Thunder Power Holdings, Inc. (AIEV): Nasdaq/NYSE listing notice — FLFV stockholders approve extension to Dec 21, 2024; Nasdaq deficiency notice received

ilure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On March18, 2024, FLFV received a written notice (the “ Notice ”) from the listing qualifications department staff of The Nasdaq Stock Market (“ Nasdaq ”) notifying FLFV that the FLFV was not in compliance with Listing Rule 5450(a)(2) (the “Minimum Holders Rule”), which requires FLFV to have at least 400 total holders for continued listing on the Nasdaq Global Market. The Notice is only a notification of deficiency, not of imminent delisting, and has no current effect on the listing or trading of the FLFV’s securities

On March 18, 2024, the Charter Amendment was filed with the State of Delaware, effective on the same date.

On March 19, 2024, FLFV consulted and agreed with TPH to amend (the “ Merger Agreement Amendment ”) the Merger Agreement to provide that TPH shall continue to provide such number of additional New Monthly Extension Payments for each New Monthly Extension FLFV seeks to consummate the Business Combination, up to June 21, 2024.

The stockholders approved the proposal to amend FLFV’s Charter to allow FLFV until March 21, 2024 to consummate an initial business combination and may elect to extend the period to consummate an initial business combination up to nine times, each by an additional one-month period, for a total of up to nine months to December 21, 2024, by depositing to the Trust Account the lesser of (i) $60,000 for all public shares and (ii) $0.035 for each public share for each one-month extension.