Trunkbow Receives Nasdaq Notification of Non-Compliance with Minimum Bid Price Rule

Trunkbow International Holdings Limited

("Trunkbow" or the "Company"), a leading provider of Mobile Payment Solutions ("MPS") and Mobile Value Added Services ("MVAS") in the PRC, today announced that on October 2, 2012, it received a letter from the Nasdaq Stock Market stating that, based upon the closing bid price for the previous 30 consecutive business days, the Company no longer meets the requirement set forth in Nasdaq Rule 5550(a)(2), which requires listed securities to maintain a bid price of $1.00 per share (the "Minimum Bid Price Rule"). The Nasdaq letter has no immediate effect on the listing of the Company's common shares.