Chijet Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price Compliance

Core Points - Chijet Motor Company, Inc. has received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement, as its Class A ordinary shares have been below $1.00 for 30 consecutive business days [1] - The company has a compliance period of 180 calendar days, until April 13, 2026, to regain compliance with the minimum bid price requirement [1] - If the closing bid price reaches at least $1.00 for 10 consecutive business days during the compliance period, Nasdaq will confirm compliance [1] - The company is considering options such as a reverse stock split to regain compliance if necessary [2] Company Overview - Chijet's primary business involves the development, manufacture, sales, and service of traditional fuel vehicles and new energy vehicles (NEVs) [3] - The company has a modern vehicle production base in Jilin, China, and is constructing a factory in Yantai, China, dedicated to NEV production [3] - Chijet's management team consists of industry veterans with extensive experience in various fields including engineering, design, management, and financial management [3]