Application Process is Currently Underway to List on OTCQB

WILMINGTON, Del., April 20, 2025 /PRNewswire/ — Thunder Power Holdings, Inc. (NASDAQ: AIEV) (“Thunder Power” or the “Company”), a technology innovator and developer of premium passenger Electric Vehicles (“EVs”) whose acquisition strategy is focused on addressing strategic gaps in the EV sector with a diversified approach across the clean energy value chain, today announced that the Company received a notice from The Nasdaq Stock Market LLC (“Nasdaq”) that after a hearing on April 15, 2025, it has determined to delist the Company’s ordinary shares on Nasdaq Capital Market for its failure to comply with Nasdaq continued listing standards.

As a result, Thunder Power’s common shares are expected to begin trading under the symbol AIEV on the OTC Pink Open Market operated by the OTC Markets Group, Inc. (“OTC”), commencing on April 21, 2025. The Company is in the process of applying to OTC for listing on the OTCQB® Venture Market (the “OTCQB”) and, if the application is approved, will uplist from OTC-Pink to the OTCQB. The transition of the Company’s listing to the OTC Pink or OTCQB is not expected to affect the Company’s business operations or its reporting requirements under the rules of the Securities and Exchange Commission (“SEC”).

Christopher Nicoll, Chief Executive Officer of Thunder Power, commented, “We previously announced the transfer of our listing from the Nasdaq Global Market to the Nasdaq Capital Market, effective on March 28, 2025. However, after a hearing with a Nasdaq listing committee last week, we were unexpectedly notified of our delisting. Once we have executed on our M&A activities and are qualified, we will reapply to once again be listed on Nasdaq.

“In the near term, we are looking forward to receiving shareholder and regulatory approvals on our previously disclosed share exchange with Electric Power Technology Limited (“EPTL”) (TWSE:4529),” added Nicoll. “We expect to begin generating an initial stream of revenue in 2025, which will further diversify Thunder Power as a green energy solution provider. We are excited to launch this partnership with EPTL to deliver innovative power solutions to a variety of end markets. This alliance is a deliberate next step to expand our capabilities and enter adjacent environmentally-sustainable fields as we work to bring our EV’s to market. Once the EPTL transaction is completed, we will continue to pursue additional strategic M&A targets in the attractive green energy landscape throughout 2025 and beyond.”

About Thunder Power Holdings, Inc. 

Thunder Power is a technology innovator and a developer of innovative electric vehicles (“EVs”). The Company has developed several proprietary technologies, which are the building blocks of the Thunder Power family of EVs. The Company is focused on design and development of high-performance EVs, targeting markets initially in Asia & Europe. Thunder Power’s acquisition strategy is focused on addressing strategic gaps in the EV sector combined with a diversified approach across the clean energy value chain. For more information, please visit: https://aiev.ai/.

Contact:

AIEV Investor Relations
AIEV@dennardlascar.com
713-529-6600

Forward-Looking Statements

This press release contains certain statements that may include “forward-looking statements.” All statements other than statements of historical fact included herein are “forward-looking statements.” These forward-looking statements are often identified by the use of forward-looking terminologies such as “believes,” “expects” or similar expressions, involving known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results or outcomes could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including but not limited to, (i) operational risks, such as the Company’s ability to successfully execute on its business plan, its ability to complete the acquisition of Electric Power Technology Limited; its ability to receive stockholder approval to issue its common stock in relation to the Share Exchange Agreement; its ability to successfully acquire assets on terms that are favorable to the Company; its ability to integrate acquired assets effectively; and its ability to adapt operations in response to accidents, extreme weather events, natural disasters, and related economic effects; (ii) regulatory and compliance risks, such as the impact of new or amended governmental laws and regulations, including tariffs, clean energy policies, and environmental standards; changes in tax laws or tax-related matters; its ability to receive a successful audit outcome under Generally Accepted Accounting Standards; and its ability to maintain its listing on the Nasdaq Global Market or successfully transfer its listing to the Nasdaq Capital Market; (iii) financial risks, such as the Company’s liquidity position and ability to obtain additional financing, if necessary; foreign currency exchange rate fluctuations; interest rate volatility; the Company’s current pre-revenue status and uncertainties surrounding its ability to generate revenue in the future, including potential delays in product development, market acceptance, or achieving profitability; (iv) market and industry risks, such as fluctuations in consumer acceptance and demand for electric vehicles; competition within the EV sector; the Company’s ability to integrate solar power technology into its products as part of clean energy innovation initiatives; fluctuations in the availability and cost of raw materials critical for EV production; and advancements in battery technology or alternative energy solutions that may impact market dynamics, and (v) such known factors as are detailed in the Company’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, each as filed with the Securities and Exchange Commission, and in other reports filed by the Company with the Securities and Exchange Commission from time to time and available on the SEC’s website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these risk factors and those reported in the Company’s filings with the Securities and Exchange Commission. Other than as required under the applicable securities laws, the Company does not assume a duty to update these forward-looking statements, except as required by applicable laws, regulations or rules.

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SOURCE Thunder Power Holdings, Inc.

On April 11, 2025, the One Step Foundation announced its partnership with Saayam, an AI-driven platform designed for impactful fundraising and community engagement. Founded by visionary technologist Dinakara Nagalla, Saayam aims to bring transparency and direct action to charitable efforts. At the One Step Run 2025 event, Saayam contributed 20,000, helping raise a total of 50,000 for projects like Project SEE, which funds cataract surgeries in Nepal and South Asia. This partnership emphasizes a new model of giving, where every dollar goes directly to those in need, free from bureaucratic hurdles.

FRISCO, Texas, April 20, 2025 /PRNewswire-PRWeb/ — The world is tired of charity galas that make you feel good for a night and do little the next morning. What we need now is direct action, brutal transparency, and tools that actually move the needle. Enter Saayam—the AI-driven platform created by immigrant entrepreneur Dinakara Nagalla, a man who’s walked through fire in life and still chooses to give.

Today, One Step Foundation, a 501(c)(3) nonprofit committed to meaningful change, announces its official partnership with Saayam, now the nonprofit’s primary platform for fundraising, volunteer mobilization, and community connection. This isn’t a press release about feel-good tech. This is about making help frictionless and impact measurable.

At the One Step Run 2025 event on April 6th, Saayam didn’t just show up. It led the charge, serving as presenting sponsor and dropping a $20,000 contribution toward real-world results. The event raised $50,000 in total—funding projects like Project SEE, which funds life-changing cataract surgeries in Nepal and South Asia. That’s not charity. That’s life restoration.

“We didn’t do this run to burn calories or post pictures. We did it to remind people that compassion is action,” said Bal Joshi, Board Member, One Step Foundation. “Our partnership with Saayam takes that spirit and supercharges it.”

Gigi Gupta, Board Director at Saayam, added, “We’ve built a platform where 100% of what you give reaches the person who needs it. No middlemen. No bureaucracy. Just trust, backed by real-time tracking and AI-driven fraud protection.”

At the heart of this movement is Dinakara Nagalla, a South Indian-born immigrant, engineer, father, and serial entrepreneur who built and sold one of the most impactful aviation SaaS platforms on Earth. And now? He’s choosing to build something that doesn’t feed shareholders—but feeds souls.

“Saayam isn’t just another product. It’s the platform I wish existed when I needed help but didn’t know where to turn,” said Nagalla. “It’s built for the hustlers, the givers, and the ones stuck in the shadows who just need a hand.”

As if that wasn’t enough, Nagalla is fueling Saayam with the proceeds of his just-released book, “Becoming Human”(Game Changer Publishing). A raw, unfiltered dive into failure, resilience, fatherhood, and fighting to stay real in a world obsessed with image. Every dollar from the book goes directly into Saayam.

This partnership isn’t a handshake. It’s a fuse.

Together, Saayam and One Step Foundation are forging a new model for giving—where AI meets accountability, and every rupee or dollar lands exactly where it should.

Visit the One Step Foundation on Saayam: https://saayam.com/ngo-profile/67e49a462cec779d66df31a0

Media Contact

Gigi Gupta, Saayam, 1 9723321007, gigi@saayam.com, www.saayam.com

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SOURCE Saayam

TOKYO, April 20, 2025 /PRNewswire/ — Thinca Co., Ltd. (Tokyo: 149A.T), developer and provider of the next-generation communication platform Kaikura, is pleased to announce that Wojciech Jakub Podobas (ヴォイチェフ ポドバス), who holds over 9% of the company’s shares, held an online meeting with Takahiro Ejiri, President & CEO, and Naoki Sasada, Director & CTO of Thinca.

Mr. Voytek Podobas, an experienced global investor, has in recent years actively focused on high-growth-potential companies in Japan. This latest meeting further deepened his understanding of Thinca’s vision and strategy, leading him to re-evaluate and reaffirm the company’s long-term potential. Following the meeting, he increased his ownership stake to 9.83%.

Thinca Co., Ltd. expresses sincere gratitude to Mr. Podobas for his continued confidence in the company’s growth potential and for expanding his stake. The company remains committed to further accelerating its business development to meet the expectations of its shareholders and investors.

Meeting with Major Shareholder Mr. Podobas and Thinca Executives – Reaffirming Growth Potential

Mr. Podobas’s comments on Thinca Co., Ltd.: “I’ve had several deep discussions with Thinca’s leadership and was deeply impressed by their strategic focus and long-term thinking. Founder and CEO Mr. Ejiri presents a bold and inspiring vision for the future of the company, and I am proud to support it.””What stood out the most was how Team Thinca embodies Japan’s ‘Kaizen’ spirit—executing new strategies with both discipline and agility. This combination of innovation and operational excellence, in my view, will enable Thinca to achieve strong, sustainable growth and play a central role in shaping the future of Japan’s SaaS sector.”

About Kaikura

Kaikura is a next-generation communication platform that consolidates interactions from various communication tools—including telephone, email, web conferencing, and SMS—into a unified interface. Regardless of the communication channel used, the system enables users to view organized communication histories for each customer, allowing all team members to provide informed responses.

Since its launch in August 2014, Kaikura has been implemented by over 2,700 companies across 5,200 locations. The platform has received numerous accolades:

Recognized by NTT East Japan as an official product in December 2015Special Award, 8th Chiyoda Business Awards, February 2016Service Category Special Award, World Business Competition 2018, November 2018Best Innovation Award, ASP/SaaS Division, ASPIC IoT•AI•Cloud Awards 2020, November 2020CTI Category 2023 Winter Leader, ITreview Grid Award, January 2023Named “Good Service” and “Most Customizable” in Call Center Systems (Inbound), BOXIL SaaS AWARD Winter 2023, March 2023

For more information, users can visit the official Kaikura website: https://kaiwa.cloud/

About Thinca Co., Ltd. (149A.T)

Company Name: Thinca Co., Ltd. (Tokyo Stock Exchange: 149A.T) 

President & CEO: Takahiro Ejiri

Founded: January 8, 2014

Employees: 64 (as of December 31, 2024)

Business Description: Planning, development, and operation of IT systems; development, sales, and management of cloud services; consulting on IT service utilization

Corporate Website: https://www.thinca.co.jp/

Additional Resources

Official Kaikura website: https://kaiwa.cloud/Knowledge blog: https://kaiwa.cloud/media/Official Note blog: https://note.com/thinca_2014/Twitter/X: https://twitter.com/KaiwaCloud

Contact

PR Manager
Kanae Nishimura
Thinca Co., Ltd.
pr@thinca.co.jp

Photo – https://mma.prnewswire.com/media/2668681/Meeting.jpg 

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SOURCE Thinca Co., Ltd.