Singapore, Aug. 26, 2024 — noco-noco Inc (the “Company”) has been granted an exception period by Nasdaq until October 30, 2024 to meet certain listing requirements. This decision follows a hearing by Nasdaq’s Listing Qualifications Department, where the company was granted an exception from complying with Listing Rule 5550(a)(2) (the “Bid Price Rule”) and Listing Rule 5550(b)(2) (the “MVLS Rule”).

The Nasdaq Hearings Panel has allowed noco-noco to remain listed on The Nasdaq Capital Market, contingent on the completion of specific conditions, which include a reverse stock split, a series of debt and equity financings, and prompt notification of any significant events that could affect the company’s compliance with Nasdaq rules during the exception period.

About noco-noco:
noco-noco Inc. (Nasdaq NCNC) is a technology solutions provider committed to accelerating the global transition to a decarbonized economy. The company leverages its X-SEPA™ battery separator technology, developed in Japan and known for its durability and high heat resistance, to provide clean, affordable, and sustainable energy storage solutions.

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Safe Harbor Statement: 
This press release contains forward-looking statements, based on current beliefs, assumptions, and information available to noco-noco. These statements, often identified by words such as “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “ongoing,” “target,” “seek,” or their negative or plural forms, are predictions or indications of future events or prospects. Forward-looking statements also encompass statements about future results of operations, market conditions, and other information about possible or assumed future events. These statements involve risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied. While noco-noco believes its forward-looking statements are reasonably based, it cautions that these statements are based on a combination of current facts and projections, which are inherently uncertain. noco-noco cannot guarantee the accuracy of these forward-looking statements. These statements are subject to numerous risks and uncertainties, including the impact of the COVID-19 pandemic, potential litigation, government or regulatory proceedings, and other risks and uncertainties. There may be additional unknown or immaterial risks that could also affect actual results. Given the significant uncertainties associated with these forward-looking statements, they should not be considered a representation or warranty by noco-noco or its directors, officers, employees, or anyone else that noco-noco will achieve its objectives and plans within any specific time frame or at all. These forward-looking statements reflect noco-noco’s views as of the date of this communication. Future events and developments may cause these views to change. While noco-noco may update these statements in the future, there is no current intention to do so except as required by applicable law. Therefore, you should not rely on these forward-looking statements as representing noco-noco’s views on any date after the date of this communication.

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investor@noco-noco.com