Luokung Technology Corp. Notified by NASDAQ Regarding Late Filing of Form 20-F

BEIJING, May 14, 2024 — Luokung Technology Corp. LKCO, a preeminent spatial-temporal intelligent big data services company specializing in interactive location-based services (LBS) and provider of high-definition maps (HD Maps) in China, has announced that it received a notification from the NASDAQ Stock Market on its delay in the filing of Form 20-F.

Understanding the NASDAQ Notice

The NASDAQ letter is a standard notice when a listed company is unable to meet the SEC filing requirements within the prescribed timeline. Form 20-F is an essential document for foreign companies listed on US exchanges, and it outlines the company's financial performance, risks, and operations for the previous fiscal year. Luokung is actively working to address the requirements and expects to file the Form 20-F as soon as possible.

Impact on LKCO and Investor Confidence

The notification from NASDAQ is a procedural communication, and it does not immediately affect the listing of the LKCO stock. The company reassures its shareholders and potential investors that it is making concerted efforts to finalize the necessary financial documents and adhere to NASDAQ's regulatory expectations. Through this period, Luokung remains focused on its core business and continues to play a significant role in the spatial-temporal intelligent data sector, underlined by its expertise in providing LBS and HD Maps.

Luokung, NASDAQ, Filing