LJ International Receives Nasdaq Additional Staff Determination Letter

LJ International Inc. (LJI) , one of the fastest-growing jewelry companies in the world and, through its ENZO brand, the largest foreign jewelry retailer in China, today announced that it has received an Additional Staff Determination Letter on October 25, 2007 indicating that it does not meet the majority independent director and audit committee requirements for continued listing on The Nasdaq Stock Market under Marketplace Rules 4350(c)(1) and 4350(d)(2), respectively. In addition, the Company is not eligible for the cure period provided in Marketplace Rule 4350.

LJ International Receives Nasdaq Additional Staff Determination Letter

 

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