Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing.
On September 22, 2022, Ever-Glory International Group, Inc. (the "Company")
received a notification letter (the "MVPHS Deficiency Notice") from the Listing
Qualifications Staff of the Nasdaq Stock Market LLC ("Nasdaq") notifying the
Company that the minimum market value of its publicly held shares has been below
$5,000,000 for a period of 31 consecutive business days and the Company
therefore no longer meets the minimum market value of its publicly held shares
requirement set forth in Nasdaq Listing Rule 5450(b)(1)(C) (the "MVPHS
Requirement").
The MVPHS Deficiency Notice received has no immediate effect on the listing of
the Company's common stock on Nasdaq.
Pursuant to Nasdaq Listing Rule 5810(c)(3)(D), the Company has 180 calendars
days, expiring March 21, 2023, to regain compliance with the MVPHS Requirement.
If the Company maintains a MVPHS at or greater than $5,000,000 for a minimum of
ten consecutive business days, it will regain compliance. If the Company does
not regain compliance within 180 calendar days, it will receive a written
notification from Nasdaq that its securities are subject to delisting, and may
have the opportunity to transfer its listing to The Nasdaq Capital Market
("Capital Market") if it meets the Capital Market's continued listing
requirements and pays the applicable fee.
The Company, by filing this Form 8-K, discloses its receipt of the MVPHS
Deficiency Notice from Nasdaq in accordance with Nasdaq Listing Rule 5810(b).
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EVER-GLORY INTERNATIONAL GROUP, INC. 
