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Month: May 2022

Niu Technologies Provides Updates on Status Under Holding Foreign Companies Accountable Act

BEIJING, May 05, 2022 (GLOBE NEWSWIRE) — Niu Technologies (“NIU” or “the company”) (NASDAQ: NIU), the world’s leading provider of smart urban mobility solutions, today updates its status under the Holding Foreign Companies Accountable Act (the “HFCAA”). The Company is aware that it has been identified by the United States Securities and Exchange Commission (the “SEC”) under the HFCAA on May 4, 2022. The Company understands that this identification under the HFCAA and its implementation rules issued thereunder indicates that the SEC determines that the Company used a registered public accounting firm whose working paper cannot be inspected or investigated completely by the Public Company Accounting Oversight Board of the United States (the “PCAOB”) to issue the audit opinion for its financial statements for the fiscal...

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FTI Consulting Announces EMEA Leadership Transition

Kevin Hewitt to Become EMEA Chair of Client Services Lars Fæste to Succeed Kevin Hewitt as EMEA Chairman LONDON, May 05, 2022 (GLOBE NEWSWIRE) — FTI Consulting, Inc. (NYSE: FCN) today announced the transition of leadership for the Europe, Middle East and Africa (“EMEA”) region, effective 1 August 2022. Kevin Hewitt, who has served as EMEA Chairman since 2017, will become EMEA Chair of Client Services, where he will focus on developing and enhancing key client relationships and attracting senior talent. Lars Fæste will succeed Mr. Hewitt as EMEA Chairman. In his role as EMEA Chairman, Mr. Fæste will have executive responsibility for driving growth across the region through new market entry and extending service offerings to bring the firm’s collective expertise to clients. He will join FTI Consulting’s Executive Committee, which...

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NIO Provides Update on Status under Holding Foreign Companies Accountable Act

SHANGHAI, May 05, 2022 (GLOBE NEWSWIRE) — NIO Inc. (“NIO” or the “Company”) (NYSE: NIO; HKEX: 9866), a pioneer and a leading company in the premium smart electric vehicle market, today provides an update on its status under the Holding Foreign Companies Accountable Act (the “HFCAA”). NIO is aware that the Company has been provisionally identified by the SEC under the HFCAA on May 4, 2022 U.S. Eastern Time. The Company understands such identification may result from its filing of the annual report on Form 20-F for the fiscal year ended December 31, 2021. NIO understands the SEC made such identification pursuant to the HFCAA and its implementation rules issued thereunder, and this indicates that the SEC determines that the Company used an auditor whose working paper cannot be inspected or investigated completely by the PCAOB, to...

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WENDEL: Shareholders’ Meeting set for June 16, 2022

PRESS RELEASE – 05.04.2022 Shareholders’ Meeting set for June 16, 2022 Wendel informs its shareholders that the Shareholders’ Meeting will be held on Thursday June 16, 2022, at 2:30 p.m. (Paris time) in Salle Wagram, located at 39-41 avenue de Wagram, 75017 Paris. The notice of meeting, being worth convening notice, is published in the Bulletin des Annonces Légales et Obligatoires (www.journal-officiel.gouv.fr/balo/). It includes notably the agenda, the draft resolutions which will be presented to the Meeting and the conditions to take part in the Meeting. It is also available on the Wendel website. Other documents and information concerning this Meeting will be available to shareholders and published as from May 26, 2022, under legal and regulatory conditions, on the dedicated page of the Wendel website www.wendelgroup.com/en/annual-general-meetings. The...

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Lundin Energy resolves to commence sales of treasury shares on Nasdaq Stockholm

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.Lundin Energy AB (“Lundin Energy” or the “Company”) has resolved to commence the sale of all 1,356,436 treasury shares on Nasdaq Stockholm in accordance with the authorisation from the Annual General Meeting on 31 March 2022 and the Transaction Agreement regarding the combination of the Company’s E&P business with Aker BP ASA. Sales of treasury shares will take place on Nasdaq Stockholm at a price within the spread between the highest bid price and lowest ask price prevailing and disseminated...

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Reduction of share capital through the cancellation of treasury shares

At the annual general meeting of H+H International A/S (hereinafter referred to as “the Company”) on 31 March 2022, a decision was passed to reduce the Company’s share capital by nominally DKK 4,833,650 through the cancellation of 483,365 treasury shares (see company announcement no. 479 of 31 March 2022). No objections to the reduction of the share capital were received during the four-week notice period, why the Company has today, 5 May 2022, registered the share capital reduction with the Danish Business Authority with a reduced total share capital at nominally DKK 175,000,000 and a total number of voting rights of 17,500,000, cf. section 32 of the Danish Capital Markets Act.Nasdaq Copenhagen, ISIN code DK0015202451Voting rights One vote per shareDenomination DKK 10 per shareNominal share capital before reduction DKK 179,833,650No....

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Dada Provides Update on its Status under the Holding Foreign Companies Accountable Act

SHANGHAI, China, May 05, 2022 (GLOBE NEWSWIRE) — Dada Nexus Limited (“Dada” or the “Company”) (NASDAQ: DADA), China’s leading local on-demand delivery and retail platform, today announced that the Company is aware of the fact that it was provisionally identified by the United States Securities and Exchange Commission (the “SEC”) under the Holding Foreign Companies Accountable Act of the United States (the “HFCAA”) on May 4, 2022. Such identification may have resulted from the Company’s filing of the annual report on Form 20-F for the fiscal year ended December 31, 2021. The Company understands that the SEC made such identification pursuant to the HFCAA and its implementation rules issued thereunder. This indicates that the SEC has determined the Company used an auditor, whose working paper cannot be inspected or investigated completely...

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Bavarian Nordic Reports Omicron Data from Phase 2 Trial of its COVID-19 Booster Vaccine Candidate

COPENHAGEN, Denmark, May 5, 2022 – Bavarian Nordic A/S (OMX: BAVA) announced today additional results from its Phase 2 clinical trial of ABNCoV2, a VLP-based, non-adjuvanted COVID-19 vaccine candidate. Data from subjects, who were previously vaccinated with approved mRNA or adenoviral vaccines, demonstrated that vaccination with ABNCoV2 induced a significant boost to the neutralizing antibodies against the Omicron variant in the majority of subjects with a fold increase in the same range as previously reported for the original Wuhan SARS-CoV2 variant. While the neutralizing antibody titers against Omicron were the lowest when compared to all other variants previously reported (Wuhan, Alpha, Beta and Delta) they were boosted to levels associated with a high level of protection1 across both dose groups, 50μg and 100μg. These data follow...

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Hywin Holdings Brings Insights on Asian Wealth Management to Wall Street

May 1: Panel discussion on 2022 Berkshire Hathaway annual shareholders meeting The panel featured six distinguished guests from leading investment management firmsMay 2: Investor luncheon Lok and Andrew Deane of WealthBriefing speak with leading investorsMay 4: Gala dinner for “The Ninth Annual Family Wealth Report Awards 2022” Sponsor of the gala dinner, Hywin is the first Asian wealth manager to join the U.S. eventSHANGHAI, China, May 05, 2022 (GLOBE NEWSWIRE) — Lawrence Lok, Chief Financial Officer of Hywin Holdings Ltd. (“Hywin Wealth”, “Hywin”, or the “Company”) (NASDAQ: HYW), a leading independent wealth management service provider in China, today wrapped up a 7-day trip to the United States during which he brought Hywin’s industry-leading insights and strategic vision on Asian wealth management...

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Financial results for Q1 2022

Company announcement no. 7Net profit of DKK 276 million and return on equity of 9.9% Spar Nord had a fairly good start to the year in Q1 2022, recording a continuing increase in the volume of loans arranged, a profit of DKK 276 million after tax and a return on equity of 9.9%. Having said that, the overriding theme in Q1 was Russia’s invasion of Ukraine and the resulting uncertainty with respect to economic developments. Coupled with rising inflation and lower expectations of economic growth, this resulted in losses on the Bank’s bond and share portfolios. However, in spite of an increase in total management estimates relating to COVID-19 and the uncertainty attaching to the war in Ukraine, impairment charges represented a small income in Q1. We remain confident about the outlook for 2022, and we especially look forward to the opening...

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