Recon Technology Announces Its Return to Compliance with Nasdaq

Recon Technology, Ltd (Nasdaq: RCON) announced today that it received a letter from Nasdaq OMX Group on February 3, 2012 regarding its return to compliance with Nasdaq Marketplace Rule 5250(c)(1). The letter notified the Company that, based on the Company's filing of its annual report on Form 10-K for the year ended June 30, 2011 and its quarterly report on Form 10-Q for the quarter ended September 30, 2011, Nasdaq determined that the Company complies with Rule 5250(c)(1). Accordingly, this matter was closed.The Company currently remains deficient under (a) Nasdaq Marketplace Rule 5450(a)(1), which requires Nasdaq-listed companies to maintain a closing bid price of at least $1.00 per share ("Rule 5450(a)(1)") and (b) Nasdaq Marketplace Rule 5550(a)(5), which requires Nasdaq-listed companies to maintain a total market value of publicly held shares of at least $1 million ("Rule 5550(a)(5)").