HONG KONG, Aug. 14, 2026 (GLOBE NEWSWIRE) -- PS International Group Ltd.  (“PSIG” or the “Company”) (Nasdaq: PSIG), a long-established global logistics and supply chain solution provider, today issued this press release to disclose that it received an official deficiency letter dated August 12, 2026 from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”).

Per Nasdaq Listing Rule 5550(b)(2), issuers on the Nasdaq Capital Market must maintain a minimum Market Value of Listed Securities (“MVLS”) of US35 million MVLS threshold during the measurement period.

The Nasdaq letter further confirmed the Company does not satisfy the two alternative continued listing criteria under Rule 5550(b):

1. Rule 5550(b)(1): Minimum stockholders’ equity of US$2,500,000;

2. Rule 5550(b)(3): Minimum annual net income from continuing operations of US$500,000.

Pursuant to Nasdaq Listing Rule 5810(c)(3)(C), the Company is granted a 180-calendar-day compliance period ending February 8, 2027 to cure the MVLS deficiency. To regain full listing compliance within this window, the Company’s MVLS must close at or above US$35,000,000 for a minimum of ten consecutive trading days during the compliance period.

This Nasdaq deficiency notice has no immediate suspension or delisting effect on the Company’s ordinary shares. PSIG’s ordinary shares will continue to trade normally on the Nasdaq Capital Market under ticker symbol “PSIG” while the Company pursues remediation actions.

Should the Company fail to restore the required US$35 million minimum MVLS by the February 8, 2027 deadline, Nasdaq will issue formal delisting notification. The Company reserves the right to submit a formal appeal to the Nasdaq hearings panel if such notice is received. Management will continuously monitor the Company’s daily MVLS and evaluate all viable strategic and capital market options to restore compliance with Nasdaq’s continued listing standards. There is no guarantee the Company will successfully regain or maintain listing compliance throughout the remediation window. A full Form 6-K disclosing this Nasdaq notice has been filed with the U.S. Securities and Exchange Commission (“SEC”).

About PS International Group Ltd.

PSIG is a long-established global logistics and supply chain solution provider specializing in air freight forwarding, ocean freight forwarding and end-to-end supply chain ancillary services, connecting Asian transportation hubs with the United States and over 140 other global markets. The Company operates its core businesses through two Hong Kong-based operating subsidiaries: Profit Sail Int’l Express (H.K.) Limited and Business Great Global Supply Chain Limited. Additional corporate and operational information is available on the Company’s official website: https://www.psi-groups.com/.

Forward-Looking / Safe Harbor Statement

This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, statements regarding the Company’s plans to regain Nasdaq listing compliance, the likelihood of curing the MVLS deficiency, and future capital market and operational strategies. These statements use identifying terminology such as “intend,” “will,” “plan,” “may,” “anticipate,” “evaluate,” “potential” and similar phrasing.

All forward-looking statements rely on management’s current expectations, forecasts and assumptions, and carry inherent known and unknown risks, uncertainties and external variables that could cause actual outcomes to differ materially from projected results. Key risks include volatile share price performance, fluctuations in the Company’s market capitalization, challenging global logistics market conditions, and unforeseen regulatory or capital market barriers. The Company undertakes no public obligation to update, amend or revise any forward-looking statements to reflect post-release events, new information or changed business circumstances, unless mandatory under applicable U.S. federal securities laws. Investors should carefully review all risk disclosures and operational details contained in the Company’s SEC filings, including its annual Form 20-F and periodic Form 6-K reports.

For more information, please contact:

PS International Group Ltd.
Man Kiu Chan
Chief Financial Officer
Email: joseph.chan@psi-groups.com

Sa Sa International Holdings Ltd. is ramping up store openings and restoring a full dividend payout after a sharp rebound in profit, underscoring management’s confidence in the recovery of Hong Kong and Macau’s beauty retail market. The cosmetics chain’s full-year sales rose 14.2% to HK$4.383 billion, while profit increased 1.6 times from a year earlier, allowing the group to boost its final dividend and return its payout ratio to 100%. Chairman and chief executive Simon Kwok said the stronger distribution reflects a “very strong” outlook, pointing to broad-based improvement in store traffic and spending.

Kwok said all key operating indicators in Hong Kong and Macau — including revenue, same-store sales, transaction volume, average ticket size and units per transaction — recorded year-on-year gains in the last financial year. Momentum has continued into the new year: in the first quarter of the current financial year, total revenue grew 24%, with offline sales up 30.9%. Hong Kong and Macau led with a 32.5% jump in offline sales, while Southeast Asia rose 17%. Online revenue slipped 3.2% overall, weighed by an 18.1% decline in mainland China, even as Hong Kong, Macau and Southeast Asia posted online growth.

On the back of the recovery, Sa Sa is reviving its brick‑and‑mortar expansion, particularly in tourist districts that were heavily rationalised during the downturn. The company plans to open 10 new stores in the current financial year; it has already added outlets in Mong Kok and Tsim Sha Tsui, including a large upstairs shop of about 6,000 to 7,000 square feet at the Mong Kok Man Wah Centre, on top of an existing ground‑floor unit. A store at the Airside mall in Kai Tak is slated to open in August, and another at Lok Ma Chau is planned to capture cross‑border traffic. Kwok said tourist‑area stores are now about half the number they once were, leaving “substantial room” to rebuild the network, though he stressed the group will not neglect local customers.

Store format will be a key part of the strategy. Kwok said he and his wife favour large outlets and that she has advocated opening flagship stores to serve both mainland and local shoppers in a more spacious, comfortable environment. Still, decisions between large and small formats will depend on rents and operating costs; smaller shops require less staff and investment. He said that while the opening of new outlets may “slightly” dilute same‑store sales metrics, the impact should be limited as long as locations and rental terms are carefully chosen. Footfall remains the main focus: “Only when there are people will there be revenue,” he said, adding that broader product assortment and competitive pricing should help underpin demand even as more drugstore and beauty chains enter the market.

Sa Sa also aims to stabilise and eventually grow its Southeast Asian operations, where the group ended the last financial year with 75 stores — 70 in Malaysia and five in Singapore. The region’s near‑term target is to achieve break‑even. Three of the five Singapore stores are already profitable, and Kwok said the company would consider opening more outlets there if suitable opportunities arise, noting that Singaporean sales growth was particularly strong in the second half of the year. The Malaysian business is described as stable, with management planning tighter cost control. Kwok played down concerns about competition from other travel destinations and cross‑border consumption trends, saying that Hong Kong remains convenient for many mainland visitors, some of whom come once or twice a month, and that the company’s breadth of products and pricing remain competitive.