Feutune Light receives Nasdaq deficiency notice for MVLS below $50M; 180 days to comply

Thunder Power Holdings, Inc.

Nasdaq notified FLFV on June 14, 2024, that MVLS was below $50M for continued listing on The Nasdaq Global Market.
Company has until December 11, 2024, to regain compliance with the Market Value Standard under Listing Rule 5450(b)(2)(A).
Failure to comply may result in delisting; company can appeal to a Hearings Panel.
FLFV intends to monitor MVLS and evaluate options to regain compliance, but no assurance of success.
The deficiency does not impact trading at this time, but a compliance indicator will be displayed.

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