Chijet Motor Company, Inc. Regains Compliance with Nasdaq Minimum Bid Price Requirement
New York, Nov. 18, 2025 (GLOBE NEWSWIRE) -- CHIJET MOTOR COMPANY, INC. (NASDAQ:CJET) (the "Company") today announced that it has received a notification letter ("Compliance Notice") from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") dated November 17, 2025, informing the Company that it has regained compliance with the minimum bid price requirement set forth under the Nasdaq Listing Rule 5550(a)(2) ("Minimum Bid Price Requirement").
As previously announced, the Company was notified by Nasdaq on October 15, 2025 that the Company's ordinary shares failed to maintain a minimum bid price of US$1.00 over the previous 30 consecutive business days.
According to the Compliance Notice, the Company regained compliance with the Minimum Bid Price Requirement because the closing bid price of the Company's ordinary shares has been at US$1.00 per share or greater for 10 consecutive business days, from November 3, 2025 to November 14, 2025, and the matter is now closed.
About the Company
The primary business of the Company is the development, manufacture, sales, and service of traditional fuel vehicles and new energy vehicles. State-of-the-art manufacturing systems and stable supply chain management enable the Company to provide consumers with products of high performance at reasonable prices. In addition to its large modern vehicle production base in Jilin, China, a factory in Yantai, China will be dedicated to new energy vehicles production upon completion of its construction. The Company has a management team of industry veterans with decades of experience in engineering and design, management, financing, industrial production, and financial management. For additional information about the Company, please visit www.chijetmotors.com.
Forward-Looking Statements
This press release contains forward-looking statements as defined under Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, formulated in accordance with the ‘safe harbor' provisions of the Private Securities Litigation Reform Act of 1995. These statements, reflecting the Company's projections about its future financial and operational performance, employ terms like ‘believes,' ‘estimates,' ‘anticipates,' ‘expects,' ‘plans,' ‘projects,' ‘intends,' ‘potential,' ‘target,' ‘aim,' ‘predict,' ‘outlook,' ‘seek,' ‘goal,' ‘objective,' ‘assume,' ‘contemplate,' ‘continue,' ‘positioned,' ‘forecast,' ‘likely,' ‘may,' ‘could,' ‘might,' ‘will,' ‘should,' ‘approximately,' and similar expressions to convey the uncertainty of future events or outcomes. These forward-looking statements are based on the Company's current expectations, assumptions, and projections, involving judgments about future economic conditions, competitive landscapes, market dynamics, and business decisions, many of which are inherently challenging to predict accurately and are largely beyond the Company's control. Additionally, these statements are subject to a multitude of known and unknown risks, uncertainties, and other variables that could significantly diverge the Company's actual results from those depicted in any forward-looking statement. These factors include, but are not limited to, varying economic conditions, competitive pressures, and regulatory changes. Because of these and other risks, uncertainties and assumptions, undue reliance should not be placed on these forward-looking statements. In addition, these statements speak only as of the date of this press release and, except as may be required by law, the Company undertakes no obligation to revise or update publicly any forward-looking statements for any reason.
Investor Relations Contact:
Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email: [email protected]
