Centro Electric Group Files Annual Report on Form 10-K and Regains Compliance with Nasdaq Filing Demand

a leading electric vehicle technology company with an advanced, request-validated electric marketable vehicles, moment blazoned it entered written notices( the “ Notices ”) from The Nasdaq Stock Market LLC(” Nasdaq”) on July 11, 2023, stating that posterior to the form of our form 10- K for the financial time ended December 31, 2022( the “ Form 10- K ”) with the United States Securities and Exchange Commission( the “ SEC ”) on June 30, 2023, Nasdaq has( i) determined that for the purposes of the submission of the Company’s Form 10- K the Company complies with Nasdaq listing rule 5250( c)( 1)( the “ Rule ”), and( ii) granted us an exception to enable the Company to recapture compliance with the Rule.

The exception to the Rule grants the Company fresh time to submit its daily fiscal results on form 10- Q for the ages ended March 31, 2023, and June 30, 2023( the “ 10- Q Results ”) on or before August 15, 2023. In the event the Company doesn’t file its 10- Q Results, Nasdaq may give a written announcement that it has made a determination that our securities will be excluded. Should this do, the Company may appeal Nasdaq’s determination to a sounds Panel.

The Company is in the process of finishing the 10- Q Results and expects to file the 10- Q Results on or before August 15, 2023

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