last 20 mins to 3.50

What’s the news?,, thanks for any news

$$$PETZ

This gotta be one of the dumbest reasons to pump Lmao offering cancellation but I aiight complaining

gonna go high real soon!

$PETZ AH $3.43 up16.67%

and is at present... Down to $2.50, 11% in under 30 minutes trading...

I took a loss on it yesterday……this will go back down.

Looks like it opened at $2.83, down now 4% premarket to $2.72........

Weeeeeeeeeeeeeeeeeeee

Complete trash…….

The new trend for china crap.

Alright thanks

A/S 50m O.S 6.3m new #s 6-14-2022 vs. bearisk (?) stock market background.

1:20 effective 6-14-2022. last pps @0.1888 x 20 r/s = $3.80 pps.

20 for 1 reverse split on the 14th.

yepper I dont see anything so likely a trading group grabbed it for the day

Typical pump and dump today……

The company has till Aug 22nd to get the stock price above $1.00. Without major news, that won’t happen….

More than likely yes…….

What's next a r/s?

Still feel this way? Lol

Some peoples trash is other peoples treasure. I'll add PETZ at this price.

Complete trash of a stock……..

Great China news
The U.S.-listed shares of China-based companies surged in premarket trading Friday, after Bloomberg reported that Chinese authorities are in the process of giving U.S. regulators full access to auditing reports. That would allow China-based companies to remain listed on U.S. exchanges, removing an overhang that has weighed on the American depositary receipts (ADRs) of China-based companies. The iShares MSCI China ETF jumped 4.0% ahead of the open, after having dropped 15.7% over the past three months through Thursday while the S&P 500 slipped 5.0%. Among the more active Chinese ADRs, shares of DiDi Group Holding Ltd. shot up 17.6%, Alibaba Group Holding Ltd. rallied 7.0%, iQIYI Inc. climbed 10.1%, NIO Inc. rose 5.9%, Pinduoduo Inc. hiked up 12.5% and Bilibili Inc. ran up 12.0%.

This stock ever going to break and hold .50 cents?

Moving up today. $PETZ close watch.

PETZ, revenue: $0.18 million? Hahaha, a joke!

Let’s break 0.50 PETZ

Petz eod run

oddly enough 4.3 million bidding at .4151

been a long slow heal. I just might get interested in an add is that 4.3M illion for sale .43 in afterhours gets cleaned out

Breaking out on right bollie. Ready to make next run

NO SHIT dude . $PETZ will spike so soon as every share which is so low. dude

It’s shit

the market is TOO bad ... Once another time

petz going bottom fishing here took a few lottos.

So why didn't this hit 1.00 dollar today instead of ending .36 cents?

yes a real RUNNER $PETZ

We got a runner!