Nisun International Received Notification of Deficiency from Nasdaq Related to Not Timely Filing of Annual Report on Form 20-F

SHANGHAI, May 19, 2023 /PRNewswire/ -- Nisun International Enterprise Development Group Co., Ltd (Nasdaq:NISN) ("Nisun" or the "Company") announced today that it received a notice of non-compliance from Nasdaq Stock Market LLC ("Nasdaq") on May 18, 2023 stating that, as a result of not having timely filed its annual report on Form 20-F for the year ended December 31, 2022, the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of periodic financial reports with the Securities and Exchange Commission. This notice has no immediate effect on the listing or trading of the Company's Class A common shares on the Nasdaq.