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News and Events Jan 03, 2019

Luokung Technology Corp. Announces Listing Its Ordinary Shares On Nasdaq Ordinary Shares to Begin Trading on January 3

Luokung Technology Corp. (“LK” or the “Company”), one of global leading graphics data processing technology company, a leading interactive location-based services company in China, today announced that, it will list its Ordinary Shares on NASDAQ, effective upon the opening of trading on January 3, 2019.

As previously announced in its press release dated on September 14, 2018, the Company voluntary delistd its ADRs from the NASDAQ, effective prior to the opening of trading on September 20, 2018, in expectation of the listing of the Ordinary Shares of the Company.

The Bank of New York Mellon, as depositary (the “Depositary”) for the Company’s ADR facility, notified the owners and holders of the Company’s ADRs that the ADR facility terminated on September 19, 2018. Under the terms of the Deposit Agreement among the Company, the Depositary and the owners and holders of ADRs of the Company (the “Deposit Agreement”), the owners and holders of the Company’s ADRs have until at least January 21, 2019 to surrender their ADRs to the Depositary for delivery of the underlying Ordinary Shares of the Company.

Subsequent to January 21, 2019, under the terms of the Deposit Agreement, the Depositary may attempt to sell any Ordinary Shares remaining on deposit with the Depositary.

The ratio between each ADR and its underlying Ordinary Share is 1:1, namely, one ADR represents one Ordinary Share. The final closing price for the ADRs of the Company on September 19, 2018 was $7.61. The owners and holders of the Company’s ADRs can contact their broker or the Company via ir@luokung.com in order to convert their ADRs to Ordinary Shares.

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