HONG KONG, Aug. 11, 2026 (GLOBE NEWSWIRE) -- UCLOUDLINK GROUP INC. (“UCLOUDLINK” or the “Company”) (NASDAQ: UCL), the world’s first and leading mobile data traffic sharing marketplace, today announced that it has received written notification from the staff of the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) dated August 10, 2026, indicating that for the last 33 consecutive business days, the closing bid price for the Company’s American depositary shares (the “ADSs”) was below the minimum bid price of US$1.00 per share requirement set forth in Nasdaq Listing Rule 5450(a)(1). The Nasdaq notification letter has no immediate effect on the listing or trading of the Company’s ADSs on Nasdaq.

Pursuant to the Nasdaq Listing Rule 5810(c)(3)(A), the Company is provided with a compliance period of 180 calendar days, or until February 8, 2027, to regain compliance under the Nasdaq Listing Rules. If at any time during the 180-day compliance period, the closing bid price of the Company’s ADSs is US$1.00 per share or higher for a minimum of ten consecutive business days, Nasdaq will provide the Company written confirmation of compliance and the matter will be closed. In the event the Company does not regain compliance by February 8, 2027, subject to the determination by the staff of Nasdaq, the Company may be eligible for an additional 180-day compliance period.

The Nasdaq notification letter does not affect the Company’s business operations, and the Company will take all reasonable measures to regain compliance within the prescribed compliance period.

About UCLOUDLINK GROUP INC.

UCLOUDLINK is the world’s first and leading mobile data traffic sharing marketplace, pioneering the sharing economy business model for the telecommunications industry. The Company’s products and services deliver unique value propositions to mobile data users, handset and smart-hardware companies, mobile virtual network operators (MVNOs) and mobile network operators (MNOs). Leveraging its innovative cloud SIM technology and architecture, the Company has redefined the mobile data connectivity experience by allowing users to gain access to mobile data traffic allowance shared by network operators on its marketplace, while providing reliable connectivity, high speeds and competitive pricing.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Among other things, the financial guidance and quotations from management in this announcement, as well as UCLOUDLINK’s strategic and operational plans, contain forward-looking statements. UCLOUDLINK may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about UCLOUDLINK’s beliefs and expectations, are forward-looking statements. Forward looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: UCLOUDLINK’s strategies; UCLOUDLINK’s future business development, financial condition and results of operations; UCLOUDLINK’s ability to increase its user base and usage of its mobile data connectivity services, and improve operational efficiency; competition in the global mobile data connectivity service industry; changes in UCLOUDLINK’s revenues, costs or expenditures; governmental policies and regulations relating to the global mobile data connectivity service industry, general economic and business conditions globally and in China; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company’s filings with the Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of the press release, and UCLOUDLINK undertakes no duty to update such information, except as required under applicable law.

For more information, please contact:

UCLOUDLINK GROUP INC.
Daniel GaoTel: +852-2180-6111
E-mail: ir@ucloudlink.com

Investor Relations:
Christensen Advisory
Christian Arnell, Managing Director
Tel: +852-2117-0861
E-mail: ucloudlink@christensencomms.com

Taipei is doubling down on efforts to cut consumption of single-use beverage cups, rolling out a city-backed discount that rewards customers for bringing their own containers to popular hand-shaken drink chains. From July 2 through Dec. 31, consumers who visit participating Taipei outlets of Milksha (迷客夏) and TEA TOP on Thursdays will receive a NT$10 discount per drink when they use a reusable cup, up from the standard NT$5 required by national rules.

The program, jointly launched by the Taipei Environmental Protection Department and the two chains, covers 46 Taipei stores and is capped at 50 discounted drinks per outlet each Thursday. The NT$10 reduction combines the existing NT$5 price difference that chains must offer under the "Restrictions on the Use of Disposable Beverage Cups" with an additional NT$5 subsidy from the city. The offer does not apply to prepaid or stored-value orders, and outlets in other municipalities continue to provide only the basic NT$5 discount.

Taipei officials say the initiative builds on a smaller 2023 pilot with five brands and 18 outlets that generated 4,385 instances of reusable-container use between Sept. 18 and Oct. 9. By expanding the scope and duration and partnering with high-traffic milk tea brands, the city estimates the latest round could spur about 50,000 drinks served in personal cups, cutting a similar number of disposable cups from the waste stream. Authorities argue that as more people adjust their daily purchasing habits, the cumulative impact on waste reduction, resource use and environmental pressure will become increasingly significant.

The city is also tying the push to its digital payments ecosystem. Consumers who register for the "Plastic Reduction EasyLife" (減塑EasyLife) campaign in the EasyCard Pay (悠遊付) app and link a mobile barcode can earn additional rewards when they buy drinks in reusable cups and opt for cloud invoices, on top of the price discount offered at the counter. Taipei officials frame the effort as a public–private partnership designed to make environmentally friendly behavior financially attractive, positioning the weekly rebate as both a way to trim beverage costs and a step toward a longer-term shift away from disposable cups in one of the world’s most beverage-focused urban markets.