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Huachen AI Parking Management Technology Holding Co., Ltd. Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price Deficiency
Globenewswire· 2025-08-06 20:30
Core Viewpoint - Huachen AI Parking Management Technology Holding Co., Ltd. has received a notice from Nasdaq indicating non-compliance with the minimum bid price requirement, as the company's share price has been below $1.00 for the last 30 consecutive business days [1][2]. Compliance and Listing Status - The company has been granted a compliance period of 180 calendar days, until February 2, 2026, to regain compliance with Nasdaq's minimum bid price requirement [3]. - If the company's share price reaches at least $1.00 for a minimum of 10 consecutive business days during this compliance period, Nasdaq will confirm compliance and close the matter [3]. - Should the company fail to regain compliance by the deadline, it may be eligible for an additional 180-day period, provided it meets other listing requirements and notifies Nasdaq of its intention to cure the deficiency [4]. Company Actions and Commitment - The company is actively monitoring its share price and considering all available options to regain compliance with Nasdaq's requirements [5]. - The company remains committed to delivering value to its shareholders and maintaining its listing on Nasdaq [5]. Company Overview - Huachen AI Parking Management Technology Holding Co., Ltd. is a provider of smart-parking systems and precision structural parts, offering tailored solutions such as space-saving cubic parking garages and custom steel components [6].
Huachen AI Parking Management Technology Holding Co., Ltd and Hangzhou Qianhui Electric Technology Co., Ltd Establish Cooperative Relationship to Enhance Two-Wheeled E-Charging Infrastructure
Globenewswire· 2025-06-30 11:00
Core Viewpoint - The Company has entered into a non-binding cooperative agreement with Hangzhou Qianhui to develop and operate two-wheeled e-charging stations, aiming to meet the growing demand for efficient charging solutions in urban transportation systems [1][3][8] Background and Objectives of the Cooperative Relationship - The cooperative relationship aligns with Hangzhou Qianhui's three-year strategic development plan for its two-wheeled e-charging business, leveraging its technologies, operational expertise, and market resources [2] - The primary objective is to establish a larger-scale operation of two-wheeled e-charging stations to enhance urban transportation [3] Scope of the Cooperative Relationship - The Company will provide financial support through initial capital and phased investments based on business progress, while assisting in cooperation with local governments and optimizing the supply chain [4] - Hangzhou Qianhui will manage the business operations, including procurement and construction of e-charging stations, and ensure the stability of the charging platform [5] Business Model and Revenue Sharing - The relationship delineates responsibilities, with the Company providing financial resources and Hangzhou Qianhui handling technological and operational aspects [6] - Revenue distribution will be based on actual performance and equity ratios, allowing both parties to share in the net profits generated [7] Commitment to Innovation and Growth - This partnership represents a significant step towards innovation and growth in urban transportation, aiming to create a sustainable e-charging infrastructure that benefits consumers and the environment [8] Company Overview - Huachen AI Parking Management Technology Holding Co., Ltd is a Cayman Islands holding company that consolidates the financial results of its subsidiaries, focusing on smart parking solutions and equipment [10] - The Company provides customized parking solutions, including smart cubic parking garage design and various parking equipment manufacturing [10] About Hangzhou Qianhui Electric Technology Co., Ltd - Hangzhou Qianhui, established in August 2024, specializes in new energy technology, electric charging pile operations, and IoT technology research and development [11]