Smart Powerr announced that it received written notification from Listing Qualifications Department of the Nasdaq Stock Market that, as a result of not having timely filed its annual report on Form 10-K for the year ended December 31, 2022, the Company is no longer in compliance with the Nasdaq Listing Rule 5250(c)(1), which requires timely filing of periodic financial reports with the U.S. Securities and Exchange Commission. Under the Nasdaq Listing Rule 5810(c)(2)(F)(i), the Company is required to submit its plan to regain compliance (the "Compliance Plan") no later than June 20, 2023. If the plan is accepted by Nasdaq, CREG can be granted up to 180 calendar days from the Form 10-K’s due date, or until October 16, 2023, to regain compliance.
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