EZGO Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price Deficiency

CHANGZHOU, China, Oct. 19, 2023 /PRNewswire/ -- EZGO Technologies Ltd. (Nasdaq:EZGO) ("EZGO" or the "Company"), a leading short-distance transportation solutions provider in China, today announced that the Company had received a notification letter (the "Notification Letter") dated  October 18, 2023 from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq"), notifying the Company that it is currently not in compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5550(a)(2). It resulted from the fact that the closing bid price of the Company's ordinary shares, par value US$0.001 per share ("Ordinary Shares") was below $1.00 per share for a period of 30 consecutive business days from September 6, 2023 to October 17, 2023.