Yearly Archives: 2020

PR Newswire

58.com Announces Appointment of Independent Financial Advisor and Legal Counsel to the Special Committee

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BEIJING, April 27, 2020 /PRNewswire/ — 58.com Inc. (NYSE: WUBA) (“58.com” or the “Company”), China’s largest online classifieds marketplace, today announced that the special committee (the “Special Committee”) of the Company’s board of directors (the “Board”), formed to evaluate and consider the previously announced preliminary non-binding acquisition proposal letter dated April 2, 2020 (the “Proposal”) or any alternative strategic option that the Company may pursue, has retained Houlihan Lokey (China) Limited as its independent financial advisor and Fenwick & West LLP as its legal counsel to assist it in this process.

The Board cautions the Company’s shareholders and others considering trading the Company’s securities that no decisions have been made with respect to the Proposal or any alternative strategic option that the Company may pursue. There can be no assurance that any definitive offer will be received, that any definitive agreement will be executed relating to the transaction contemplated by the Proposal or that any other transaction will be approved or consummated. The Company does not undertake any obligation to provide any updates with respect to any transaction, except as required under applicable law.

About 58.com Inc.

58.com Inc. (NYSE: WUBA) operates China’s largest online classifieds marketplace, as measured by monthly unique visitors on both its www.58.com website and mobile applications. The Company’s online marketplace enables local business users and consumer users to connect, share information and conduct business. 58.com’s broad, in-depth and high-quality local information, combined with its easy-to-use website and mobile applications, has made it a trusted marketplace for consumers. 58.com’s strong brand recognition, large and growing user base, merchant network and massive database of local information create a powerful network effect. For more information on 58.com, please visit http://www.58.com.

Safe Harbor Statements

This press release contains forward-looking statements made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. 58.com may also make written or oral forward-looking statements in its reports filed with or furnished to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about 58.com’s beliefs and expectations, are forward-looking statements that involve factors, risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors and risks include, but not limited to the following: 58.com’s goals and strategies; its future business development, financial condition and results of operations; its ability to retain and grow its user base and network of local merchants for its online marketplace; the growth of, and trends in, the markets for its services in China; the outbreak of COVID-19 or other health epidemics in China or globally; the demand for and market acceptance of its brand and services; competition in its industry in China; its ability to maintain the network infrastructure necessary to operate its website and mobile applications; relevant government policies and regulations relating to the corporate structure, business and industry; and its ability to protect its users’ information and adequately address privacy concerns. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is current as of the date of the press release, and 58.com does not undertake any obligation to update such information, except as required under applicable law.

For more information, please contact:
58.com Inc.
ir@58.com

Christensen
In China
Mr. Christian Arnell
Phone: +86-10-5900-1548
E-mail: carnell@christensenir.com

In US
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: lbergkamp@ChristensenIR.com

Cision View original content:http://www.prnewswire.com/news-releases/58com-announces-appointment-of-independent-financial-advisor-and-legal-counsel-to-the-special-committee-301047455.html

News

Facebook Introduces Messenger Rooms and More!

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Everyone knows Zoom, everyone knows Skype, and Everyone knows Facebook Messenger and WhatsApp. It is nice that in this time of need, you still can see the faces of your loved ones on your smartphone or PC screen. Unfortunately, not everyone is on every platform that we have listed. Well, everyone is on WhatsApp these days. Still, not everyone is on the same platform at once.

In that case, making a larger video call sometimes is quite difficult. That is why Zoom gained such a popularity. In the case of Zoom, you do not need to be a registered member of the platform to get into an online meeting. Everything feels a bit more formal than necessary though.

What if you just want to meet your friends just to hang out? What if you do not want to be limited by the 40 minutes imposed by Zoom for free accounts? You can do it with Facebook now.

The new update to Facebook brings an extra flexible video call function to Facebook’s already robust Messenger. They call it Messenger Rooms, because it sort of is like a virtual room. It also means that you do not need to be on Facebook to join in the Messenger call or video conference. A lot of us are on Facebook already anyway, so this makes plenty of sense now.

Source: Facebook

The biggest concern to this type of video calling now is security. Facebook anticipated that and made sure that the app is airtight in security. As an admin you can ensure that you can keep your Room private and secure from unknown joiners or spammers.

On top of that, Facebook is introducing their Live With feature. This is a clever live broadcasting tool for you to go on Facebook Live videos without getting your guests leaving their homes. It makes managing a livestream more straightforward than what it is currently. Those who does live videos know the pain of setting up two or three different apps to be running at the same time, making sure that the audio feeds properly and what not. Facebook Live With eliminates all that.

Source: Facebook

Of course, Facebook will be updating WhatsApp alongside Facebook Messenger. You can already make video calls with three other friends through your smartphone app. Now though you can create a video call to include up to eight people.

Back on Facebook Messenger, within the Room you have all the features of the usual video call that you might have with your friends personally too. You get all the sorts of fun filters that you are used to in the normal messenger video call. At the same time, your friends do not even have to be on Facebook to enjoy their time with you.

I you want to know more about Facebook’s new Messenger Room and their latest update, you can head down to their Newsroom. If you are reading this and have not seen the Messenger Room function appear yet, Facebook says that they are releasing it by stages in different countries and regions. That means it will get to you, just be patient.

Source: Facebook Newsroom

Android, iOS, Mobile, News

Video Calling on Telegram App; Finally, but Not Yet

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Web conferencing is all the rage these days. With extended quarantine period at this difficult time, everyone is craving for some form of human interaction after days of being alone at home. Thankfully, technology has our backs.

We can do plenty more than just making calls and sending text messages these days. You still can hang out with your friends in private text groups in WhatsApp or even Telegram. But you can do more than just group texts these days with smartphones.

The power of the internet has frown exponentially over the years. As technology progresses, the demand for data increases and that is how we get to the 5G data technology today. The power of high-speed internet also made it possible for us to connect with other people around the globe like never before. Yes, we are talking about video calling.

On Apple’s exclusive FaceTime app, you can do a video call with more than 10 people at one time. Sometimes you do not need to have that many people on one call, but it is nice to know you can. On the world popular Zoom app, you can do it with up to 100 people for free, at a limited time of course. You can even do a video call with four people at a time using WhatsApp.

There is one very popular chat app that we have been using that does not have the video call function just yet though. That app is Telegram.

We like Telegram for several reasons. You do not need to work with elaborate processes to get your messages saved from one device to another. It works on multiple devices at one time too, so you do not have to stick to only one device at a time. But we cannot do video calls with the app, bummer.

If you are a Telegram user, you might not have to be too bummed out for long though. Telegram is looking to be bringing their long awaited and highly requested video calling function in 2020. There are no mentions yet on when we will start seeing the function on our smartphones though, soon we hope.

Still, Telegram is more than just an alternative text messenger app. It has developed and reinvented itself multiple times to be a lot more than just a texting platform. To know more about Telegram and its development, you can check out their blog.

Source: Telegram Blog

Android, Health, iOS, Mobile, News

[COVID-19] Australia is Next in Launching COVID-19 Contact Tracing App

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About two weeks ago, a certain Cupertino based firm and a Mountain View tech giant decided to team up to create something that the world really needs. Apple and Google have decided that they are collaborating to create a framework for contact tracing apps. Singapore responded soon after with a contact tracing app that they are distributing in their own region, ‘TraceTogether’ they call it.

Source: ABC Australia

Following that is Australia, launching their own COVIDSafe app on the Google Play Store and Apple App Store. The app is based on Singapore’s TraceTogether app, which is fundamentally is a voluntary app for users. Basically, the app will allow your device to communicate with other smartphone devices within a certain radius, a sort of “digital handshake”.

It uses your device’s Bluetooth data to trace proximity with another person. Once that is established, the app cross checks your contact list and its own servers to identify infected persons. The app will then notify users if they have been in contact with an infected person for longer than 15 minutes.

There are some security concerns over this of course. You are allowing your smartphone to share its contact information with a server and another device via Bluetooth, which is less than ideal. Still, it will only share these data when you allow the app to do so. The app will also ask for your consent to share your data if you are an infected person or if you have been infected. There are also concerns about more data being shared out with external parties and governments.

Department of Health (Australia)

The Australian government have dismissed that claims and assured its people that the app, though public and open in nature, is secure and save. Any technology that could help with the fight against COVID-19 is a welcome addition after all.

Germany is on a different approach to contact tracing though. Like Google and Apple’s approach to contact tracing, they are prioritising a little bit more privacy. Instead of storing data in a centralised sever, the app will store data only on its devices. We have not seen any implementations on that just yet though, including Google and Apple’s attempt. We should see it soon, and we are quite excited.

For now, we can only wait and see if the app helps or not. Although, in the case of Malaysia, the Movement Control Order has helped with the local efforts in the fight against the virus. Do we still need the app then? What do you think? Let us know in the comments section.

Source: Department of Health (Australia), Engadget

PR Newswire

Tencent’s VooV Meeting now available in Malaysia, offering HD cloud conferencing services for enterprises

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  • Asiasoft Malaysia, China Construction Bank Malaysia and Green Packet Berhad are among the first in Malaysia to integrate VooV Meeting into their business routine to maintain seamless communications and collaboration with partners during the coronavirus pandemic
  • VooV Meeting provides extensive network across the globe with exceptional system stability especially in China like nobody else does
  • Integrated with WeChat’s ecosystem, VooV Meeting allows users to join meetings through WeChat’s mini program or direct dialing without the need to install the app

KUALA LUMPUR, Malaysia, April 27, 2020 /PRNewswire/ — To meet the growing demand for remote office and multi-country conferencing, Tencent Cloud, the cloud computing arm of Tencent, today introduces its cloud conferencing tool, VooV Meeting, in Malaysia, offering a high-definition, ultra-smooth and secure multi-person cloud conferencing solution. Enterprises can now seamlessly connect with their colleagues and business partners all over the world with VooV Meeting’s extensive network and stability. Furthermore, during the novel coronavirus outbreak, Tencent Cloud will provide global users with special complimentary access to VooV Meeting’s feature that connects up to 300 participants simultaneously.

Asiasoft Malaysia, China Construction Bank Malaysia (CCB Malaysia), and Green Packet Berhad (Green Packet), were among the first in the country to experience the use of VooV Meeting in order to maintain seamless communications and collaboration within their businesses as well as with external partners amid the recent coronavirus pandemic. Tencent also recently partnered with the United Nations for its 75th anniversary campaign, where VooV Meeting will be used in facilitating the largest global dialogue to date.

All these demonstrate the tool’s capability to offer smooth, stable and reliable cloud-based HD conferencing services for different business occasions.

“We are glad to gain the trust of these Malaysia partners in using our services for their business communications. Built on Tencent Cloud’s cutting-edge technology and Tencent’s experience in the internet, audio and video communications fields in the past 21 years, VooV Meeting can provide exceptional stable coverage globally, outperforming other industry players.” said Poshu Yeung, Vice President of Tencent International Business Group. “Meanwhile, ‘Value for Users, Tech for Good’ is Tencent’s guiding principle, and we strive to incorporate social responsibility into our products and services. By providing complimentary access to VooV Meeting and donating medical resources including masks to Malaysia, we hope to maximize our support to Malaysian enterprises and citizens amid the country’s movement control order.”

VooV Meeting is equipped with a number of practical and convenient features to help users improve efficiency for online conferences, including the integration with WeChat’s ecosystem which allows users to share meeting links through WeChat and to join meetings via WeChat’s mini program without the need to download any applications. It also has facial beautification and blurred background functions, screen-sharing with automated watermark and the use of HD image and high-fidelity processing algorithms to enhance video quality and minimize ambient noise and keyboard sounds, among other features.

Mr. Felix Feng, CEO of CCB Malaysia said, “We proposed the use of VooV meeting in CCB Malaysia as soon as the outbreak of COVID-19 began, as it underpins the good connection among cross-functionality teams, ensuring a smooth and collaborative work. More importantly, CCB Malaysia leverages VooV Meeting as a powerful tool to coordinate large sums of charity efforts, bringing up medical supplies and other trade in need to Malaysia over this challenging period.”

Mr. Joel Wong, VP of Customer Experience and Enterprise Agility from Green Packet commented “Since our government has issued the Movement Control Order as a COVID-19 pandemic countermeasure, the entire company has begun to work from home. To maintain business continuity and productivity, we have selected Tencent’s VooV Meeting app as our primary communications platform that enables us to maintain close communications and collaboration across our global offices and business partners. We find Tencent’s VooV Meeting app to be an extremely effective platform for communications and collaboration because of its ease of use, its extraordinary audio and video performance, and most importantly, its fundamental platform stability and security.”

Mr. Wong Jiann Hui,  technical director of Asiasoft Malaysia, said, “We adopt VooV meeting as our main tele-conferencing tool amid the pandemic as it could maintain quite a good connection even with a bad network. On top of that, features such as background blurring and AI makeup, among others, really fit well in a work-from-home setting, emphasizing a strong internet mindset in its product design.”

The underlying technology architecture of VooV Meeting is backed by the secure and reliable Tencent Cloud, which has multiple layers of protection in terms of business data, management protocols, network equipment and access policy. Tencent Cloud also recently acquired the Multi-Tier Cloud Security Standard (MTCS SS), proving its capability to provide the highest level of security to enterprise cloud users in Malaysia, Asia and around the world.  

Learn more about the features of VooV Meeting and download the desktop version at https://voovmeeting.com/.

Download the iOS or Android versions of VooV Meeting here
Download the iOS or Android versions of VooV Meeting here

Photo – https://photos.prnasia.com/prnh/20200427/2786927-1?lang=0

PR Newswire

Pasternack Introduces New Double Ridge Waveguide Electromechanical Relay Switches

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IRVINE, California, April 27, 2020 /PRNewswire/ — Pasternack, an Infinite Electronics brand and a leading provider of RF, microwave and millimeter wave products, has just launched a new series of Double Ridge Waveguide Electromechanical Relay Switches which perform over broader frequency bands, making them ideal for applications involved with electronic warfare, electronic countermeasures, microwave radio, VSAT, radar, test instrumentation, and research and development. 

Double-Ridge-Waveguide-Electromechanical-Switches-SQ
Double-Ridge-Waveguide-Electromechanical-Switches-SQ

This comprehensive selection of 12 new double ridge waveguide electromechanical switch models are now available featuring broadband multi-octave frequency coverage spanning 6.5 GHz to 40 GHz in SPDT and optional DPDT configurations. Designs support WRD-650, WRD-750 and WRD-180 waveguide sizes. Impressive typical performance includes 2.5 dB insertion loss, 80 dB isolation and up to 8.5kW power handling capability. Desirable features include latching self-cut-off actuators, TTL logic, position indicators with manual override, and patented motor drive with arc suppression.  These fully weatherized rugged mil-grade packages are designed for 100% humidity exposure across a -40°C to +85°C operating temperatures and support an environmentally-sealed quick-connect DC-control connector with mate.

“Having a comprehensive selection of broader-band, double ridge waveguide electromechanical switch designs in-stock and ready for immediate shipment is critical for RF designers who need only one module for an urgent proof-of-concept or prototype application and can’t afford to wait for several months. Typically, other suppliers require a 16 -20+ week lead time and minimum order quantities (MOQs) for these types of products,” said Tim Galla, Product Line Manager.

Pasternack’s new double ridge waveguide electromechanical relay switches are in-stock and available to ship today.

For inquiries, Pasternack can be contacted at +1-949-261-1920.

About Pasternack:
A leader in RF products since 1972, Pasternack is an ISO 9001:2015 certified manufacturer and supplier offering the industry’s largest selection of active and passive RF, microwave and millimeter wave products available for same-day shipping. Pasternack is an Infinite Electronics brand.

About Infinite Electronics:
Based in Irvine, Calif., Infinite Electronics offers a broad range of components, assemblies and wired/wireless connectivity solutions, serving the aerospace/defense, industrial, government, consumer electronics, instrumentation, medical and telecommunications markets. Infinite’s brands include Pasternack, Fairview Microwave, L-com, MilesTek, Aiconics, KP Performance Antennas, PolyPhaser, Transtector, RadioWaves, ShowMe Cables, Integra Optics and INC Installs. Infinite Electronics serves a global engineering customer base with deep technical expertise and support, with one of the broadest inventories of products available for immediate shipment.

Press Contact:
Peter McNeil 
Pasternack 
17792 Fitch 
Irvine, CA 92614 
(978) 682-6936  

Photo – https://techent.tv/wp-content/uploads/2020/04/pasternack-introduces-new-double-ridge-waveguide-electromechanical-relay-switches-1.jpg
Logo – https://techent.tv/wp-content/uploads/2020/04/pasternack-introduces-new-double-ridge-waveguide-electromechanical-relay-switches.jpg

PR Newswire

Pasternack Releases New Line of Waveguide Shorts and Shims in WR-430 to WR-10 Waveguide Sizes

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IRVINE, California, April 27, 2020 /PRNewswire/ — Pasternack, an Infinite Electronics brand and a leading provider of RF, microwave and millimeter wave products, has just released a new line of waveguide shorts and shims that are ideal for use in satellite communication, radar, wireless communication, and test and instrumentation applications.

Waveguide-Shorts-and-Shims-SQ
Waveguide-Shorts-and-Shims-SQ

Pasternack’s new line of waveguide shorts and shims consists of 36 models available in waveguide sizes ranging from WR-430 to WR-10. This new line provides superior RF performance and is ideal for use in RF test and measurement applications. Waveguide shims are mainly used to bridge gaps between waveguide components. Waveguide shims, shorts, or shorting plates are used in calibration applications and commonly included in calibration kits.

Pasternack’s waveguide shims and shorts are both available with square and round UG cover and CPR style flanges in both copper and aluminum versions.

“With this new, comprehensive line of waveguide shorts and shims we’re able to fulfill the engineer’s immediate needs by offering many high-quality options to address the wide range of waveguide applications. By providing quick turnaround with same-day shipping, we are able to support our customers without delay,” said Steven Pong, Product Line Manager at Pasternack.

Pasternack’s new waveguide shims and shorts are in-stock and available for immediate shipping with no minimum order quantity required. 

For inquiries, Pasternack can be contacted at +1-949-261-1920.

About Pasternack:
A leader in RF products since 1972, Pasternack is an ISO 9001:2015 certified manufacturer and supplier offering the industry’s largest selection of active and passive RF, microwave and millimeter wave products available for same-day shipping. Pasternack is an Infinite Electronics brand.

About Infinite Electronics:
Based in Irvine, Calif., Infinite Electronics offers a broad range of components, assemblies and wired/wireless connectivity solutions, serving the aerospace/defense, industrial, government, consumer electronics, instrumentation, medical and telecommunications markets. Infinite’s brands include Pasternack, Fairview Microwave, L-com, MilesTek, Aiconics, KP Performance Antennas, PolyPhaser, Transtector, RadioWaves, ShowMe Cables and Integra Optics. Infinite Electronics serves a global engineering customer base with deep technical expertise and support, with one of the broadest inventories of products available for immediate shipment.

Press Contact:
Peter McNeil 
Pasternack 
17792 Fitch 
Irvine, CA 92614 
(978) 682-6936

Photo – https://techent.tv/wp-content/uploads/2020/04/pasternack-releases-new-line-of-waveguide-shorts-and-shims-in-wr-430-to-wr-10-waveguide-sizes-1.jpg
Logo – https://techent.tv/wp-content/uploads/2020/04/pasternack-releases-new-line-of-waveguide-shorts-and-shims-in-wr-430-to-wr-10-waveguide-sizes.jpg  

PR Newswire

P&G innovate cooperation model in e-commerce livestream

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BEIJING and HANGZHOU, China, April 26, 2020 /PRNewswire/ — Procter & Gamble (P&G) presents exclusive livestream “VVIP2.0” with top e-commerce livestream KOL Viya. The livestream features interaction with P&G executives, guest appearances by celebrity Zhou Shen, and product demonstration by the P&G scientists that shows how new products could be developed, which successfully drive sales.

In April 2019, with its diversified brand power, rich products and extraordinary product quality, P&G positioned itself ahead of the pack as the leading enterprise to enter a strategic partnership with top Taobao livestream KOL Viya, signing on her as P&G Global Hot Products Promoter. On the livestreaming day, Viya was awarded the “Social Marketing Special Contribution Award” by the China Advertising Association for her role model in the e-commerce livestreaming industry.

Livestream2.0 is not just about driving sales, but represents an upgrade in new product incubation and branding. Last year, P&G brands including Pantene and Whisper chose to launch key new products via livestreaming, with great success. This “VVIP2.0” exclusive livestream also features a number of new products launches, creating much excitement among viewers. As collaboration between brands and livestream KOLs push beyond driving sales into co-creation of content, significant new opportunities will open up outside the livestreaming room. 

This partnership between P&G and Viya is not just delighting consumers with compelling content, but breaks new ground for brand-influencer relationship in e-commerce livestreaming. Only by embracing new technologies while using data analysis and expanding social platforms, P&G could develop more innovative marketing and cooperation models.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/pg-innovate-cooperation-model-in-e-commerce-livestream-301047241.html

PR Newswire

Huntkey Develops Car Air Purifiers for Global Markets

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SHENZHEN, China, April 26, 2020 /PRNewswire/ — Huntkey, a leading global provider of power solutions, is developing and testing its car air purifiers for global markets after its successful launch in China. The car air purifier is portable and small as a water cup that is well-suited for cars, and most importantly, it features photocatalyst filters to efficiently enhance its purification ability.

Huntkey Car Air Purifiers:
https://en.huntkey.com/products/air-purifiers/

Photocatalyst is a catalyst that is can energized by ultraviolet (UV) light then to make it easier for a chemical reaction more likely to happen, in a photocatalytic air purifier, it is typically a substance called titanium dioxide. By this means, a photocatalyst air purifier is able to clean air by decomposing airborne hazards instead of absorbing them, and this is a key difference between photocatalyst air purifiers and the ordinary ones.

In the Huntkey’s car air purifier, the photocatalyst uniformly adheres to a substrate forming a film that lots of photocatalyst particulars are exposed to the surface and they can perform efficiently, which is called the photocatalyst filters. Activated by UV light, the photocatalyst filters will decompose at least 99% of the viruses, bacteria and volatile substances from smells into carbon dioxide and water, resulting in no secondary pollution that is usually caused by means of absorbing in many ordinary air purifiers.

However, photocatalyst can’t solve the problem of some particulates, like dust and smoke. To ensure high purifying effect, the car air purifier combines photocatalyst filters with a HEPA filter to form a comprehensive and strong system that is able to remove a whole range of air pollutants. It features two air inlets near the bottom, HEPA and photocatalyst filters, as well as an ultraviolet lamp in the middle, and one air outlet on the top. The polluted air firstly will be pre-filtrated by the HEPA filter to remove particles, and than sterilized by the photocatalyst filters to kill viruses and bacteria, finally fresh air will come out from the outlet.

In the car air purifier, the photocatalyst filters are built-in parts that don’t need to be replaced or renewed regularly since they are non-consumable, while the HEPA filter is detachable that it is packed independently. One car charger and micro USB cable are also included in the package. To meet different preferences, three color options – red, golden and grey for the air purifier will be available.

For more information, please visit: http://en.huntkey.com/  

About Huntkey

Huntkey Enterprise Group, founded in 1995 and headquartered in Shenzhen, is a member of The International Power Supply Manufacturer’s Association (PSMA) and a member of The China Power Supply Society (CPSS). With branch companies in the USA, Japan and other areas, and cooperating factories in Brazil, Argentina, India and other countries, Huntkey has specialized in the development, design, and manufacturing of PC power supplies, industrial power supplies, surge protectors, adapters and chargers for many years. With its own technologies and manufacturing strength, Huntkey has served Lenovo, Haier, DELL, Bestbuy and many other large enterprises for years, and has received unanimous recognition and trust from most of the customers.

Cision View original content:http://www.prnewswire.com/news-releases/huntkey-develops-car-air-purifiers-for-global-markets-301047227.html

PR Newswire

Golden Bull Limited Extended The 2019 Annual Report Date, Appointed Directors and Executive, Received New Second Bid Price Compliance Period

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BEIJING, April 25, 2020 /PRNewswire/ — Golden Bull Limited (the “Company”) (Nasdaq: DNJR) is filing this Report on Form 6-K pursuant to an order under Section 36 of the Securities Exchange Act of 1934 modifying exemptions from the reporting and proxy delivery requirements for public companies (SEC Release No.34-88465 / March 25, 2020). The outbreak of the COVID-19 pandemic in mainland China greatly affected our operations and the preparation for and the actual audit of our financial statements for the year ended December 31, 2019. Commencing with the outbreak in December, it was difficult for our employees to resume work at our corporate office in Shanghai. All of our employees were asked to work from home. Some of our employees began to return to work in our office in early March. The preparation of audit materials was significantly delayed. Our auditors were initially scheduled to perform an 11-day field work starting on March 2, 2020. However, due to the delay of preparing audit materials and travel restrictions in Beijing and Shanghai, field work was delayed and rescheduled. The Company estimates that it will be able to file its Annual Report on Form 20-F on or before June 14, 2020.

Risk Factors

We are subject to various risks due to the coronavirus which have materially and adversely affected our operations and our business and financial condition.

We believe that our results of operations, business and financial condition have been and will continue to be adversely affected by the outbreak of COVID-19 in China. While the World Health Organization declared the outbreak a “Public Health Emergency of International Concern” on January 30, 2020, our operations were adversely affected since the outbreak in China in December 2019. Substantially all of our operations, including all of our employees and customers are in China. All of our employees were asked to work at home and did not begin to return to work until early March 2020.

Our operations were adversely affected by the following risks, among others: travel restrictions on our employees, customers and vendors; shortage of automobiles to lease; assorted logistics delays; liquidity issues; business operations disruptions; and the general economic downturn in the economy as a result of quarantined persons.

While the Chinese economy is slowly recovering, the duration of any economic downturn resulting from COVID-19 is uncertain. The full extent to which COVID-19 will impact our financial results and business condition will depend on future developments which cannot be predicted.

Appointment of Officer and Directors

On April 19, 2020, the Board of Directors of the Company (the “Board”) appointed Mr. Hong Yu as an executive director and Chief Strategy Officer of the Company, effective immediately.

On April 19, 2020, the Board appointed Mr. Yan Xiong as an independent director of the Company, effective immediately.

From 1999 to 2001, Mr. Yu studied at Changzhou Technology and Normal College. In 2008, Mr. Yu founded Quyou Gaming which was one of the largest Web Gaming Platforms in China. For more than the last five years Mr. Yu has been involved in founding gaming and start-up companies. In 2013, Mr. Yu worked as Senior VP of 360 Group when Quyou Gaming was acquired by 360 Group, In 2015, Mr. Yu founded Beijing Qingyun Interactive Technology Limited. In 2018, Mr. Yu initiated KFUND a crypto fund focusing on investments opportunities in blockchain and innovation. At 3 am February 11, 2018, Mr. Yu initiated “3AM” community which is very influential in the Chinese blockchain community.

The Company and Mr. Hong Yu entered into an employment agreement (the “Yu Employment Agreement” on April 20, 2020, pursuant to which the Company agreed to pay Mr. Yu one hundred thousand dollars (US $100,000) annually for serving as the Chief Strategy Officer of the Company starting from the effective date of the Yu Employment Agreement. The Company shall also reimburse Mr. Yu for reasonable and approved expenses incurred by him in connection with the performance of his duties under the Yu Employment Agreement. The Yu Employment Agreement is for a two-year term, automatically renewable for one-year terms unless terminated by either party within three months of the end of the applicable term. The agreement is terminable for Cause (as defined) or without Cause or upon a Change of Control (as defined), provided certain severance payments are made. The Yu Employment Agreement provides for non-competition and non-solicitation periods of one-year from termination of employment for any reason.

The Company and Mr. Hong Yu also entered into a director agreement (the “Yu Director Agreement”) on April 20, 2020, pursuant to which the Company agreed to pay Mr. Yu one thousand dollars (US $1000) per quarter for serving on the Board for a one-year period ,subject to a one-year renewal, starting from the effective date of the Yu Director Agreement. The Company shall also reimburse Mr. Yu for reasonable and approved expenses incurred by him in connection with the performance of his duties under the Yu Director Agreement.

Mr. Yu has no family relationship with any of the executive officers or directors of the Company. There have been no transactions in the past two years to which the Company or any of its subsidiaries was or is to be a party, in which Mr. Yu had, or will have, a direct or indirect material interest.

On April 19, 2020, the Board of Directors of the Company (the “Board”) appointed Mr. Yan Xiong as an independent director, effective immediately.

From September 1983 to July 1987, Mr. Yan Xiong studied and graduated from Hunan University Business School with a bachelor’s degree in Industrial Accounting. From August 1987 to December 1996, Mr. Xiong worked at Import and Outport Company of Hunan Province. From 1997 to December 2000, Mr. Xiong worked as the General Manager at Zhuhai Dajiaweikang Wujin Mineral Import and Outport Company. From 2001 to October 2013, Mr. Xiong worked as chairman of the board of directors at Guangzhou Kangsheng Bio-tech Limited. From 2014 to present, Mr. Xiong works as chairman of the board of directors at Guangzhou Kangsheng Pharmaceutical Technology Limited

The Company and Mr. Yan Xiong entered into an director agreement (the ” Xiong Independent Director Agreement” on April 20, 2020, pursuant to which the Company agreed to pay Mr. Xiong one thousand dollars (US$ 1000) per quarter for serving on the Board for a one-year term , subject to a one-year renewal, starting from the effective date of the Xiong Independent Director Agreement. The Company shall also reimburse Mr. Xiong for reasonable and approved expenses incurred by him in connection with the performance of his duties under the Xiong Independent Director Agreement.

Nasdaq Tolling of Bid Price Compliance Period

The Company has been notified by Nasdaq that Nasdaq has extended until December 7, 2020 the second grace period for the Company to regain compliance with the minimum $1.00 per share bid price. As previously announced by the Company, it can regain compliance by effecting a reverse stock split , if necessary, to evidence compliance for a minimum of 10 consecutive trading days.

Cision View original content:http://www.prnewswire.com/news-releases/golden-bull-limited-extended-the-2019-annual-report-date-appointed-directors-and-executive-received-new-second-bid-price-compliance-period-301047013.html