Smart Powerr Corp. Regains Compliance with NASDAQ

XI’AN, China, Oct. 13, 2022 (GLOBE NEWSWIRE) — Smart Powerr Corp. (NASDAQ: CREG) (“CREG” or the “Company”), an industrial waste-to-energy solution provider in China, today announced that it received a notification from the Listing Qualifications Department of The Nasdaq Stock Market LLC (the “Nasdaq”) that, based on the Company’s filings of Form 10-Q for the period ended March 31 and June 30, 2022 on October 11, 2022, Nasdaq has determined that the Company complies with its Listing Rule 5250(c)(1) (the “Listing Rules”).

As previously reported by CREG on Form 8-K filed with the SEC on April 15, 2022, the Company was unable to file its Form 10-K by its original deadline due to undue burden and hardship caused by the impact of COVID-19 in China. Nasdaq had granted the Company an extension until October 12, 2022 to file its delinquent Form 10-K for the period ended December 31, 2021 and Form 10-Q for the periods ended March 31, 2022 and June 30, 2022.

On September 13, 2022, the Company filed its annual report on Form 10-K for the period ended December 31, 2021 . On October 11, 2022, the Company filed its quarterly reports on Form 10-Q for the periods ended March 31, 2022 and June 30, 2022. Due to the timely filings, Nasdaq has determined that the Company complies with its Listing Rules and closed the matter.

About Smart Powerr Corp.

Smart Powerr Corp. (Nasdaq: CREG) (“CREG” or “the Company”) is based in Xi’an, China and provides environmentally friendly waste-to-energy technologies to recycle industrial byproducts for steel mills, cement factories and coke plants in China. The byproducts include heat, steam, pressure, and exhaust, which we use to generate large amounts of lower-cost electricity and reduce the need for outside electrical sources. The Chinese government has adopted policies to encourage the use of recycling technologies to optimize resource allocation and reduce pollution. Currently, recycled energy represents only an estimated 1%…