Monthly Archives: November 2020

PR Newswire

Senmiao Technology Reports Fiscal 2021 Second Quarter Financial Results

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CHENGDU, China, Nov. 20, 2020 — Senmiao Technology Limited ("Senmiao") (Nasdaq: AIHS), a provider of automobile transaction and related services targeting the online ride-hailing industry in China as well as its own online ride-hailing platform, today announced financial results for the fiscal 2021 second quarter ended September 30, 2020.

Xi Wen, Chairman, Chief Executive Officer and President of Senmiao, "We were pleased that the proactive measures taken by our team in the early stages of the COVID-19 pandemic began to gain traction as we progressed through the third quarter. While the negative year-over-year impact on our operations is apparent, we saw considerable improvement in demand for our services during the second quarter and into the current fiscal third quarter. We transitioned many of the vehicles tendered to us by ride-hailing drivers who exited the business in the first quarter into rental vehicles during the past few months, which became a source of revenue as sales options diminished in the first half of the year.  We are now starting to see the market recover, and believe we can offer excellent optionality to drivers through sales, leasing, and rental selections."

Mr. Wen continued, "Our goal has been to become a total solution provider for ride-sharing drivers, beginning in our two core markets, Chengdu and Changsha. In recent weeks, we have strengthened this value proposition through cooperation with BYD to offer electric vehicles with financing and leasing options to drivers in our core markets; and a collaboration with Luxingtong for the provision of a wide array of telematics and safety solutions for our drivers. In addition, we recently launched our own ride-hailing platform in Chengdu and have seen the number of riders utilizing the service accelerating daily as we build greater brand recognition."

Mr. Wen concluded, "The impact of COVID-19 on our business model was stark and rapid. We were forced into situations where we needed to ensure the strength of our balance sheet and be adaptable to a new and changing paradigm in the Chinese ride-sharing market. While undertaking these changes was difficult in the short-term, we are now starting to see the benefits of the hard decisions we made. Our focus in the near term will be to improve our online ride-hailing platform with further enhancements for both drivers and riders, while seeking partnerships that can strengthen our value proposition for new drivers. Ultimately, we believe that our efforts will continue to position Senmiao well in Chengdu and Changsha, and position us for potential growth in new markets next year."

Revenues

Total revenues were $1,390,396 for the quarter ended September 30, 2020, compared to $5,885,287 in the same period last year and $1,146,916 for the quarter ended June 30, 2020. The decline from the prior year was largely due to the impact of COVID-19 which resulted in a significant decrease in the number of facilitated new automobile purchases and a significant number of ride-hailing drivers exiting the ride-hailing business and tendering their vehicles to Senmiao for sublease and sale.

As the ride-hailing markets in Chengdu and Changsha gradually recovered from the impact of COVID-19 beginning in April 2020, Senmiao also experienced a decrease in the number of automobiles tendered to it by the ride-hailing drivers exiting the business during the quarter ended September 30, 2020 as compared with prior quarters.

Senmiao also reported an increase in the monthly installments collected from automobile sale and leasing customers in the three months ended September 30, 2020, as compared with the three months ended June 30, 2020. Earlier in 2020, a higher number of ride-hailing drivers delayed their monthly installment payments as a result of the COVID-19 pandemic. However, the Company has seen a gradual improvement in collections throughout the year.

Senmiao strategically shifted its business focus to include automobile rental options for ride-hailing drivers as a measure of creating additional revenue. The automobile rental business generated an income of $787,955 for the quarter ended September 30, 2020.

As a result of the gradual recovery of the ride-hailing industry, coupled with Senmiao’s recent partnerships and proactive measures to address the changing market conditions, Senmiao expects revenue to increase in the third and fourth quarters of its fiscal year 2021.

Cost of Revenues

Cost of revenues were $994,515 for the quarter ended September 30, 2020, as compared with $4,709,184 during the same period last year. The decline was primarily due to the decrease in the number of automobiles sold.

Gross Profit

Gross profit was $395,881, or approximately 28.5% gross margin, for the quarter ended September 30, 2020, compared to $1,176,103, or approximately 20.0% gross margin, in the prior year period. 

Selling, General and Administrative Expenses

Selling, general and administrative expenses were $2,749,209 for the quarter ended September 30, 2020 as compared with $1,137,801 during the same period last year. The increase mainly consists of an increase of $560,274 in amortization of automobiles which were tendered to Senmiao but have not been sub-leased or sold, an increase of $336,158 in salary and employee benefits as Senmiao’s employees increased from 158 to 203, an increase of $599,170 in professional service fees such as financial, legal and market consulting, and an increase of $115,806 in advertising and promotion,  rental and other office expenses.

Net Loss

Net loss from Senmiao’s continuing operations for the quarter ended September 30, 2020 was $2,607,165, compared to net income of $1,862,365 for the quarter ended September 30, 2019, , which mainly resulted from the decrease in revenue, decrease in gross profit and increase in selling, general and administrative expenses as stated in prior section as well as gain in the change of the fair values of derivative liabilities recorded for the three months ended September 30, 2020.

Loss per Share

Loss per share for continuing operations was $0.06 based on a weighted average number of basic and diluted common stock of 37,802,840, as compared to earnings per share of $0.06 based on a weighted average number of basic and diluted common stock of 28,237,430.

Financial Position

As of September 30, 2020, Senmiao had cash and cash equivalents of $4,394,019 as compared with $833,888 as of March 31, 2020 for its continuing operations. Total stockholders’ equity was $2,782,424 as of September 30, 2020, compared to $1,472,357 as of March 31, 2020.

Impact of COVID-19

The COVID-19 outbreak continued to materially adversely affect Senmiao’s business operations, financial condition and operating results in the quarter ended September 30, 2020, including but not limited to, decrease in revenues, slower collection of accounts receivable and additional allowance for doubtful accounts. However, as the ride-hailing markets in Chengdu and Changsha are gradually recovering from the impact of COVID-19, Senmiao expects its business to improve during the remainder of its current fiscal year ending March 31, 2021.

Further information regarding Senmiao’s results of operations for the quarter ended September 30, 2020 can be found in Senmiao’s Quarterly Report on Form 10-Q which will be filed with the Securities and Exchange Commission.

About Senmiao Technology Limited

Headquartered in Chengdu, Sichuan Province, Senmiao provides automobile transaction and related services including sales of automobiles, facilitation and services for automobile purchase and financing, management, operating lease, guarantee and other automobile transaction services aimed principally at the growing ride-sharing market in Senmiao’s areas of operation in China.  Senmiao also operates Xixingtianxia, its own proprietary online ride-hailing platform.  For more information about Senmiao, please visit: http://www.senmiaotech.com.

Cautionary Note Regarding Forward-Looking Statements 

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These forward-looking statements (including statements concerning the development of Senmiao’s automobile transaction, financing, rental and related services and online ride-hailing platform, the Chinese ride-sharing and automobile financial leasing markets, Senmiao’s plans, objectives, goals, strategies, and performance, and the impact of COVID-19 on Senmiao’s business), as well as the assumptions such statements and other statements that are not statements of historical facts are subject to significant risks, uncertainties and assumptions, including those detailed from time to time in the Senmiao’s filings with the SEC, and represent Senmiao’s views only as of the date they are made and should not be relied upon as representing Senmiao’s views as of any subsequent date. Senmiao undertakes no obligation to publicly revise any forward-looking statements to reflect changes in events or circumstances. 

For more information, please contact:

At the Company:

Yiye Zhou

Email: edom333@ihongsen.com 

Phone: +86 28 6155 4399

 

Investor Relations:

The Equity Group Inc.                                                                      

In China

Adam Prior, Senior Vice President                                                 

Lucy Ma, Associate

(212) 836-9606                                                                                

+86 10 5661 7012

aprior@equityny.com                                                                     

lma@equityny.com

© 2020 Senmiao Technology Ltd.  All rights reserved.

 

 

 

SENMIAO TECHNOLOGY LIMITED

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(Expressed in U.S. dollar, except for the number of shares)

September 30,

March 31,

2020

2020

(Unaudited)

ASSETS

Current assets

Cash and cash equivalents

$

4,394,019

$

833,888

Accounts receivable, net, current portion

867,576

660,645

Inventories

812,748

1,000,675

Finance lease receivables, net, current portion

510,044

459,110

Prepayments, other receivables and other assets, net

2,834,601

2,798,780

Due from related parties

96,075

26,461

Current assets – discontinued operations

588,068

826,580

Total current assets

10,103,131

6,606,139

Property and equipment, net

Property and equipment, net

721,723

469,201

Property and equipment, net – discontinued operations

7,412

11,206

Total property and equipment, net

729,135

480,407

Other assets

Operating lease right-of-use assets, net

418,355

473,661

Operating lease right-of-use assets, net, related parties

378,166

236,305

Financing lease right-of-use assets, net

6,304,657

5,440,362

Intangible assets, net

737,008

777,621

Accounts receivable, net, non-current

598,675

882,078

Finance lease receivables, net, non-current

728,995

734,145

Total other assets

9,165,856

8,544,172

Total assets

$

19,998,122

$

15,630,718

LIABILITIES AND EQUITY

Current liabilities

Borrowings from financial institutions

$

594,974

$

226,753

Accounts payable

1,045

4,065

Advances from customers

106,459

90,349

Income tax payable

17,461

16,267

Accrued expenses and other liabilities

3,604,738

2,008,391

Due to related parties and affiliates

299,366

152,679

Operating lease liabilities

169,174

149,582

Operating lease liabilities – related parties

162,215

151,655

Financing lease liabilities

4,715,471

3,473,967

Derivative liabilities

940,728

342,530

Current liabilities – discontinued operations

3,077,506

4,516,292

Total current liabilities

13,689,137

11,132,530

Other liabilities

Borrowings from financial institutions, noncurrent

62,420

64,221

Operating lease liabilities, non-current

197,343

297,167

Operating lease liabilities, non-current – related parties

207,786

88,349

Financing lease liabilities, non-current

3,059,012

2,576,094

Total other liabilities

3,526,561

3,025,831

Total liabilities

17,215,698

14,158,361

 

 

 

SENMIAO TECHNOLOGY LIMITED

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(CONTINUED)

(Expressed in U.S. dollar, except for the number of shares)

September 30,

March 31,

2020

2020

(Unaudited)

Commitments and contingencies

Stockholders’ equity

Common stock (par value $0.0001 per share, 100,000,000 shares authorized; 43,358,818 and
29,008,818 shares issued and outstanding at September 30 and March 31, 2020, respectively)

4,336

2,901

Additional paid-in capital

33,444,742

27,013,137

Accumulated deficit

(27,866,092)

(23,704,863)

Accumulated other comprehensive loss

(682,398)

(507,478)

Total Senmiao Technology Limited stockholders’ equity

4,900,588

2,803,697

Non-controlling interests

(2,118,164)

(1,331,340)

Total equity

2,782,424

1,472,357

Total liabilities and equity

$

19,998,122

$

15,630,718

 

 

 

SENMIAO TECHNOLOGY LIMITED

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

(Expressed in U.S. dollar, except for the number of shares)

For the Three Months Ended September 30,

For the Six Months Ended September 30,

2020

2019

2020

2019

(Unaudited)

(Unaudited)

(Unaudited)

(Unaudited)

Revenues

$

1,390,396

$

5,885,287

$

2,537,312

$

10,897,850

Cost of revenues

(994,515)

(4,709,184)

(1,794,771)

(8,731,496)

Gross profit

395,881

1,176,103

742,541

2,166,354

Operating expenses

Selling, general and administrative expenses

(2,749,209)

(1,137,801)

(4,709,634)

(2,013,234)

Bad debts expenses (recovery)

47,540

(115,476)

(81,072)

(128,214)

Impairments of financing lease right-of-use

(80,223)

–

(80,223)

–

assets

Total operating expenses

(2,781,892)

(1,253,277)

(4,870,929)

(2,141,448)

Income (loss) from operations

(2,386,011)

(77,174)

(4,128,388)

24,906

Other income (expense)

Other income (expense), net

135,457

(28,900)

129,381

(15,733)

Interest expense

(14,892)

(25,306)

(35,540)

(62,345)

Interest expense on finance leases

(211,053)

–

(437,230)

–

Change in fair value of derivative liabilities

(129,961)

1,998,202

(412,941)

1,994,806

Total other income (expense), net

(220,449)

1,943,996

(756,330)

1,916,728

Income (loss) before income taxes

(2,606,460)

1,866,822

(4,884,718)

1,941,634

Income tax expense

(705)

(4,457)

(6,977)

(105,598)

Net income (loss) from continuing operations

(2,607,165)

1,862,365

(4,891,695)

1,836,036

Net income (loss) from discontinued operations,
    net of applicable income taxes

7,875

(721,007)

(77,779)

(1,200,110)

Net income (loss)

(2,599,290)

1,141,358

(4,969,474)

635,926

Net (income) loss attributable to non-controlling
     interests from continuing operations

418,546

(51,105)

808,245

(124,033)

Net income (loss) attributable to stockholders

$

(2,180,744)

$

1,090,253

$

(4,161,229)

$

511,893

Net income (loss)

$

(2,599,290)

$

1,141,358

$

(4,969,474)

$

635,926

Other comprehensive loss

Foreign currency translation adjustment

(165,216)

(374,191)

(153,499)

(460,414)

Comprehensive income (loss)

(2,764,506)

767,167

(5,122,973)

175,512

Total comprehensive loss attributable to
noncontrolling interests

(399,438)

(46,200)

(786,824)

(1,548)

Total comprehensive income (loss) attributable
to stockholders

$

(2,365,068)

$

813,367

$

(4,336,149)

$

177,060

 

 

 

SENMIAO TECHNOLOGY LIMITED

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

(CONTINUED)

(Expressed in U.S. dollar, except for the number of shares)

For the Three Months Ended September 30,

For the Six Months Ended September 30,

2020

2019

2020

2019

(Unaudited)

(Unaudited)

(Unaudited)

(Unaudited)

Weighted average number of common stock

Basic and diluted

37,802,840

28,237,430

33,429,856

27,185,205

Earnings (loss) per share – basic and diluted

Continuing operations

$

(0.06)

$

0.06

$

(0.12)

$

0.06

Discontinued operations

$

0.00

$

(0.03)

$

0.00

$

(0.04)

 

 

 

SENMIAO TECHNOLOGY LIMITED

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Expressed in U.S. dollar, except for the number of shares) 

For the Six Months Ended September 30,

2020

2019

(Unaudited)

(Unaudited)

Cash Flows from Operating Activities:

Net income (loss)

$

(4,969,474)

$

635,926

Net loss from discontinued operations

(77,779)

(1,200,110)

Net (loss) income from continuing operations

(4,891,695)

1,836,036

Adjustments to reconcile net income (loss) to net cash used in operating activities:

Depreciation and amortization of property and equipment

106,608

50,396

Stock compensation expense

445,000

–

Amortization of right-of-use assets

2,123,901

40,730

Amortization of intangible assets

41,670

98

Bad debts expense

81,072

129,230

Impairment loss of financing lease right-of-use assets

80,223

–

Gain (loss) on disposal of equipment

(412)

4,621

Change in fair value of derivative liabilities

412,941

(1,994,806)

Change in operating assets and liabilities

Accounts receivable

124,198

(2,580,766)

Inventories

278,161

(804,853)

Prepayments, other receivables and other assets

(248,889)

(1,280,566)

Finance lease receivables

(46,913)

(1,109,277)

Accounts payable

(3,097)

167,472

Advances from customers

11,864

60,385

Income tax payable

480

87,469

Accrued expenses and other liabilities

1,355,339

351,653

Operating lease liabilities

(96,436)

(74,875)

Operating lease liabilities – related parties

61,575

–

Net cash used in operating activities from continuing operations

(164,410)

(5,117,053)

Net cash used in operating activities from discontinued operations

(1,131,564)

(947,351)

Net Cash used in Operating Activities

(1,295,974)

(6,064,404)

Cash Flows from Investing Activities:

Purchases of property and equipment

(19,572)

(384,695)

Prepayment of intangible assets

–

(470,000)

Net cash used in investing activities from continuing operations

(19,572)

(854,695)

Net cash used in investing activities from discontinued operations

(71)

–

Net Cash Used in Investing Activities

(19,643)

(854,695)

Cash Flows from Financing Activities:

Net proceeds from issuance of common stock and warrants in a registered direct offering

–

5,142,124

Net proceeds from issuance of common stock and warrants in an underwritten public offering

6,098,297

–

Net proceeds from issuance of common stock upon exercise of warrants

75,000

96

Borrowings from an insurance company

488,932

–

Repayments to stockholders

(28,569)

–

Repayments to third parties

–

(462,370)

Loan to related party

(66,427)

–

Borrowings from related parties and affiliates

–

1,121,435

Repayments to related parties and affiliates

(205,900)

(838,949)

Repayments of current borrowings from financial institutions

(150,999)

(97,306)

Release of escrow receivable

–

600,000

Principal payments of finance lease liabilities

(1,449,554)

–

Net cash provided by financing activities from continuing operations

4,760,780

5,465,030

Net cash provided by (used in) financing activities from discontinued operations

28,569

(814,033)

Net Cash Provided by Financing Activities

4,789,349

4,650,997

 

 

 

SENMIAO TECHNOLOGY LIMITED

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(CONTINUED)

(Expressed in U.S. dollar, except for the number of shares)

For the Six Months Ended September 30,

2020

2019

(Unaudited)

(Unaudited)

Effect of exchange rate changes on cash and cash equivalents

76,259

(213,741)

Net (decrease) increase in cash and cash equivalents

3,549,991

(2,481,843)

Cash and cash equivalents, beginning of period

844,028

5,020,510

Cash and cash equivalents, end of period

4,394,019

2,538,667

Less: Cash and cash equivalents from discontinued operations

–

(293,766)

Cash and cash equivalents from continuing operations, end of period

$

4,394,019

$

2,244,901

Supplemental Cash Flow Information

Cash paid for interest expense

$

35,540

$

62,345

Cash paid for income tax

$

–

$

–

Non-cash Transaction in Investing and Financing Activities

Prepayment in exchange of intangible assets

$

–

$

40,457

Recognition of right-of-use assets and lease liabilities

$

2,976,966

$

960,908

Acquisition of equipment through prepayment and financing lease

$

312,864

$

–

Allocation of fair value of derivative liabilities for issuance of common stock
proceeds

$

241,919

$

3,150,006

Allocation of fair value of derivative liabilities to additional paid in capital upon
warrants exercised

$

56,662

$

961,631

Stock issued on deferred stock compensation

$

445,000

$

–

 

 

 

Related Links :

http://www.senmiaotech.com

PR Newswire

SINA to Hold Extraordinary General Meeting of Shareholders

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BEIJING, Nov. 20, 2020 — SINA Corporation (the "Company" or "SINA") (Nasdaq: SINA), a leading online media company serving China and the global Chinese communities, today announced that it has called an extraordinary general meeting of shareholders (the "EGM"), to be held at 10:00 a.m. Beijing Time on December 23, 2020, at Room Beijing, 1/F SINA Plaza No. 8 Courtyard 10 West, Xibeiwang East Road, Haidian District, Beijing 100193, People’s Republic of China, to consider and vote on, among other things, the proposal to authorize and approve the previously announced agreement and plan of merger (the "Merger Agreement") dated September 28, 2020 by and between New Wave Holdings Limited ("Parent"), New Wave Mergersub Limited, a wholly owned subsidiary of Parent ("Merger Sub") and the Company, the plan of merger required to be filed with the Registrar of Companies of the Cayman Islands in connection with the merger (the "Plan of Merger") and the transactions contemplated thereby, including the merger.

Pursuant to the Merger Agreement and the Plan of Merger, at the effective time of the merger, Merger Sub will merge with and into the Company, with the Company continuing as the surviving company and becoming a wholly owned subsidiary of Parent. If completed, the merger will result in the Company becoming a privately held company and its ordinary shares ("Ordinary Shares") will no longer be listed on the NASDAQ Stock Market LLC. In addition, the Ordinary Shares will cease to be registered under Section 12 of the Securities Exchange Act of 1934.

The board of directors of the Company, acting upon the unanimous recommendation of the special committee of the board of directors of the Company comprised solely of independent directors unaffiliated with the buyer parties, approved the Merger Agreement, the Plan of Merger and the consummation of the transactions contemplated thereby, including the merger, and resolved to recommend that the Company’s shareholders vote FOR, among other things, the proposal to authorize and approve the Merger Agreement, the Plan of Merger, and the consummation of the transactions contemplated thereby, including the merger.

Shareholders of record as of the close of business in the Cayman Islands on November 20, 2020 will be entitled to attend and vote at the EGM.

Additional information regarding the EGM and the Merger Agreement can be found in the transaction statement on Schedule 13E-3 and the proxy statement attached as Exhibit (a)-(1) thereto, as amended, filed with the U.S. Securities and Exchange Commission ("SEC"), which can be obtained, along with other filings containing information about the Company, the proposed merger and related matters, without charge, from the SEC’s website (http://www.sec.gov). In addition, the Company’s proxy materials (including the definitive proxy statement) will be mailed to the Company’s shareholders.

SHAREHOLDERS ARE URGED TO READ CAREFULLY AND IN THEIR ENTIRETY THESE MATERIALS AND OTHER MATERIALS FILED WITH OR FURNISHED TO THE SEC WHEN THEY BECOME AVAILABLE, AS THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY, THE PROPOSED MERGER AND RELATED MATTERS.

The Company and certain of its directors and executive officers may, under SEC rules, be deemed to be "participants" in the solicitation of proxies from the shareholders with respect to the proposed merger. Information regarding the persons who may be considered "participants" in the solicitation of proxies is set forth in the Schedule 13E-3 transaction statement relating to the proposed merger and the definitive proxy statement attached thereto. Further information regarding persons who may be deemed participants, including any direct or indirect interests they may have, is also set forth in the definitive proxy statement.

This announcement is for information purposes only and does not constitute an offer to purchase or the solicitation of an offer to sell any securities or a solicitation of any proxy, vote or approval with respect to the proposed transaction or otherwise, nor shall it be a substitute for any proxy statement or other materials that have been or will be filed with or furnished to the SEC.

About SINA

SINA is a leading online media company serving China and the global Chinese communities. Its digital media network of SINA.com (portal), SINA mobile (mobile portal and mobile apps) and Weibo (social media) enables internet users to access professional media and user generated content in multi-media formats from personal computers and mobile devices and share their interests with friends and acquaintances.

SINA.com offers distinct and targeted professional content on each of its region-specific websites and a full range of complementary offerings. SINA mobile provides news information, professional and entertainment content customized for mobile users through mobile applications and mobile portal site SINA.cn.

Weibo is a leading social media platform for people to create, distribute and discover content. Based on an open platform architecture, Weibo provides unprecedented and simple way for people and organizations to publicly express themselves in real time, interact with others on a massive global platform and stay connected with the world.

Through these properties and other product lines, SINA offers an array of online media and social media services to its users to create a rich canvas for businesses and advertisers to effectively connect and engage with their targeted audiences.

Safe Harbor Statements

This press release contains statements that express the Company’s current opinions, expectations, beliefs, plans, objectives, assumptions or projections regarding future events or future results and therefore are, or may be deemed to be, "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 (the "Act"). These forward-looking statements can be identified by terminology such as "if," "will," "expected" and similar statements. Forward-looking statements involve inherent risks, uncertainties and assumptions. Risks, uncertainties and assumptions include: uncertainties as to how the Company’s shareholders will vote at the meeting of shareholders; the possibility that competing offers will be made; the possibility that financing may not be available; the possibility that various closing conditions for the transaction may not be satisfied or waived; and other risks and uncertainties discussed in documents filed with the SEC by the Company, as well as the Schedule 13E-3 transaction statement and the proxy statement filed by the Company. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the SEC. These forward-looking statements reflect the Company’s expectations as of the date of this press release. You should not rely upon these forward-looking statements as predictions of future events. The Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Contact

Investor Relations
SINA Corporation
Phone: +86 10 5898 3336
Email: ir@staff.sina.com.cn

Related Links :

http://www.sina.com

PR Newswire

Red Box Delivers Cloud Configurable Voice Recording to Fuel AI on Microsoft Azure

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LONDON and NEW YORK, Nov. 20, 2020 — Red Box, a leading platform for voice, today announces an extension of its relationship with Microsoft aligned to the launch of Conversa, Red Box’s enterprise voice platform.

Red Box is already a Preferred Telephony Partner for conversation intelligence, part of Microsoft Dynamics 365 Sales and Customer Service. This latest development in the relationship delivers a unique capture layer for enterprise voice. It combines the power of Conversa audio processing in Microsoft Azure and Microsoft AI, with seamless support of both cloud and premise-based telephony aligned with frictionless zero touch implementations.

The on-premise self-install capability provided by Conversa, and powered by Azure Cloud, will simplify the delivery of ‘AI-Ready’, real-time voice capture for those organizations that struggle to gain access to audio data.

 "Conversa captures rich, high quality voice data from every conversation and from across the entire enterprise," says Richard Stevenson, Red Box CEO. "With market leading, platform agnostic containerised architecture and free and open APIs, Conversa provides organizations with an easily provisionable, downloadable collector that delivers even easier access to and control of voice data in real-time to leverage in conversation intelligence."

Red Box also recently announced the GA availability of its compliance recording solution for Microsoft Teams.

"The launch of Conversa as an auto-configurable enterprise voice platform is about creating a frictionless customer experience," comments, Ray Smith, GM for Dynamics 365 Sales at Microsoft. "The combination of Conversa and Microsoft’s Dynamics 365 Sales conversation intelligence will empower organizations to quickly unlock and integrate their existing telephony data into their business applications or workflow, providing real time actionable insights for intelligent customer engagements."

About Red Box

Red Box is the leading dedicated voice specialist with over 30 years’ experience in empowering organisations to capture, secure and unlock the value of enterprise wide voice. Conversa by Red Box is the next generation and first truly open microservices-based, enterprise voice platform. It offers a revolutionary event driven and globally extensible architecture, market leading infrastructure TCO and infinite horizontal scalability.

Providing mission critical, resilient capture of rich, high quality voice data and media from every conversation, anywhere, on any platform and in real-time, Conversa providers customers with end to end data sovereignty and open access to the world’s most extensive ecosystem of leading AI voice technologies.

Red Box is trusted by leading organisations across financial services, contact centre, government and public safety sectors (including six of the world’s top banks, 85% of global interdealer brokers, 1,700 call centres and over 80% of UK police forces) and we capture and secure millions of calls daily for over 3,500 customers around the world.

For more information visit www.redboxvoice.com

For press enquiries please contact:
Dynamo PR on +44 (0) 203 946 6862
redbox@dynamopr.com 

 

 

PR Newswire

Successful Day 1 of COMEUP 2020, with more than 50,000 accumulative online views, 7,500 pre-registrations, and 400,000 accumulative visits to the homepage

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  • COMEUP 2020: Day 1 (19 November)
  • Successful Day 1, with academic conferences in ‘Digital healthcare’ to ‘Environment‘
  • Day 1 afternoon sessions featured lectures and passionate discussions in 2 areas, ‘Digital healthcare‘ and ‘Environment‘
  • World-famous experts in healthcare and cleantech participated to discuss changes, forecasts & responses to the post-COVID-19 era

SEOUL, South Korea, Nov. 20, 2020 — Festivities of Day 1 of global startup festival, COMEUP 2020 is now in the books. COMEUP 2020 organizing committee (chairwoman Sophie Kim, CEO of Kurly) and Korea Institute of Startup & Entrepreneurship Development (President Kim Kwanghyon) said the number of accumulative views for the academic conference broadcasts on Day 1 has surpassed 50,000 as of 18:00.

Successful Day 1 of COMEUP 2020
Successful Day 1 of COMEUP 2020

There was a lot of interest and expectations to the festival, with more than 7,500 pre-registrations, and 400,000 accumulative visits to the homepage recorded prior to the opening ceremony. COMEUP managed to attract more than 40,000 views of the broadcast, with approximately double the number of pre-registered participants, despite the majority of events nowadays being held online and suffering from frequent no-shows from participants.

Suh Beomsuk, CEO of ‘Lunit’, a Korean medical AI startup, Emmanuel Lagarrigue, CIO of ‘Schneider Electric’, a global energy management company and others participated as speakers and discussion panels, with the discussions focused on ‘Digital healthcare‘ and ‘Environment‘.

Special discussion (break time): Miika Huttunen, CEO of Slush

Prior to the afternoon session, a well-known global speaker representing startup ecosystems is invited for a special 1-hour discussion during break time.

Miika Huttunen, CEO of ‘Slush‘ global startup conference, was invited for the special discussion on Day 1. COMEUP secretary general Jung Hyunwook hosted the discussion with Mr. Huttunen, and COMEUP participants were able to watch it live online.

Mr. Huttunen explained the strategy behind Slush’s growth, and its philosophy and mission. ‘Slush’ believes that an entrepreneurial spirit is the most effective way to change the world, and seeks to create and assist more entrepreneurs.

Startup academic conferences, Day 1 (19 November), afternoon sessions Digital healthcare & environment

Suh Beomsuk, CEO of ‘Lunit’, a Korean medical AI startup, Emmanuel Lagarrigue, CIO of ‘Schneider Electric’, a global energy management company and others participated as speakers and discussion panels during the afternoon session, with the discussions focused on ‘Digital healthcare’ and ‘Environment’.

1. Digital healthcare

Category

Keynote address

(14:00~14:40)

Discussion 1

(14:40~15:20)

Discussion 2

(15:20~16:00)

Agenda

Revolution in behavioral changes

The business model of digital
healthcare

The present and future of non-
contact healthcare industry

Participants

Jeong Saeju (Noom)

(Host) Kim Chiwon (Seoulwise Convalescent Hospital)

(Panel) Suh Beomsuk (Lunit)

(Panel) Oh Jungtaek (E2E Health)

(Panel) Lee Byungwhan (Sky Labs)

(Panel) Alex Waldron (Pear Therapeutics)

(Host) Choi Yunsub (DHP)

(Panel) Kim Gihwan (Medihere)

(Panel) Ban Hoyoung (Neofect)

(Panel) Choi Dooah (Huraypositive)

(Panel) Robbie Cape (98point6)

The keynote address delivered by Jeong Saeju, CEO of Noom, healthcare startup based on behavioral science, was followed by discussions on ‘The business model of digital healthcare‘ and ‘The present and future of non-contact healthcare industry‘.

2. Environment

Category

Keynote address

(14:00~14:40)

Discussion 1

(14:40~15:20)

Discussion 2

(15:20~16:00)

Agenda

Climate change, the
biggest threat to
humanity

The triad of startups, VC, and
large corporations: Cleantech 2.0

Forward-looking reconstruction
in the post-pandemic era:
city-energy-tech nexus

Participants

Emmanuel Lagarrigue

(Schneider Electric)

(Host) Kwak Wonchul (GS)

(Panel) Oh Seil (Innerbottle)

(Panel) Yoon Taehwan (Root Energy)

(Panel) Je Hyunju (Yellowdog)

(Host) Mushtaq Ahmed Memon (United Nations Environment Programme)

(Panel) Alexander Rozenfeld (Climate Impact Capital)

(Panel) Craig Lawrence (Energy Transition Ventures)

(Panel) Eli A. Goldstein (SkyCool Systems)

The keynote address delivered by Emmanuel Lagarrigue, CIO of Schneider Electric on ‘Climate change, the biggest threat to humanity’ was followed by discussions on ‘The triad of startups, VC, and large corporations: Cleantech 2.0’ and ‘Forward-looking reconstruction in the post-pandemic era : city-energy-tech nexus’.

Startup academic conferences, Day 2 (20 November)

  • Agenda : Working environment (Open Innovation, AI & Robotics, Telecommuting, Manufacturing)

The agenda for Day 2 (20 November) is ‘Working environment’, with academic conferences focused on ‘Open Innovation’ and ‘AI & Robotics’ in the morning sessions, and ‘Telecommuting’ and ‘Manufacturing’ in the afternoon sessions.

Professor Kim Jungsang of Duke University, co-founder and CTO of IonQ, and Professor Henry Chesbrough, the world’s foremost expert in the field of Open Innovation will participate in the in-depth discussions.

COMEUP 2020 Day 2 keynote speakers

Opening keynote

Professor: Kim Jungsang

Open Innovation keynote

Professor: Henry Chesbrough

Telecommuting keynote,
professor: Gary A. Bolles

AI & Robotics keynote:
CEO Ha Jungwoo

Manufacturing keynote:
CEO Yoon Byungdong

Special events

Events such as AI Championship and K-Startup Grand Challenge, and ‘ChungChungCon’, where youngsters lead youngsters, are also being conducted simultaneously starting on the 19th.

All special events are also broadcast live online through YouTube, etc., and you can watch the videos anytime on YouTube after the live event is over.

Events such as AI Championship, ‘Changgoo’ Program Demo Day, the first ever collaboration between the Korean government and Google, and ‘The Day of Do Over’, a festival for entrepreneurs that have overcome their failures and attempting to try again, will also be held on the 20th.

How to participate

You can participate in the academic conferences for startups, hosted between the 19th to the 21st(Saturday) through the ‘Official COMEUP 2020 Nurijip (homepage)’ (www.kcomeup.com) and COMEUP YouTube channel (www.youtube.com/c/KStartupWeekComeUp) online anywhere in the world. You can also check for the 7 special events that are being conducted simultaneously with COMEUP through the official COMEUP homepage.

PR Newswire

World Internet of Things Exposition 2020 successfully concluded in Wuxi, China

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NANJING, China, Nov. 20, 2020 — On November 18, the World Internet of Things Exposition (WIoT) 2020 Innovation Achievement Conference and China Enterprise Strategic Investment Summit were held in Wuxi, which is also the closing event of the WIoT 2020.

The theme of the conference is "The New World of the Internet of Things, 5G Wins the Future", which is different from the previous centralized exhibition. The current expo lasted 104 days and adopted a new mode of two-line mutual integration. New forms such as "Cloud Exhibition, Cloud Forum, Cloud Release, and Cloud Technology" will create a panoramic, all-weather, multi-dimensional industry event on the Internet of Things, according to the organizing committee of World Internet of Things Expo.

As one of the important activities of this expo, the 2020 WIoT "New Technologies, New Products and New Applications" results selection has solicited 1,625 results from the world, involving more than 20 countries including Switzerland, Ireland and more than 20 provinces and cities including Beijing, Shanghai, and Guangzhou. The declared companies include Fortune 500 companies such as Siemens, Bosch, Huawei, JD, Infineon, and Ericsson.

More than 30 academicians from all over the world, more than 4,000 corporate executives, and 1,053 companies participated in the expo. Among them, the "Haichuang Jiangnan" Internet of Things Innovation and Entrepreneurship Competition made its debut at the expo. 481 projects from 15 countries signed up for the competition, of which overseas returnees accounted for more than 40% of the projects, and the cumulative amount of financing exceeded 2.8 billion.

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   Link: http://asianetnews.net/view-attachment?attach-id=377520
   Caption: The Award Ceremony of 2020 WIoT "New Technologies, New Products and New Applications" Results Selection

PR Newswire

German companies bullish on Chinese market

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JINAN, China, Nov. 20, 2020 — Many German companies have expressed confidence in the Chinese market at a conference in east China’s Shandong Province, according to Jinan High-tech Industrial Development Zone Management Committee.

Project Signing Ceremony
Project Signing Ceremony

"Feel free to try out our application. Chinese and foreign companies can communicate on it and reach agreements online," Sebastian Valcic from Germany who works at the Jinan Innovation Zone, introduced the application designed for the 2020 Sino-German (Europe) SME Cooperation and Communication Conference.

The conference took place on Thursday in Jinan, the provincial capital, with 11 Chinese and foreign cooperation projects signed worth 10.13 billion yuan (1.54 billion U.S. dollars) in investment.

"We have always stayed bullish on China’s development," said An Yu, executive vice president Asia-Pacific of VOSS Automotive, a German company. "Thanks to China’s economic recovery policies, our business in China has grown by 40 percent this year, prompting the Asia-Pacific region revenue to become the fastest-growing revenue segment of our company."

Joachim Denzel, a project consultant with Festo, said that China’s economy keeps growing despite a gloom over other economies worldwide. He expects business in China to outgrow other areas in the world in the future.

According to the Ministry of Industry and Information Technology, since 2012, China has set up nine Sino-German SME cooperation zones, giving strong support to the investment of Germany’s medium- and small-sized companies in China with policies and intellectual property protection.

"Our app is still in the testing stage, but more than 150 foreign companies have already registered, and more than half of them are German companies," said Sebastian Valcic.

Image Attachments Links:
   Link: http://asianetnews.net/view-attachment?attach-id=377535
   Caption: Project Signing Ceremony

PR Newswire

Trip.com Group Ltd. to Report Third Quarter of 2020 Financial Results on December 1, 2020 U.S. Time

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SHANGHAI, Nov. 20, 2020 — Trip.com Group Ltd. (Nasdaq: TCOM), a leading one-stop travel service provider of accommodation reservation, transportation ticketing, packaged tours and corporate travel management, will announce its third quarter of 2020 results on Tuesday, December 1, 2020, U.S. Time, after the market closes.

Trip.com Group’s management team will host a conference call at 7:00PM U.S. Eastern Time on December 1, 2020 (or 8:00AM on December 2, 2020 in the Shanghai/Hong Kong Time) following the announcement.

The conference call will be available on Webcast live and replay at: http://investors.trip.com. The call will be archived for twelve months at this website.

All participants must pre-register to join this conference call using the Participant Registration link below: 
https://s1.c-conf.com/diamondpass/10011064-jijA6p.html

Upon registration, each participant will receive details for this conference call, including dial-in numbers, passcode and a unique access PIN. To join the conference, please dial the number provided, enter the passcode followed by your PIN, and you will join the conference instantly.

A telephone replay of the call will be available after the conclusion of the conference call until December 9, 2020.  

The dial-in details for the replay:
International dial-in number: +61-7-3107-6325
Passcode: 10011064

About Trip.com Group Ltd.

Trip.com Group Limited (Nasdaq: TCOM) is a leading one-stop travel service provider consisting of Trip.com, Ctrip, Skyscanner, and Qunar. Across its platforms, Trip.com Group enables local partners and travelers around the world to make informed and cost-effective bookings for travel products and services, through aggregation of comprehensive travel-related information and resources, and an advanced transaction platform consisting of mobile apps, Internet websites, and 24/7 customer service centers. Founded in 1999 and listed on Nasdaq in 2003, Trip.com Group has become one of the largest travel companies in the world in terms of gross merchandise value.

 

Related Links :

https://www.ctrip.com/

PR Newswire

Zepp Global Sleep Study Reveals Popularity of Beethoven’s Moonlight Sonata at Bedtime; Launches Personalized Digital Lullaby Generator

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  • Zepp partners with World Sleep Society to understand perceptions around sleep quality in the UK, US, Italy, Spain, Germany and Thailand
  • Some poll respondents believe they are losing up to 4.5 hours of sleep worrying about the pandemic
  • 60% of respondents who have worn wearables to bed said it made them aware of their lack of sleep

SHENZHEN, China, Nov. 20, 2020 — Zepp, a professional-grade wearable brand empowering the digital management of personal well-being, today released a Global Sleep Study featuring commentary from the World Sleep Society, an international authority in sleep health. In October 2020, Zepp commissioned an independent poll of 12,000 respondents across 6 countries to understand the concerns, perceptions and attitudes around sleep quality in these unprecedented times.

The results show that feelings of sleep deprivation are more prevalent than most believe and that there is a general yearning for more shut-eye time. The day’s worries are deemed to carry on into the night, resulting in less than optimal sleep, and it appears to be a vicious cycle, impacting well-being the next day. With changing lifestyle habits due to the stay-at-home economy brought about by the pandemic, naturally, sleep habits have changed too. Music and meditative habits seem to resonate with respondents of this poll.

Create your own Zepp Lullaby for a better sleep
Create your own Zepp Lullaby for a better sleep

Pandemic and Other Anxieties

Thailand was revealed as the nation that was most sleep deprived, with half of respondents (50%) claiming they were definitely sleep deprived, followed by Germany (38%), USA (37.8%), UK (37.4%) Italy (18.5%) and Spain (18.2%). 43% of respondents attributed the problem to work woes, 40% to money worries, and 23% to pandemic-related concerns.

COVID-19 lockdowns were also deemed to have changed people’s sleeping patterns, with more than a third (33.6%) of respondents saying they go to bed later than usual, and 20% saying they find it harder to sleep. Respondents believe they are losing an average of 2.7 hours of sleep per night due to pandemic-induced worries, with respondents in Thailand clocking the highest average loss of 4.5 hours per night.

Almost half of respondents in the US (46%) and Spain (47%) feel that they live in a sleep-deprived nation due to technology and social media. Thailand respondents (52%) believe it results from having too much to think about and Italians agree (48%). Respondents in Germany (46%) think it is because they work too hard and are burnt out and those in the UK (46%) say it is because the world is a worrying place right now.

Coping in a Post-Pandemic World

People are also actively taking measures to help themselves sleep better in this time. Top measures include listening to relaxing music, avoiding caffeine in the evening, reading before bed and meditation. 60% of respondents who have worn wearables to bed say it makes them aware of their lack of sleep. Data from wearables are believed to have helped respondents work out the exact number of hours of sleep they have, and improve their sleeping patterns.

"By tracking sleep, you will have a better understanding of if you are achieving the three components of healthy sleep—duration, or the length of sleep, continuity, meaning sleeping without fragmentation, and depth, which is sleep deep enough to be restorative," said Dr. Lourdes DelRosso, Co-chair of World Sleep Day, World Sleep Society.

Music as a Bedside Aid

89% of respondents agreed that listening to calming music can help with sleep. Poll results show Beethoven’s Moonlight Sonata was the most popular track for all nations to listen to at bedtime, with the exception of Italy, with respondents favoring Chopin’s Nocturne No.2. Respondents in Germany and Thailand said their favorite music genre to listen to was pop, whereas respondents in the US, UK, Spain and Italy said it was classical music.

Personalized Lullabies for an Enhanced Night’s Rest

Recognizing music’s role in helping people fall asleep, Zepp has worked with Swedish creative masterminds to launch a digital Lullaby Generator.

The free-to-use Lullaby Generator will help users create tailor-made music based on their very own sleep patterns for an enhanced night’s rest. Existing Zepp users can login to share their sleep metrics and automatically produce a unique and personalized lullaby. Non-Zepp users can also participate by answering a series of questions about their sleep habits.

As a champion for personal wellbeing, products and programs from Zepp are aimed at helping consumers track their sleep as they embark on their journey towards healthier sleep.

To generate your personalized lullaby, visit https://zepplullaby.com/.

Sleep Tracking Features of Zepp Smartwatches

In August, Zepp launched a stylish line-up of wearables designed with wellness in mind. The all-new Zepp E series leverages the power of artificial intelligence (AI) and cutting-edge technology to convert vital health statistics into actionable insights that help users effectively monitor their physical and mental wellbeing.

Equipped with robust sleep tracking technologies and features, Zepp smartwatches are set to become consumers’ best sleeping companion. State of the art sleep tracking measures users’ sleep status, including light sleep, deep sleep, Rapid Eye Movement (REM)[1] and awake time, even monitoring 20-minute daytime naps[2] during the day, providing users with overall sleep scores to help them measure the quality of their sleep and breathing.

For detailed product specifications and more information, visit www.zepp.com.

To view the Global Sleep Study Executive Summary and for more materials, visit this link.

The Newest Products from Zepp

In August, Zepp Launched Zepp E Square and Zepp E Circle as its newest product in the line, featured 3D curved bezel-less design and stylish. On Nov. 17th, the premium designed line-up, Zepp Z was released as a premium partner in wellness, equipped with RISC-V wearable chip and PAI™ Health Assessment System[3].  

About Zepp

As a professional-grade brand for the digital management of users’ well-being, Zepp leverages its leading AI algorithmic system to bring digital health solutions to people around the globe. From traditional health and exercise monitoring to analysis and early health-status warnings, Zepp is committed to helping users improve their quality of life. Zepp believes in the use of technology to better manage our well-being and help everyone enjoy a more fulfilling life. Therefore, Zepp’s mission is to "continuously develop new technologies and use accurate data-analysis capabilities to help people manage their own health."

[1] To monitor your REM cycle, the sleep assistant mode, and heart rate tracking must be enabled. The rapid eye movement phase is the sleep phase related to dreams in the sleep cycle.

[2] The rapid eye movement period, also known as REM, is the basis for the normal biological rhythm and life-sustaining of mammals. It accounts for about 20%-25% of the entire night’s sleep cycle. It is characterized by rapid eye movement, low-amplitude mixed-frequency EEG activity, and muscle tension relaxation. To monitor your REM cycle, the sleep assistant mode and heart rate tracking must be enabled. Sleep monitoring: can record evening sleep and naps. When it detects that the wearer is asleep between midnight and 6AM, the sleep time between 6PM of the previous day and 11AM can be recorded as night sleep time; sleep between 11AM and 6PM lasting more than 20 minutes is recorded as a nap. Sleep lasting less than 20 minutes is not recorded. Less than 20-minute naps during the day will not be recorded.

[3] The HUNT Fitness Study indicates that people who maintain a PAI™ score of 100 or higher show lower risk of hypertension, heart disease, and type-2 diabetes. HUNT Fitness Study: This study was conducted by Professor Ulrik Wisloff of the Faculty of Medicine, Norwegian University of Science and Technology. It lasted for more than 35 years and involved 230,000 participants. 

 

 

Related Links :

http://www.zepp.com

PR Newswire

China Telecom Honored with “The Best of Asia – Icon on Corporate Governance”

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Asia’s Best Awards in CEO, CFO and CSR

HONG KONG, Nov. 20, 2020 — China Telecom Corporation Limited ("China Telecom" or "the Company"; HKEx: 00728; NYSE: CHA) was awarded "The Best of Asia – Icon on Corporate Governance" in the "Corporate Governance Asia Recognition Awards 2019", organized by Corporate Governance Asia, a prestigious regional journal on corporate governance. It is the 13th time the Company honored with this award. Mr. Ke Ruiwen, Executive Director, Chairman and CEO, was accredited the "Asian Corporate Director Recognition Award 2019".

China Telecom Honored with “The Best of Asia - Icon on Corporate Governance”
China Telecom Honored with “The Best of Asia – Icon on Corporate Governance”

In addition, China Telecom was honored with the following corporate governance grand awards in its "Asian Excellence Award 2020":

  • Asia’s Best CEO – Mr. Ke Ruiwen
  • Asia’s Best CFO – Madam Zhu Min
  • Asia’s Best CSR
  • Best Investor Relations Company

Corporate Governance Asia acknowledged that China Telecom strives to maintain a high level of corporate governance and has inherited an excellent, prudent and efficient corporate governance concept and continuously enhances its corporate governance methodology. The sustained enhancement of the company’s corporate governance aligned with the long-term best interest of shareholders. In addition, China Telecom was also honored with the accomplishment in its investor relations practice by providing shareholders and investors with essential information that helps them make informed and timely decisions.

"Corporate Governance Asia Recognition Awards" honors corporates who have outstanding performance on various aspects including quality of management, their business model, growth prospects, financial performance and relative position in their industries. Corporate Governance Asia honors corporates that remain in good standing as far as corporate governance is concerned. "Asian Excellence Awards" recognizes corporates’ achievements and excellence in management acumen, financial performance, corporate social responsibility, environmental practices and investor relations. These awards are in the tradition of the high standards set and uphold by Corporate Governance Asia, the authoritative voice in corporate governance practices in the region. The accolades are based both on the scores from the data that was submitted by readers and from interviews conducted with investors.

China Telecom would like to sincerely thank the capital market and investors for their support and trust all along.

China Telecom Honored with Asia’s Best Awards in CEO, CFO and CSR
China Telecom Honored with Asia’s Best Awards in CEO, CFO and CSR

Related Links :

http://www.chinatelecom-h.com

PR Newswire

Correction of date for Ericsson’s fourth quarter report 2020

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STOCKHOLM, Nov. 20, 2020 — Ericsson’s (NASDAQ: ERIC) financial report for the fourth quarter 2020, will be issued on January 29, 2021. By mistake an incorrect date is stated in the financial report for the third quarter of 2020, published on October 21. The error occurs on page 12, last sentence, "Date for next report: January 26, 2021".

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Ericsson enables communications service providers to capture the full value of connectivity. The company’s portfolio spans Networks, Digital Services, Managed Services, and Emerging Business and is designed to help our customers go digital, increase efficiency and find new revenue streams. Ericsson’s investments in innovation have delivered the benefits of telephony and mobile broadband to billions of people around the world. The Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq New York. www.ericsson.com

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Correction of date for Ericsson’s fourth quarter report 2020