Urban Tea, Inc. (NasdaqCM: MYT) (the "Company", "we" or "Urban Tea"), a premier retailer of specialty teas and baked goods based in Hunan, China, announced today that it has regained compliance with Nasdaqs minimum stockholders equity requirements.

November 4, 2019, the Company received a written notification from the NASDAQ Listings Qualification Staff (the "Staff")  indicating that the Company has regained compliance with the minimum stockholders equity requirements for the NASDAQ Capital Market pursuant to Listing Rule 5550(b)(1) (the "Minimum Stockholders Equity Requirement") as the Companys stockholders equity is $9,151,867 as evidenced in the Form 20-F filed by the Company on October 25, 2019 with United States Securities and Exchange Commission for the year ended June 30, 2019.

about Urban Tea, Inc.

Urban Tea, Inc. is an emerging specialty tea product distributer and retailer headquartered in Changsha City, Hunan Province, China. Through its wholly owned subsidiary, Mingyuntang (Shanghai) Tea Co. Ltd ("Shanghai MYT") which controls Hunan Mingyuntang Brand Management Company ("Hunan MYT"), the Company currently market a wide range of trendy tea drinks, light meals, and pastries targeting Chinas new urban generation in Hunan province. Our products are focused on not only their taste but also their aesthetic presentation and health benefits. Our products are currently being offered via our own stores. We expect to start selling our products in our managed and JV stores in mid-2019.