Monthly Archives: May 2021

PR Newswire

FinVolution Group to Report First Quarter 2021 Financial Results on Tuesday, May 25, 2021

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-Earnings Call Scheduled for 8:00 a.m. ET on May 25, 2021–

SHANGHAI, May 17, 2021 — FinVolution Group ("FinVolution", or the "Company") (NYSE: FINV), a leading fintech platform in China, today announced that it will report its first quarter 2021 unaudited financial results, on Tuesday, May 25, 2021, before the open of U.S. markets.

The Company’s management will host an earnings conference call at 8:00 AM U.S. Eastern Time on May 25, 2021 (8:00 PM Beijing/Hong Kong time on May 25, 2021).

Dial-in details for the earnings conference call are as follows:

United States (toll free):

1-888-346-8982

Canada (toll free):                     

1-855-669-9657

International:

1-412-902-4272

Hong Kong, China (toll free):

800-905-945

Hong Kong, China:

852-3018-4992

Mainland China:

400-120-1203

Participants should dial-in at least 5 minutes before the scheduled start time and ask to be connected to the call for "FinVolution Group."

Additionally, a live and archived webcast of the conference call will be available on the Company’s investor relations website at  https://ir.finvgroup.com.

A replay of the conference call will be accessible approximately one hour after the conclusion of the live call until June 1, 2021, by dialing the following telephone numbers:

United States (toll free):

1-877-344-7529

Canada (toll free):

1-855-669-9658

International:

1-412-317-0088

Replay Access Code:

10156736

About FinVolution Group

FinVolution Group is a leading fintech platform in China connecting underserved individual borrowers with financial institutions. Established in 2007, the Company is a pioneer in China’s online consumer finance industry and has developed innovative technologies and has accumulated in-depth experience in the core areas of credit risk assessment, fraud detection, big data and artificial intelligence. The Company’s platform, empowered by proprietary cutting-edge technologies, features a highly automated loan transaction process, which enables a superior user experience. As of December 31, 2020, the Company had over 116.1 million cumulative registered users.

For more information, please visit https://ir.finvgroup.com.

For investor and media inquiries, please contact:

In China:
FinVolution Group
Head of Investor Relations
Jimmy Tan
Tel: +86 (21) 8030 3200-8601
E-mail: ir@xinye.com

The Piacente Group, Inc. Jenny Cai
Tel: +86 (10) 6508-0677
E-mail: finv@tpg-ir.com

In the United States:
The Piacente Group, Inc. Brandi Piacente
Tel: +1-212-481-2050
E-mail: finv@tpg-ir.com

Related Links :

https://ir.finvgroup.com

Lifestyle, Mobile, News

Clubhouse to be Available on Android Worldwide by Friday!

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Last week we saw Clubhouse finally taking the plunge into Android. The blogpost from Clubhouse themselves, dated 9th May 2021 said that they will be pushing into the Android market with a Beta app starting with their home market, the United States of America. Apart from their home market though, they said they will be pushing into other English-speaking markets in the coming weeks.

We thought that we will only get Clubhouse in two to four weeks. To be fair, while Malaysia is considered a major English-speaking nation, English is not necessarily our first language if we are being politically correct. In that case, we were guessing that nations like Singapore and probably India to get Clubhouse first before Malaysia. India mostly because of its population density and the various Android devices that the market houses as well. The large and diverse sample sizes could prove useful for the Clubhouse development team in bug testing, stress testing, and even diagnosing porting issues.

We were proven wrong though. Just a week in and Clubhouse announced that the rest of the world will be getting Clubhouse on their Android devices. According to their twitter post that is about 14 hours old, the Clubhouse version of Android will see the light of day in Japan, Brazil, and Russia by Tuesday; that is tomorrow. Nigeria and India will see the Clubhouse app by Friday morning. The rest of the world will get the app by Friday too, albeit in the afternoon. Our prediction that India might get the stuff sooner than Malaysia did sort of come true.

Clubhouse on Android, as per mentioned last week, is still in Beta stage though. There will still be some bugs on the app, and we can expect the Android app to not have all the features available to users from the iOS camp. We are expecting improvements to come over the coming months to bring the Android version of the app to what the iOS users are already familiar with though. The only function we do not expect to make it into the Android app in Malaysia at least is their payments function. That feature is also not available on Clubhouse on iOS in Malaysia too.

You can expect Clubhouse to gain traction quickly in the Android playing field too. Despite other social media giants like Twitter and Facebook launching their own Clubhouse-like features, they have not gained the traction to match Clubhouse and therefore proved unpopular among users. But of course, there is one thing that might prevent a large influx of Android users into Clubhouse though. Clubhouse remains an invite-only platform. For you to start an account with Clubhouse and join conversations, you must have an invite from your friends already on the platform.

There are also issues and controversies raised surrounding the app itself too. There are issues concerning its security and privacy at some point. The app has also been criticized for not being friendly to the hearing-impaired community. The app is still quite young though; it is barely a year old, to be fair. There is still plenty to improve on at this point. Currently, the app has focused a little more on creators with plans to fund over 50 audio shows on Clubhouse as part of an accelerator program. They are also planning to introduce in-room tipping for creators, paid events, and even subscriptions into Clubhouse soon. Live podcasting from us anyone?

PR Newswire

LG Display Brings Next-Generation OLED Solutions to SID 2021

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SEOUL, South Korea, May 16, 2021 — LG Display, the world’s leading innovator of display technologies, announced today that it will showcase its differentiated OLED products at the ‘SID (Society for Information Display) 2021’ exhibition to be held online between the 17th and 21st of May.

LG Display Brings Next-Generation OLED Solutions to SID 2021
LG Display Brings Next-Generation OLED Solutions to SID 2021

As the world’s largest display conference, SID invites leading display companies and academia to gather under one virtual roof to present the latest technologies, products and research on the global stage.

Under the theme of ‘Lead New Opportunity with OLED Technology,’ LG Display will open its virtual showroom with three distinct zones: OLED, New Value Creation, and Automotive Display, where the company will deliver the special values and experiences made possible by its leading OLED technology.

The OLED Zone boasts the technical superiority of OLED such as the company’s 83-inch next-generation OLED TV panel. With a much improved luminous efficiency by more than 20%, the gigantic panel improves its brightness and maximizes the expression of color and contrast to produce more vivid, more natural picture quality.

The New Value Creation Zone will demonstrate OLED’s ability to create new and innovative values, through products that can only be implemented by its OLED technology, like its CSO (Cinematic Sound OLED), Bendable, Rollable and Transparent OLED panels as well as OLED On Silicon (OLEDoS) technology that has been engineered with the flourishing AR trend in mind. The OLEDoS is an innovative next-generation display made by applying OLED on top of silicon wafers used to make semiconductors, and boasts the ability to achieve ultra-high resolution and brightness despite its light weight.

The 48-inch Bendable Cinematic Sound OLED, a screen that produces sound without separate speakers, maximizes visual immersion and vivid realism to complete the perfect gaming experience for avid players. The ‘0.42-inch OLEDoS for AR’ boasts the highest resolution and brightness among all existing AR displays to provide the optimal display for a growing number of AR devices.

In the Automotive Display Zone, LG Display will exhibit an array of products that visualize the future of automotive displays with its P-OLED technology. These cutting-edge products include a 12.8-inch Rollable display and an ultra-large automotive display that combines four displays into one T-form shape. This pioneering 4-in-1 display represents the most advanced automotive display technology by maximizing the advantages of P-OLED to achieve unmatched image quality and innovative design.

Moreover, SID awarded LG Display’s innovative 65-inch Rollable OLED TV with the Display of the Year award this year, once again acknowledging the company’ outstanding OLED technology.

OLED technology makes paper-thin panels and various designs such as rollable concepts possible thanks to its self-emitting nature that does not require a backlight unit. Moreover, by combining OLED with ultra-thin glass able to be rolled up and down countless times without breaking despite its slimness, the 65-inch Rollable OLED TV achieves a new state-of-the-art design that can fold into an elegant base without compromising unmatched picture quality.

"We are more dedicated than ever to creating differentiated values that are only attainable through our industry-leading OLED technology. With our unrivaled research and development that drives the future of displays, we aim to steer the display market in the best possible direction as we lead OLED into the mainstream." said Yoon Soo-young, CTO of LG Display.

About LG Display

LG Display Co., Ltd. [NYSE: LPL, KRX: 034220] is the world’s leading innovator of display technologies, including thin-film transistor liquid crystal and OLED displays. The company manufactures display panels in a broad range of sizes and specifications primarily for use in TVs, notebook computers, desktop monitors, and various other applications, including tablets and mobile devices. LG Display currently operates manufacturing facilities in Korea and China, and back-end assembly facilities in Korea, China, and Vietnam. The company has approximately 63,360 employees operating worldwide. For more news and information about LG Display, please visit www.lgdisplay.com.

Media Contact:

Jean Lee, Senior Manager, Global Communications
Tel: +822-3777-1689
Email: jean.lee@lgdisplay.com

Related Links :

http://www.lgdisplay.com

PR Newswire

Pre-Orders of GIGABYTE Laptops Set Unprecedented Records Fueled by Tiger Lake processors Hype

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TAIPEI, May 17, 2021 — GIGABYTE recently announced the latest spin on its high-performance laptops, complete with Intel’s 11th-gen Tiger Lake-H processors and RTX 30 series graphics cards. With powerful new-gen CPUs and top-tier components inside, the latest GIGABYTE laptops are designed to deliver desktop-caliber performance and visuals for both work and play. These new offerings have drawn heightened interest since launch and have vastly surpassed the previous pre-order records set by the RTX 30 series laptops.

Pre-Orders of GIGABYTE Laptops Set Unprecedented Records Fueled by Tiger Lake processors Hype
Pre-Orders of GIGABYTE Laptops Set Unprecedented Records Fueled by Tiger Lake processors Hype

The latest iteration of GIGABYTE AORUS gaming laptops and AERO creator laptops use the brand new H series processors based on Intel’s 10nm SuperFin manufacturing process. Thanks to the advanced architecture, the new-gen CPUs outperform the predecessor by more than 20% on a similar platform, offering incredible desktop-caliber performance on the go. Pairing that with the full-power RTX 30 series graphics cards on the AORUS gaming laptops turbocharges gaming performance to the next level.

Geared towards content creators, AERO series laptops that pack tremendous power with the new-gen CPUs are also the rare few that feature 4K OLED display technology. Not only do these specialty laptops provide stellar contrast and best-in-class color gamut, every OLED screen on these AERO series laptops is also Pantone certified and color-calibrated at the factory, promising extra-brilliant colors with real-life accuracy for traveling content creators or design professionals.

GIGABYTE once again puts performance above all on this update with the new Tiger Lake series laptops, bringing incredible performance for both work and play. For more information, please visit: https://www.aorus.com/laptops/gaming/

PR Newswire

Cheetah Mobile Inc. Files Its Annual Report on Form 20-F

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BEIJING, May 15, 2021 — Cheetah Mobile Inc. (NYSE: CMCM) ("Cheetah Mobile" or the "Company"), a leading internet company, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2020 with the Securities and Exchange Commission on May 15, 2021.

The annual report can be accessed on the Company’s investor relations website at http://ir.cmcm.com or the SEC’s website at www.sec.gov.

About Cheetah Mobile Inc.

Cheetah Mobile is a leading internet company. It has attracted hundreds of millions of monthly active users through an array of internet products such as Clean Master, Security Master and several casual games. The Company provides advertising services to advertisers worldwide as well as value-added services including the sale of premium membership and in-app virtual items to its users. Cheetah Mobile is also committed to leveraging its cutting-edge artificial intelligence technologies to power its products and make the world smarter. It has been listed on the New York Stock Exchange since May 2014.

Investor Relations Contact
Cheetah Mobile Inc.
Sheryl Zhang
Tel: +86 10 6292 7779
Email: IR@cmcm.com

 

Related Links :

https://www.cmcm.com/

PR Newswire

Clubessential Holdings Announces Acquisition of Exerp, ApS

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Acquisition of Europe-based Exerp positions Clubessential Holdings, a Battery Ventures-backed investment, as clear global leader in SaaS membership solutions for enterprise fitness operators

CINCINNATI, May 15, 2021 — Clubessential Holdings, the leading provider of enterprise-membership and club-management software solutions to the private- and public-clubs, college-athletic, health and fitness, and parks and recreation markets, today announced the strategic acquisition of Exerp, the market leader in member-management systems for enterprise-fitness operators. Already a major provider of membership- and club-management SaaS solutions for boutique fitness franchisors, under its ClubReady brand, this acquisition expands Clubessential Holdings’ international presence to serving over 6,000 fitness clubs, and 7 million members, in 17 countries.

Exerp, headquartered in Copenhagen, Denmark, specializes in providing enterprise-class membership-management software systems to large, global fitness brands, including Lifetime Fitness, SATS, Virgin Active and PureGym. 40% of the biggest fitness operators in Europe run on Exerp. The Exerp platform acts as the centralized information source and member database for payment collection, bookings reporting, business analytics and customer-relations management. It has been developed over more than 15 years in partnership with their clients and integrates a wealth of best practices from the fitness and leisure industry.

"For the past 15 years, the Exerp team has been on a mission to make the world healthier and happier by shaping the fitness industry," said Rémi Nodet, CEO & CTO, Exerp. "Our goal is to be the trusted partner helping leading health club operators enable their digital transformation. We’re very excited to have found a business partner in Clubessential Holdings that shares our vision and commitment to exceptional customer service and will help accelerate our growth around the world."

For five years, Clubessential Holdings has developed a portfolio of companies, including ClubReady, Vermont Systems, PrestoSports, foreUP and Clubessential, offering a variety of forward-thinking technology and services which help more than 10,000 customers attract members, build loyalty, enhance operational efficiency, and deliver remarkable experiences. The acquisition of Exerp, in partnership with sister company ClubReady, positions Clubessential Holdings to serve over 6,000 fitness clubs globally.

"We’re thrilled to welcome Rémi, the Exerp team and their many outstanding fitness brands to Clubessential Holdings," said Randy Eckels, CEO. "Easy access to health & fitness resources, in the palm of your hand, has never been more important to gym members than it is today. We look forward to helping Exerp expand its central position as the enterprise platform of choice for assisting leading global fitness brands in their digital transformation initiatives."

Clubessential Holdings, LLC

Clubessential Holdings is a Battery Ventures company, fulfilling its global mission of investing in and creating cutting-edge, category-defining businesses by providing a full suite of membership and club management Software as a Service solutions to private clubs, public golf courses, health & fitness clubs, military organizations, municipalities, and college athletic programs. Across five brands – Clubessential, foreUP, ClubReady, PrestoSports, and Vermont Systems – the company offers a variety of forward-thinking technology and services which help more than 10,000 customers attract, engage, and retain club and community members and fans for life. For more information, visit the Clubessential Holdings website.

Exerp

Exerp, a Danish company founded in 2003, is an enterprise-level club-management software developer and servicer for the health and fitness Industry where it has specialised in solutions to meet the scalability, governance, and automation requirements of large, multi-site gym operators. Exerp’s business platform is built around a highly configurable back-end, offering unmatched flexibility as well as functional breadth to serve more than 6 million members at many of the largest operators in North America, EMEA and Australia. The Exerp platform offers a full-fledged API for seamless differentiation on top of a functional palette with more than 50 standard modules within subscription and price management, finance and billing, activity and resource bookings, communications, online services, DWH & BI, and branded member and staff mobile apps. Exerp’s software is supplied as a service, delivered and constantly optimised by an international team of data, application and implementation consultants. For more information, please visit www.exerp.com

Battery Ventures

Battery partners with exceptional founders and management teams developing category-defining businesses in markets including software and services, enterprise infrastructure, online marketplaces, healthcare IT and industrial technology. Founded in 1983, the firm backs companies at all stages, ranging from seed and early to growth and buyout, and invests globally from six strategic locations: Boston; San Francisco and Menlo Park, Calif.; Herzliya, Israel; London; and New York. Follow the firm on Twitter @BatteryVentures, visit our website at www.battery.com and find a full list of Battery’s portfolio companies here.

CONTACT:

Marilyn Cox
Vice President of Marketing
Clubessential Holdings, LLC
513.322.4194
mcox@clubessential.com

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PR Newswire

Circle and FTX Announce Global Partnership

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World’s Fastest Growing Crypto Exchange Adopts Circle Platform for Payments and USDC Infrastructure, Including Seamless Card Payments Experiences on FTX.com and Blockfolio

BOSTON, May 15, 2021 — Circle, a global financial technology firm that provides payments and treasury infrastructure for internet businesses, today announced it has entered into a global partnership with FTX, the world’s fastest growing crypto exchange.

Under terms of the partnership, FTX has integrated Circle APIs and launched USD Coin (USDC) payments support across its FTX and Blockfolio services. Building on Circle API Services allows FTX to tightly control their customer experience while enabling payments and payout rails through ACH, international wire transfers and credit and debit cards.

FTX and Blockfolio customers can now fund their dollar balances with instant access for trading using credit and debit cards in nearly 200 countries, with funds instantly settling in USDC. With seamless ‘fiat-to-USDC’ experiences, customers can also easily transfer USDC on Ethereum, but also on Solana, a rapidly growing 3rd generation blockchain, enabling on-chain USDC transactions in seconds with no transaction cost.

"Circle has been a pioneer in making fiat work on blockchains for nearly eight years and has built deep capabilities to ease payments in crypto," said Sam Bankman-Fried, Co-Founder CEO of FTX. "Circle is moving with incredible speed. FTX is one of the fastest growing crypto exchanges in the world. With Circle, we’ve found a very strong partner to build with."

"FTX continues to impress the world with blazing fast execution and innovation, making it among the most formidable companies in the global crypto ecosystem," said Jeremy Allaire, CEO and Co-Founder of Circle. "With our latest collaboration, we’re continuing to pioneer customer experience for payments and crypto trading, and we are thrilled to continue to build together with Sam and the FTX team."

USDC has continued to experience tremendous growth, becoming the fastest-growing regulated dollar digital currency in the world. USDC in circulation has grown from just over 400 million in early 2020 to over 15 billion today. USDC adoption has expanded across trading, payments, savings, lending and other use cases in blockchain finance. Today, thousands of companies in the blockchain ecosystem have integrated support for USDC in their products and services.

About Circle
Circle is a global financial technology firm that enables businesses of all sizes to harness the power of stablecoins and public blockchains for payments, commerce and financial applications worldwide. Circle’s platform has supported more than 100 million transactions by more than 10 million retail customers and more than 1,000 businesses. Circle is also a principal developer of USD Coin (USDC), which together with Coinbase and the Centre Consortium oversees the standards and protocol for what has become the fastest growing, regulated, fully reserved dollar digital currency. USDC now stands at more than $15 billion and has supported over $500B in transactions over the past year. Today, Circle’s transactional services, business accounts, and platform APIs are giving rise to a new generation of financial services and commerce applications that hold the promise of raising global economic prosperity for all through programmable internet commerce. Learn more at https://circle.com

 

Related Links :

http://www.circle.com

PR Newswire

CGTN: China to prioritize conservation in its water diversion project

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BEIJING, May 15, 2021 — China will press ahead with the world’s largest water diversion project and prioritize water conservation in the process.

 

As the country pursues green and high-quality development, efforts should be made to advance the South-to-North Water Diversion Project in a scientific manner and promote the effective and economical use of water resources, Chinese President Xi Jinping said Friday.

Xi made the remarks at a symposium on advancing the high-quality follow-up development of the project in Nanyang, central China’s Henan Province, following an inspection tour that began on Wednesday.

He called for safeguarding ecological security and promoting balanced spatial distribution of water resources in the country.

3,000 West Lakes, 120 million people

The South-to-North Water Diversion Project links the Yangtze River, the Huaihe River, the Yellow River and the Haihe River. It is aimed at providing a permanent solution to the water shortage in northern China by diverting water from the country’s water-rich southern regions.

The grand project consists of three routes, among which the first phase the eastern and middle routes went into operation in 2013 and 2014 respectively. The western route is still at a pre-construction stage.

As of early April, the project had transferred 41.8 billion cubic meters of water to the northern areas, which was equivalent to the water volume of nearly 3,000 West Lakes – a renowned scenic area in Hangzhou in east China’s Zhejiang Province. More than 120 million people had directly benefited from the project.

Xi’s inspection tour and the symposium came at a time when China gears up for planning and implementing the next stage of the project. According to the Outline of the 14th Five-Year Plan (2021-2025) for National Economic and Social Development and the Long-Range Objectives Through the Year 2035, efforts will be made to advance the follow-up development of the eastern and middle routes of the project and the appraisal of plans for the western route.

Elaborating on how to advance the project in a scientific manner, Xi called for efforts to strengthen demand and supply management, maximize overall benefits of the project, prioritize water conservation and enhance the protection of ecological environment. He also called for accelerating efforts to build a national water network and ensure national water security.

Xi hails sacrifice by resettled residents

The place where President Xi chose to convene the meeting is of great significance to the water diversion project. Located in the southwest of Henan Province bordering Hubei Province, Nanyang is the starting point of the middle route, which carries water from Danjiangkou Reservoir in central China through Henan and Hebei provinces all the way to Beijing and Tianjin in the north.

More than 40 big and medium-sized cities receive water from the project, and in Beijing, around 70 percent of the tap water is pumped in through the middle route.

More than 345,000 people living in Danjiangkou Reservoir area have moved to more than 600 government-built villages to make way for the project. Xi went to one of those villages to visit the relocated residents on Thursday.

In the village of Zouzhuang in Xichuan County, he hailed the spirit of sacrifice of the villagers and wished them a better life. The resettled residents deserve the thanks from those who benefit from the project and people across the nation, he said.

At Friday’s symposium, Xi urged authorities to work out economical plans for the next phase of the project and minimize the number of people that need to be relocated.

https://news.cgtn.com/news/2021-05-14/Xi-convenes-symposium-on-advancing-water-diversion-project-development-10g4Sd3Te5W/index.html

Related Links :

http://www.cgtn.com

PR Newswire

CGTN: True Colors Are shown in Crisis

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BEIJING, May 15, 2021 — Crises are an unavoidable part of human history. And the response to a crisis can make a difference in a country’s development.

CGTN：True colors are shown in crisis
CGTN：True colors are shown in crisis

On May 12, 2008, a major earthquake jolted Wenchuan, a county of Sichuan Province in southwest China. The government’s speed in responding then amazed the world.

About 10 minutes after the disaster hit, China’s emergency response office issued a statement on the situation from Beijing, and the People’s Liberation Army (PLA) activated its preparedness plan.

Just 21 minutes after the quake, four helicopters were dispatched to survey the damage, and 6,100 officers and soldiers from neighboring areas and over 3,000 members of the Sichuan Armed Police Force deployed to the scene.

In less than 10 hours, 20,000 troops and armed police were at the disaster sites assisting with relief work, with an additional 34,000 security officers on their way.

The speed at which a government reacts to disasters speaks to its capacity to solve problems and its resilience.

COVID-19 has provided another stern test.

In the early stages of the outbreak, Wuhan in Hubei Province was in dire need of medics and equipment. The government rushed more than 330 medical teams comprising over 40,000 healthcare workers to the city.

Nineteen provinces were corralled to provide direct assistance to other surrounding provincial communities.

At first, the lockdown of Wuhan elicited confusion and even panic.

But the government provided timely updates and addressed the challenges that came with lockdown through grassroots community actions mobilized by local authorities.

In doing so, the spread of the virus was curbed and social stability maintained.

"I have never seen, in my life, this kind of mobilization," said World Health Organization Director-General Tedros Adhanom. "China’s speed, China’s scale and China’s efficiency… is the advantage of China’s system."

Not only did the government work on measures to tame COVID-19, but it also charted a 15-year socio-economic development blueprint.

China has proved itself adept at turning crises into opportunities.

"Roots of China’s Growth" is a 10-episode series marking the centenary of the founding of the Communist Party of China (CPC), which has presided over the country’s meteoric rise as a global power. The series focuses on 10 fundamental elements of the strategy that has led to China’s transformation from an impoverished nation over the past 100 years. This article is the first in the series.

https://news.cgtn.com/news/2021-05-12/Why-China-s-leadership-model-enables-quick-solutions-10ceG1ztKrm/index.html

 

Related Links :

http://www.cgtn.com

PR Newswire

EZGO Announces Local Government Successfully Accepts Application of the State First-class E- Motorcycle Manufacturing Qualification

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CHANGZHOU, China, May 14, 2021 — EZGO Technologies Ltd. (Nasdaq: EZGO) ("EZGO" or the "Company"), a leading short-distance transportation solutions provider in China, today announced that the Administrative Examination and Approval Authority of Tianjin Wuqing District recently accepted the project application of the state first-class qualification of electric motorcycle manufacturing of EZGO.  On June 1, 2019, the Industry and Information Department of China defined regulations for "road motor vehicle products," which is required of all enterprises selling motor vehicles in China. Once the inspection is passed, the Company will receive the State First-Class Qualification of electric motorcycle manufacturing, which will ensure that all future Dilang brand electric tricycles ("E-tricycles") and electric motorcycles will be able to legally produced. Together with the new national standard E-bicycle and e-scooter, EZGO is qualified to produce all two wheel and three-wheel vehicles under the brand of Dilang. The Company expects to receive qualification status in June.

Management Commentary

Mr. Jianhui Ye, Chief Executive Officer of EZGO, stated, "We have successfully built our sales and product portfolio with a loyal customer base, and all of our existing products meet the new national standard. With the improvement of our design and production capabilities, including our industry experience and investment in manufacturing and R&D, we felt it was appropriate apply for the State First-Class Electricity Motorcycle Qualification. This will allow the Company to market its products as officially meeting all of the national standards. We believe that this will greatly improve our marketing and sales capabilities."

About EZGO Technologies Ltd.

Leveraging an Internet of Things (IoT) product and service platform and two E-bicycle brands, "Cenbird" and "Dilang," EZGO has established a business model centered on the manufacturing and sale of E-bicycles and E-bicycle rentals, complemented by the E-bicycle charging pile business. For additional information, please visit EZGO’s website at www.ezgotech.com.cn. Investors can visit the "Investor Relations" section of EZGO’s website at http://www.ezgotech.com.cn/Investor/.

Safe Harbor Statement

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may, "will, "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the ija,Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s goals and strategies; the Company’s future business development; product and service demand and acceptance; changes in technology; economic conditions; the growth of the short-distance transportation solutions market in China and the other international markets the Company plans to serve; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China and the international markets the Company plans to serve and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof.