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Luokung Technology : Announces Receipt of Nasdaq Notification Letter and a Request for Emergency Court Relief

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BEIJING, March 5, 2021 /PRNewswire/ Luokung Technology Corp. (NASDAQ: LKCO) ( Luokung or the Company ), a leading interactive location-based services and big data processing technology company based in China, today announced that the Company received a notice from Nasdaq informing the Company that as a result of the Company being placed by the U.S. Department of Defense ( DoD ) list of Communist Chinese Military Companies ( CCMCs ) operating directly or indirectly in the United States (the Section 1237 List ), which are subject to certain restrictions under Executive Order 13959 (the EO ), that trading of the Company s ordinary shares will be suspended at the opening of business on March 15, 2021. Nasdaq will file a Form 25-NSE with the Securities and Exchange Commission (the SEC ), which will remove the Company s securities from listing and registration on The Nasdaq Stock Market. ....

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Luokung Has Sought Clarification on U.S. Persons' Trading Deadline and May Seek Removal from U.S. Department of Defense List

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BEIJING, March 2, 2021 /PRNewswire/ Luokung Technology Corp. (NASDAQ: LKCO) ( Luokung or the Company ), a leading interactive location-based services and big data processing technology company in China, today announced that the Company has sought clarification of the deadline for U.S. persons to refrain from trading Luokung securities and derivatives. The deadline could be March 15, 2021 or May 27, 2021, depending on whether General License 1A (defined below) applies to the Company. This update relates to Luokung s previously issued statement: Luokung Announces Statement on Being Included in the Relevant List by the U.S Department of Defense.
On January 14, 2021, the U.S. Department of Defense ( DoD ) placed the Company on a list of entities operating directly or indirectly in the United States and deemed to be Communist Chinese Military Companies ( CCMCs ) under Executive Order 13959, issued by former President Trump on Nov ....

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