Kandi Receives Nasdaq Non-Compliance Notice for Bid Price

Key Highlights

• Kandi received a Nasdaq notification on May 5, 2026, for non-compliance with the minimum bid price requirement.
• The company failed to maintain a closing bid price of at least $1.00 per share for 30 consecutive business days.
• Kandi has an initial compliance period of 180 calendar days, until November 2, 2026, to regain compliance.
• During this period, Kandi's ordinary shares will continue to trade on the Nasdaq Global Select Market.
• To regain compliance, the closing bid price must be at least $1.00 for ten consecutive business days.
• If non-compliant by November 2, 2026, Kandi may apply for transfer to the Nasdaq Capital Market.
• A transfer application requires a non-refundable fee of $5,000 and meeting other listing standards.
• The company's board will consider options to achieve compliance if not eligible for additional time.