Thunder Power Holdings, Inc. — fact timeline

Thunder Power Holdings, Inc. received a nasdaq delisting notice notice regarding minimum bid price (rules 5450(a)(1), 5450(b)(2)(A)).

“April 8, 2025, the Company received an additional Staff delist determination letter, outlining a new concern that the Staff believed the Company is a public shell. A hearing was held on April 15, 2025 as originally scheduled, which is by the Delisting Notice two days thereafter. Trading of the Company’s securities on the Pink Tier of the OTC market is expected to commence shortly after the Company’s securities are delisted from Nasdaq on April 21, 2025. 1 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on i”

Thunder Power Holdings, Inc. received a nasdaq deficiency notice notice regarding other (rules 5101).

“April 8, 2025, Thunder Power Holdings, Inc. (the “Company”) was notified by the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) that the Staff believes the Company is a “public shell,” as that term is defined by Nasdaq under Nasdaq Listing Rule 5101, and will consider this matter in rendering a determination regarding the Company’s continued listing. The Company disagrees with the Staff’s conclusion. As previously disclosed, the Company has requested a hearing before the Nasdaq Hearings Panel (the “Panel”), and plans to address the issue at the hearing”

Thunder Power Holdings, Inc. received a nasdaq noncompliance notice notice regarding minimum bid price (rules 5555(a)(1)).

“2025, and will continue to trade under the symbol “AIEV.” As previously disclosed, on September 4, 2024, Nasdaq notified the Company that, based upon the closing bid price for the Company’s common stock for the 30 prior consecutive business days, the Company no longer complied Nasdaq Listing Rules 5450(a)(1), which requires the Company’s listed securities to maintain a minimum bid price of $1.00 per share (the “Bid Price Requirement”), and 5450(b)(2)(A), which requires the Company to maintain a minimum Market Value of Listed Securities (“MVLS”) of $50,000,000 (the “Prior MVLS Requirement”). A”

Thunder Power Holdings, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1)).

“September 4, 2024, Nasdaq notified the Company that, based upon the closing bid price for the Company’s common stock for the 30 prior consecutive business days, the Company no longer complied Nasdaq Listing Rules 5450(a)(1), which requires the Company’s listed securities to maintain a minimum bid price of $1.00 per share (the “Bid Price Requirement”), and 5450(b)(2)(A), which requires the Company to maintain a minimum Market Value of Listed Securities (“MVLS”) of $50,000,000 (the “Prior MVLS Requirement”). As previously disclosed, on March 7, 2025, the Company received written notice from Nasd”

Thunder Power Holdings, Inc. received a nasdaq delisting notice notice regarding minimum bid price (rules 5450(a)(1), 5450(b)(2)(A)).

“March 7, 2025, Thunder Power Holdings, Inc., a Delaware corporation (the “Company”) received a notification letter from the Nasdaq Listing Qualifications department of The Nasdaq Stock Market LLC (“Nasdaq”) stating that the Company has not regained compliance with Nasdaq Listing Rules 5450(a)(1), which requires the Company’s listed securities to maintain a minimum bid price of $1.00 per share (the “Bid Price Rule”) and 5450(b)(2)(A), which requires the Company to maintain a minimum Market Value of Listed Securities (“MVLS”) of $50,000,000 (the “MVLS Rule”). Accordingly, the Nasdaq Staff has de”

Mingchih Chen was appointed as Acting Chairwoman at Thunder Power Holdings, Inc..

“the Board of Directors has appointed Ms. Mingchih Chen as Acting Chairwoman for the duration of Mr. Bradley's absence, effective September 11, 2024.”

Coleman Bradley changed role as Chairman of the Board at Thunder Power Holdings, Inc..

“The Board of Directors has approved a leave of absence for Mr. Coleman Bradley, Chairman of the Board, effective September 11, 2024 and until further notice.”

Christopher Nicoll was appointed as member of the Board of Directors at Thunder Power Holdings, Inc..

“Effective September 16, 2024, the Board of Directors has appointed Mr. Christopher Nicoll as a member of the Company's Board of Directors.”

Pok Man Ho was appointed as Interim Chief Financial Officer at Thunder Power Holdings, Inc..

“The Company's Board of Directors has appointed Mr. Pok Man Ho as Interim Chief Financial Officer, effective September 16, 2024.”

Yuanmei Ma resigned as member of the Board of Directors at Thunder Power Holdings, Inc..

“Effective September 16, 2024, Ms. Yuanmei Ma will resign from her positions as Chief Financial Officer and member of the Board of Directors of the Company.”

Yuanmei Ma resigned as Chief Financial Officer at Thunder Power Holdings, Inc..

“Effective September 16, 2024, Ms. Yuanmei Ma will resign from her positions as Chief Financial Officer and member of the Board of Directors of the Company.”

Thunder Power Holdings, Inc. underwent a change of control involving Thunder Power Holdings Limited (closed 2024-06-21).

“FLFV and its wholly-owned subsidiary, Feutune Light Merger Sub Inc. ("FLFV Merger Sub") consummated the previously announced Business Combination”

Thunder Power Holdings, Inc. underwent a change of control involving Thunder Power Holdings Limited (closed 2024-06-21).

“on June 21, 2024, the parties to the Business Combination Agreement consummated the Business Combination (such consummation, the “ Closing ”).”

Thunder Power Holdings, Inc. received a nasdaq extension granted notice regarding other (rules 5450(a)(2)).

“May 7, 2024, based on the review of the materials submitted by the Company, FLFV received a notification letter from Nasdaq that the staff had determined to grant the Company an extension of time through September 16, 2024 to regain compliance with the Minimum Holders Rule. 1 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Feutune Light Acquisition Corporation Date: May 9, 2024 By: /s/ Yuanmei Ma Name: Yuanmei Ma Title: Chief Financial Officer 2”

Thunder Power Holdings, Inc. amended Merger Agreement Amendment No.2 with Feutune Light Acquisition Corporation, Feutune Light Merger Sub, Inc., and Thunder Power Holdings Limited (effective 2024-04-05).

“On April 5, FLFV, Merger Sub and TPH entered into an amendment to the Merger Agreement (the “Merger Agreement Amendment No.2”)”

Thunder Power Holdings, Inc.: Amended charter extension deadline to March 21, 2024, with up to nine one-month extensions to December 21, 2024 (effective 2024-03-18).

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

Thunder Power Holdings, Inc. shareholders approved Amend Charter to extend deadline for initial business combination at the 2024-03-18 meeting.

“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.”

Thunder Power Holdings, Inc. amended Merger Agreement Amendment with Thunder Power Holdings Limited valued at TPH shall provide New Monthly Extension Payments of $60,000 each in exchange for New Monthly Extensi (effective 2024-03-19).

“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.”

Thunder Power Holdings, Inc. received a nasdaq deficiency notice notice regarding shareholders (rules 5450(a)(2)).

“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”

Thunder Power Holdings, Inc. incurred loan of $100,000 with Thunder Power Holdings Limited at bears no interest maturing upon the earlier to occur of (i) the consummation of the Company's business combination, or (ii) the date of expiry of the term of the Company.

“In connection with the February Monthly Extension Payment and pursuant to the Agreement and Plan of Merger entered into by the Company, Thunder Power Holdings Limited (" Thunder Power "), and Feutune Light Merger Sub, Inc. on October 26, 2023 (the " Merger Agreement "), the Company issued an unsecured promissory note of $100,000 (the " Note ") to Thunder Power, to evidence the payments made for the February Monthly Extension Payment.”

Thunder Power Holdings, Inc. incurred loan of $100,000 with Thunder Power at bears no interest maturing the earlier to occur of (i) the consummation of the Company's business combination, or (ii) the date of expiry of the term of the Company.

“the Company issued an unsecured promissory note of $100,000 (the “ Note ”) to Thunder Power, to evidence the payments made for the January Monthly Extension Payment.”

Thunder Power Holdings, Inc. incurred loan of $100,000 with Thunder Power Holdings Limited at no interest maturing upon the earlier to occur of (i) the consummation of the Company's business combination, or (ii) the date of expiry of the term of the Company.

“In connection with the November Monthly Extension Payment and pursuant to the Agreement and Plan of Merger entered into by the Company, Thunder Power Holdings Limited (“ Thunder Power ”), and Feutune Light Merger Sub, Inc. on October 26, 2023 (the “ Merger Agreement ”), the Company issued an unsecured promissory note of $100,000 (the “ Note ”) to Thunder Power, to evidence the payments made for the November Monthly Extension Payment.”

Thunder Power Holdings, Inc. entered into Agreement and Plan of Merger with Thunder Power Holdings Limited and Feutune Light Merger Sub, Inc. (effective 2023-10-26).

“On October 26, 2023, Feutune Light Acquisition Corporation (“ FLFV ”, or “ PubCo ” upon and following the Merger) entered into an Agreement and Plan of Merger (as the same may be amended, restated or supplemented, the “ Merger Agreement ”) with Thunder Power Holdings Limited, a British Virgin Islands company (the “ Company ”) and Feutune Light Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of FLFV (“ Merger Sub ”).”

Wenbing Chris Wang was appointed as independent director at Thunder Power Holdings, Inc..

“The same day, the Board of Directors appointed Mr. Wenbing Chris Wang to serve as an independent director of the Company, effectively immediately.”

Michael Davidov resigned as independent director at Thunder Power Holdings, Inc..

“On October 2, 2023, Mr. Michael Davidov resigned from his position as an independent director, and a member of the Audit Committee and Compensation Committee of the of Board of Directors of the Company, effective immediately after the appointment of his successor.”

Thunder Power Holdings, Inc. incurred debt of $100,000 with Feutune Light Sponsor LLC at no interest maturing earlier of consummation of business combination or date of expiry of term of Company.

“o the Company’s sponsor, Feutune Light Sponsor LLC (the “ Sponsor ”), to evidence the payments made by the”

Thunder Power Holdings, Inc. reported that prior financial statements should not be relied upon.

“management has determined that the initial fair value allocation of public shares and warrants and federal and state income tax accruals shall be restated”

Thunder Power Holdings, Inc.: Amended charter to extend deadline to consummate initial business combination to June 21, 2023, with option to extend up to nine additional one-month periods to March 21, 2024, by depositing funds to the trust account (effective 2023-06-20).

“On June 20, 2023, the Charter Amendment was filed with the State of Delaware, effective on the same date.”

Thunder Power Holdings, Inc. shareholders approved Charter Amendment to extend business combination period at the 2023-05-15 meeting.

“The stockholders approved the proposal to amend the Company’s Charter to allow the Company until June 21, 2023 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 March 21, 2024, by depositing to the Trust Account the lesser of (i) $100,000 for all public shares and (ii) $0.04 for each public share for each one-month extension. The voting results were as follows: FOR AGAINT ABSTAIN 10,356,146 545,383 0”

Thunder Power Holdings, Inc. engaged MaloneBailey, LLP as its auditor.

“On April 25, 2023, the Company engaged MaloneBailey as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023, effective immediately.”

Thunder Power Holdings, Inc. dismissed Marcum LLP as its auditor.

“On April 25, 2023, the Board of Directors (the “Board”) of Feutune Light Acquisition Corporation (“Company”) and the Audit Committee (the “Audit Committee”) of the Board authorized dismissal of Marcum LLP (“Marcum”)”

Michael Davidov was appointed as Director at Thunder Power Holdings, Inc..

“Effective June 15, 2022, in connection with the effectiveness of the Registration Statement, Xueodng (Tony) Tian, Kevin Vassily, David Ping Li and Michael Davidov became directors of the Company.”

David Ping Li was appointed as Director at Thunder Power Holdings, Inc..

“Effective June 15, 2022, in connection with the effectiveness of the Registration Statement, Xueodng (Tony) Tian, Kevin Vassily, David Ping Li and Michael Davidov became directors of the Company.”

Kevin Vassily was appointed as Director at Thunder Power Holdings, Inc..

“Effective June 15, 2022, in connection with the effectiveness of the Registration Statement, Xueodng (Tony) Tian, Kevin Vassily, David Ping Li and Michael Davidov became directors of the Company.”

Xueodng (Tony) Tian was appointed as Director at Thunder Power Holdings, Inc..

“Effective June 15, 2022, in connection with the effectiveness of the Registration Statement, Xueodng (Tony) Tian, Kevin Vassily, David Ping Li and Michael Davidov became directors of the Company.”