Benzinga | Jun 15, 2021 08:37AM EDT

Luokung Highlights Removal From US Department Of Defense Executive Order List

Luokung Technology Corp. (NASDAQ:LKCO) ("Luokung" or the "Company"), a leading interactive location-based services and big data processing technology company based in China, announced today that the U.S. Department of Defense ("DoD") has removed the Company's designation as a Communist Chinese Military Company. In addition, as a result of the omission of the Company from Executive Order 14032, which amends and supersedes Executive Order 13959 in imposing restrictions on trading shares of certain Chinese companies, Luokung and its shareholders are no longer subject to any restrictions pursuant to Executive Order 13959, as amended.