Thunder Power Holdings transfers to Nasdaq Capital Market; still non-compliant on bid price

Thunder Power Holdings, Inc.

Approved transfer from Nasdaq Global Market to Capital Market effective March 28, 2025; trades unchanged under AIEV.
Non-compliant with $1.00 minimum bid price requirement; prior $50M MVLS rule no longer applies.
Company requested a hearing before Nasdaq Panel to seek continued listing; up to 180-day extension possible.
No assurance of regaining compliance; may evaluate options including reverse stock split.

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