ºÚÁÏÍø

Ostin Technology Group (Nasdaq: OST) announces its participation in CES 2025, scheduled for January 7-10, 2025, at the Las Vegas Convention Center. The company will showcase its latest wireless photo transmission products at booth 22015, Central Hall.

Key product highlights include:

• Pingo: A first-generation portable TV stand featuring built-in battery, wireless design, and rollable smart screen with Full HD display
• Pintura X's Pinpin series: Features an Android app allowing users to split images across multiple screens for video wall-like effects
• New AI photo editing capabilities for Pintura products, designed to make photo editing accessible to all age groups

Ostin Technology Group (Nasdaq: OST) has updated the effective date of its previously approved 1-for-10 reverse share split from December 26 to December 31, 2024. The split was approved by shareholders on November 25, 2024. Upon implementation, the total outstanding Class A ordinary shares will reduce from approximately 18.1 million to 1.81 million, with shares continuing to trade under the symbol 'OST' but with a new CUSIP number G67927114.

The reverse split aims to regain compliance with Nasdaq's minimum bid price requirement of $1.00 per share. The company will adjust its Memorandum of Association to reduce authorized shares and set post-split share par value at $0.001. Fractional shares will be rounded up to the nearest whole share.

Ostin Technology Group (Nasdaq: OST) has announced a 1-for-10 reverse share split effective December 26, 2024. The split will reduce outstanding Class A ordinary shares from approximately 18.1 million to 1.81 million. The company's shareholders approved this action at an extraordinary general meeting on November 25, 2024.

The initiative aims to regain compliance with Nasdaq's minimum bid price requirement of $1.00 per share. The company will maintain its "OST" ticker symbol, though with a new CUSIP number (G67927114). The company has also amended its Memorandum of Association to adjust the par value to $0.001 per share. Shareholders entitled to fractional shares will have their holdings rounded up to the nearest whole share.

Ostin Technology Group (Nasdaq: OST) held an Extraordinary General Meeting on November 26, 2024, where shareholders approved several key resolutions. The meeting resulted in the appointment of Audit Alliance LLP as the independent auditor for fiscal year 2024. Shareholders also approved a significant 1-for-10 share consolidation of the company's authorized share capital, affecting Class A ordinary shares, Class B ordinary shares, and preference shares. Additionally, the company adopted a Third Amended and Restated Memorandum and Articles of Association to reflect these changes, with provisions for handling fractional shares through rounding up to the nearest whole share.

Ostin Technology Group Co., (Nasdaq: OST), a leading Chinese supplier of display modules and polarizers, has received an additional 180-day extension from Nasdaq to regain compliance with the minimum $1.00 bid price requirement. The new deadline is set for January 13, 2025. This extension was granted based on OST meeting all other initial listing requirements for the Nasdaq Capital Market, except for the bid price rule. The company's shares will continue trading under the symbol 'OST' on the Nasdaq Capital Market. To regain compliance, OST's class A ordinary shares must maintain a closing bid price of at least $1.00 for a minimum of 10 consecutive business days. The company is monitoring the situation and considering options to meet this requirement, including the possibility of a reverse stock split if necessary.

Ostin Technology Group announced that its subsidiary, Pintura.Life, achieved significant success with its crowdfunding campaign on Indiegogo, raising nearly $100,000 in two months. This reflects strong consumer interest in Pintura's innovative digital photo frames, which integrate multiple screens and cloud-based photo albums.

In China, Pintura's products performed well during the June '618' shopping event, ranking among the top six best-selling digital photo frames on Tmall and JD.com. The company has established partnerships with offline distributors to create a nationwide network.

The digital photo frame market is projected to grow from $72 million in 2024 to $115.1 million by 2034, driven by advancements in technology. Ostin plans to expand Pintura's reach to more e-commerce platforms globally and penetrate additional markets, anticipating revenue growth in the latter half of 2024.

Ostin Technology Group Co., announces the commencement of operations of its subsidiary Pintura.Life in the U.S. The Company launches a crowdfunding campaign to introduce its Pintura products in the North American market, emphasizing its commitment to meeting the increasing demand for innovative technological solutions. Pintura offers a unique digital frame experience with multiple screens and cloud-based photo album integration. The Company's expansion into San Francisco signifies its strategic move to tap into the vibrant tech ecosystem and leverage market opportunities in North America.

Ostin Technology Group Co., (OST) announces a strategic campaign agreement with Indiegogo, Inc. to launch a crowdfunding campaign aiming to raise $300,000 for the upgrade of its flagship product, Pintura. The Company plans to expand its global sales channels, enhance brand recognition, and penetrate the US market. Funds raised will support software upgrades and functionality improvements for the innovative Pintura photo-sharing product.

Ostin Technology Group Co., Ltd. (OST) has received a notification from Nasdaq indicating that its closing bid price has been below the minimum requirement for the last 30 consecutive business days. The company has a 180-day compliance period to regain compliance, with the possibility of an additional 180-day period if necessary. If compliance is not regained, the company may be eligible for a reverse stock split.