Thunder Power receives Nasdaq notice alleging public shell status; hearing requested

Thunder Power Holdings, Inc.

On April 8, 2025, Nasdaq Staff notified Thunder Power it believes the company is a public shell under Listing Rule 5101.
Company disagrees with the Staff's conclusion and has requested a hearing before the Nasdaq Hearings Panel.
At the hearing, Thunder Power plans to present its business and efforts to maximize asset value, including potential acquisitions.
No assurance that the Panel will grant continued listing on Nasdaq.
Company previously disclosed the potential delisting issue as part of its ongoing listing compliance.

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