E-Power Inc. Notified by Nasdaq Over Minimum Bid Price Deficiency

(SeaPRwire) –   DOVER, USA, May 22, 2026 — E-Power Inc. (the “Company”, “we” or “our”) (NASDAQ: EPOW) announced today that it received a written notification (the “Notification Letter”) from The Nasdaq Stock Market LLC (“Nasdaq”) on May 20, 2026. The notification informed the Company that it is not in compliance with the minimum bid price requirement stipulated in the Nasdaq Listing Rules for continued listing on Nasdaq.

Nasdaq Listing Rule 5550(a)(2) mandates that listed securities maintain a minimum bid price of US$1.00 per share. Nasdaq Listing Rule 5810(c)(3)(A) states that a deficiency in meeting the minimum bid price requirement occurs if it persists for 30 consecutive business days. Based on the closing bid price of the Company’s Class A ordinary shares for the 30 consecutive business days from April 8, 2026, to May 19, 2026, the Company no longer meets this minimum bid price requirement.

The Notification Letter does not currently affect the Company’s listing on the Nasdaq Capital Market. As per Nasdaq Listing Rule 5810(c)(3)(A), the Company has been granted 180 calendar days, until November 16, 2026, to regain compliance with Nasdaq Listing Rule 5550(a)(2). To achieve compliance, the Company’s Class A ordinary shares must attain a closing bid price of at least US$1.00 for a minimum of 10 consecutive business days. Should the Company fail to regain compliance by November 16, 2026, it may be eligible for an extension or could face delisting.

The Company’s business operations remain unaffected by the receipt of the Notification Letter. E-Power Inc. intends to monitor the closing bid price of its Class A ordinary shares and may consider implementing available options, such as a reverse share split of its outstanding Class A ordinary shares, if deemed appropriate, to comply with the minimum bid price requirement under the Nasdaq Listing Rules.

About E-Power Inc.

E-Power Inc., through its joint venture, is involved in the manufacturing and sale of graphite anode material for lithium-ion batteries. The Company’s joint venture has completed the construction of a manufacturing facility with a production capacity of 50,000 tons. The plant operates using inexpensive electricity from renewable sources, positioning E-Power as a low-cost and environmentally friendly producer of graphite anode material. Mr. Haiping Hu, the founder and CEO of the Company, is recognized as a significant pioneer in the graphite anode industry globally, beginning his work in 1999. The Company’s management team comprises experts with extensive experience and a proven history of success in the graphite anode industry. For additional information, please visit the Company’s website at www.sunrisenewenergy.com.

Forward-looking statement

Certain statements within this press release concerning the Company’s future expectations, plans, and prospects are considered forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements encompass statements regarding plans, goals, objectives, strategies, future events, anticipated results, assumptions, and any other factual statements that have not yet occurred. Any language referring to “may,” “will,” “want,” “should,” “believe,” “expect,” “estimate,” or similar non-factual terms should be considered forward-looking statements. Due to various factors, actual results could differ materially from the historical results or the content expressed in these forward-looking statements. These factors include, but are not limited to, the Company’s strategic objectives, future plans, market demand and user acceptance of the Company’s products or services, technological advancements, economic trends, the Company’s reputation and brand, the impact of industry competition, relevant policies and regulations, China’s macroeconomic conditions, international market conditions, and other associated risks and assumptions. Considering the above and other related reasons, investors are advised not to place undue reliance on these forward-looking statements. Investors are urged to review the Company’s filings with the United States Securities and Exchange Commission for other factors that may influence the Company’s future operating results. The Company is not obligated to publicly amend or update these forward-looking statements due to specific events or reasons, unless required by law.

For more information, please contact:

The Company: IR Department

Email: IR@sunrisenewenergy.com

Phone: +1 4084890472