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Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On November 27, 2012, Zoom Technologies, Inc. (the "Company") received notice from The
NASDAQ Stock Market ("Nasdaq") that, because the closing bid price for the Company's common stock has fallen below
$1.00 per share for 30 consecutive business days, the Company no longer complies with the minimum bid price requirement for
continued listing on the Nasdaq Capital Market under Rule 5550(a)(2) of Nasdaq Listing Rules.
Nasdaq's notice has no immediate effect on the listing of the Company's common stock on the Nasdaq
Capital Market. Pursuant to Nasdaq Marketplace Rule 5810(c)(3)(A), the Company has been provided an initial
compliance period of 180 calendar days, or until May 28, 2013, to regain compliance with the minimum bid price
requirement. To regain compliance, the closing bid price of the Company's common stock must meet or exceed
$1.00 per share for a minimum of 10 consecutive business days prior to May 28, 2013.
If the Company does not regain compliance by May 28, 2013, the Company may be eligible for additional
time. To qualify, the Company would be required to meet the continued listing requirement for market value of
publicly held shares and all other initial listing standards for the Nasdaq Capital Market, with the exception of the minimum bid price
requirement, and provide written notice of its intention to cure the minimum bid price deficiency during the second compliance
period. If the Company meets these requirements, the Nasdaq staff will grant an additional 180 calendar days for the
Company to regain compliance with the minimum bid price requirement. If the Nasdaq staff determines that the Company will not be
able to cure the deficiency, or if the Company is otherwise not eligible for such additional compliance period, Nasdaq will provide notice
that the Company's common stock will be subject to delisting. The Company would have the right to appeal a
determination to delist its common stock, and the common stock would remain listed on the Nasdaq Capital Market until the completion
of the appeal process.
The Company is considering actions that it may take in response to this notification in order to regain compliance with the continued
listing requirements, but no decisions about a response have been made at this time.
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: December 3, 2012
By: /s/ Anthony K. Chan
Anthony K. Chan
Chief Financial Officer