36Kr Holdings Provides Update on its Status under the Holding Foreign Companies Accountable Act

May 7, 2022 TechENT Syndication Leave a comment

BEIJING, May 7, 2022 /PRNewswire/ — 36Kr Holdings Inc. (“36Kr” or the “Company”) (NASDAQ: KRKR), a prominent brand and pioneering platform dedicated to serving New Economy participants in China, today announced that the Company is aware that it was identified by the U.S. Securities and Exchange Commission (“SEC”) on its provisional list under the Holding Foreign Companies Accountable Act (“HFCAA”) on May 4, 2022.

This identification indicates that the SEC has determined the Company used an auditor, whose working paper cannot be inspected or investigated completely by the Public Company Accounting Oversight Board of the United States (“PCAOB”), to issue the audit opinion for the Company’s financial statements for the fiscal year ended December 31, 2021.

Under the HFCAA, the trading of a company’s securities on a U.S. stock exchange will be prohibited only if the company has been identified by the SEC for three consecutive years due to PCAOB’s inability to inspect auditor’s working paper. Despite such identification by the SEC, 36Kr’s active listing and trading status on the NASDAQ currently remains unchanged.

36Kr has been actively exploring possible solutions to protect our shareholders amid an evolving regulatory environment and mitigate the potential risks associated with the HFCAA. The Company will continue to comply with applicable laws and regulations in both China and the U.S., and strive to maintain its listing status on the NASDAQ. The Board and management team remain highly committed to protecting shareholder interests and driving value creation for the benefit of all shareholders.

About 36Kr Holdings Inc.

36Kr Holdings Inc. is a prominent brand and pioneering platform dedicated to serving New Economy participants in China with the mission of empowering New Economy participants to achieve more. The Company started its business with high-quality New Economy-focused content offerings, covering a variety of industries in China’s New Economy with diverse distribution channels. Leveraging traffic brought by high-quality content, the Company has expanded its offerings to business services, including online advertising services, enterprise value-added services and subscription services to address the evolving needs of New Economy companies and upgrading needs of traditional companies. The Company is supported by comprehensive database and strong data analytics capabilities. Through diverse service offerings and the significant brand influence, the Company is well-positioned to continuously capture the high growth potentials of China’s New Economy.

Safe Harbor Statement

This announcement contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are 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,” “potential,” “continue,” “ongoing,” “targets,” “guidance” and similar statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), 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 the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s goal and strategies; the Company’s future business development, results of operations and financial condition; relevant government policies and regulations relating to our business and industry; the Company’s expectations regarding the use of proceeds from this offering; the Company’s expectations regarding demand for, and market acceptance of, its services; the Company’s ability to maintain and enhance its brand; the Company’s ability to provide high-quality content in a timely manner to attract and retain users; the Company’s ability to retain and hire quality in-house writers and editors; the Company’s ability to maintain cooperation with third-party professional content providers; the Company’s ability to maintain relationship with third-party platforms; general economic and business conditions globally and in China; possible disruptions in commercial activities caused by natural or human-induced disasters; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

36Kr Holdings Inc.
Investor Relations
Tel: +86 (10) 5825-4188
E-mail: ir@36kr.com

The Piacente Group, Inc.
Jenny Cai
Tel: +86 (10) 6508-0677
E-mail: 36Kr@tpg-ir.com

The Piacente Group, Inc.
Brandi Piacente
Tel: +1(212) 481-2050
E-mail: 36Kr@tpg-ir.com

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Source: 36Kr Holdings Inc.

PR Newswire

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

May 7, 2022 TechENT Syndication Leave a comment

SHANGHAI, May 7, 2022 /PRNewswire/ — FinVolution Group (“FinVolution” or the “Company”) (NYSE: FINV), a leading fintech platform, today provides an update on its status under the Holding Foreign Companies Accountable Act (the “HFCAA”). The Company is aware that it has been identified by the United States Securities and Exchange Commission (the “SEC”) under the HFCAA as a Commission-Identified Issuer on May 4, 2022, New York time, following the Company’s filing of its annual report on Form 20-F for the fiscal year ended December 31, 2021.

FinVolution understands that the SEC made such identification pursuant to the HFCAA and its implementation rules issued thereunder, and this indicates that the SEC determines that the Company used an auditor whose working paper cannot be inspected or investigated completely by the Public Company Accounting Oversight Board (the “PCAOB”) to issue the audit opinion for its financial statements for the fiscal year ended December 31, 2021.

In accordance with the HFCAA, a company will be delisted from a U.S. stock exchange if such company has been identified by the SEC for three consecutive years due to PCAOB’s inability to inspect auditor’s working paper.

FinVolution has been actively exploring possible solutions. The Company will continue to comply with applicable laws and regulations in both China and the United States.

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, 2021, the Company had over 140.3 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 Ext. 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

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PR Newswire

Stranded whale rescue: A miraculous achievement

May 6, 2022 TechENT Syndication Leave a comment

BEIJING, May 6, 2022 /PRNewswire/ — A news report by China.org.cn on a stranded whale rescue:

Recently, a 20-hour livestream had millions of Chinese netizens on the edge of their seats. This special live broadcast was focused on attempts to rescue a whale stranded on a beach in Zhejiang province.

On the morning of April 19, as fisherman Yang Genhe and his peers were preparing to head out to sea, they spotted a sperm whale measuring around 20 meters in length lying in the shallows. They immediately contacted the local maritime and fishery authorities, and within just two hours, whale experts across China and local professional rescuers had been rallied.

Yet, to be honest, successful attempts to rescue sperm whales of such a huge size are exceedingly rare around the world, let alone in China. For that reason, experts initially believed that the rescue was a long shot.

The whale’s life was at stake as the tide went out for six hours during the daytime. Rescuers repeatedly fetched buckets of water and doused the whale in a bid to keep it alive. Many fishermen also showed up at the beach and used their bare hands to splash water on the whale as there weren’t enough buckets. This was a very touching sight. They gently poured water over the whale’s body, being careful to avoid its nostrils and eyes, so that the stranded animal wouldn’t choke on sand. In the meantime, bamboo poles, netting and quilts were brought to the beach to construct a screen for the whale against sunlight and help keep it wet. Veterinarians also hooked the whale up to an IV drip. These efforts continued until the tide returned.

When the tide rose later that evening, the rescue team managed to tow the whale little by little into the water. People were surprised to see the sperm whale gradually regain its energy and blow a large column of water when it reached deeper waters.

The most touching thing during the whole rescue process was that everyone involved gave 100% effort, despite there being such little hope. They demonstrated those most basic of human emotions, namely, reverence for all living creatures and the instinct to cherish life.

In fact, whale strandings are relatively common around the world. Experts have made numerous investigations into why they happen, with theories such as noise pollution and environmental contamination having constantly been proved. From this perspective, growing public attention in China toward the stranding and rescue of whales also reflects people’s introspection and awareness toward issues concerning marine eco-system.

Yang Genhe said: “For generations we have been fed by the ocean, protecting the ocean and repaying its kindness are our greatest wishes.” An attitude like that is exactly what makes the miracle possible. When we treat the ocean the way we want to be treated, we bring hope to more lives as well as ourselves.

China Mosaic

http://chinamosaic.china.com.cn/index.htm

Stranded whale rescue: A miraculous achievement

http://www.china.org.cn/video/2022-05/06/content_78204084.htm

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Computers, Lifestyle, News

Lenovo Launches the Yoga Slim 9i– Carbon Neutrality is Really a Thing

May 6, 2022 Darwin Sucipto Leave a comment

Being environmentally friendly and creating products that fits the bill should not be something new. It is, however, now cool to do it. Take the recently launched Acer Aspire Vero National Geographic Edition for example, even a world renown organisation dedicated to global preservation recognises Acer’s effort in reducing their carbon footprint.

Acer is not the only company that is jumping on the ecologically friendly product bandwagon though. Dell has quietly been on that bandwagon for a while now, not the extremes of Acer, but they have been cutting down wherever they can. Now, we can add Lenovo to that list.

They have launched the new Yoga Slim 9i, a flagship that is created with carbon neutrality in mind. In fact, Lenovo’s new flagship thing-and-light has been certified as a carbon neutral product by TÜV Rheinland. They have also launched the Lenovo Yoga Slim 7 series built for creators who are constantly on the move.

Carbon Neutral is Cool

Source: Lenovo
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Source: Lenovo

It is the first laptop device in the world to be certified by TÜV Rheinland as a carbon neutral product. How? Lenovo never specified how. We speculate that Lenovo must have somehow offset the carbon footprint of the product in one way or another since they did not claim that the laptop has been made with recycled or recyclable materials.

While eco-friendliness can often be associated with lower build qualities and lack of durability, this is not the case with the Yoga Slim 9i. As its name suggests, the flagship laptop device is 14.9mm thick, or thin, depending on how you see it. The slim and svelte body is encased in durable 3D glass with smooth contours just to make sure that the laptop is comfortable in your hands.

The high-end device packs a 14-inch display with a 16:10 aspect ratio and boasts up to 4K in resolution. It is an OLED PureSight display too so colours are sure to be as vibrant and true as they can be on the laptop. The OLED panel is also a Vesa Certified Display HDR True Black 500 and 10-bit colour depth to get a good 100% coverage of the DCI-P3 colour gamut. The vibrant and immersive display is supported also by a powerful Bowers and Wilkins speakers for a great audio experience.

Inside the premium chassis, the Lenovo Yoga Slim 9i packs a lot of punch with Intel’s 12^th Generation Core processors with Intel EVO certification. It also packs something called Lenovo A.I. Core 2.0 to automatically optimise performances and secure the laptop. It also ensures that the fans are always spinning adequately enough to ensure that your laptop always stays cool.

Prices and Availability

The Lenovo Yoga Slim 9i will be available in a few configurations. You can get it with an Intel Core i7 or an Intel Core i5. Both devices pack Intel’s Iris Xe graphics technology. You can also get spec it with either a 2.8K or 4K OLED display. It also only comes in one colour option, not black, they call it Oatmeal. The Lenovo Yoga Slim 9i will be available in the United States (U.S.) starting June 2022 onward for US$ 1,799 (MYR 7,865*). There are no confirmations on its local availability or prices so far.

*Approximately based on exchange rate of US$ 1 = MYR 4.37 as of 06/05/2022 on xe.com

PR Newswire

LG SIGNATURE AND JOHN LEGEND UNVEIL LIMITED-EDITION WINE AT EXCLUSIVE EVENT

May 6, 2022 TechENT Syndication Leave a comment

Latest Collaboration Between Premium Living Solution Provider and the Multi-talented Legend Serves Up Exceptional Flavors and Timeless Moments

SEOUL, South Korea, May 6, 2022 /PRNewswire/ — LG SIGNATURE, the premium brand of LG Electronics, has collaborated with brand ambassador and Award-winning artist, John Legend, for a special, limited-edition wine. Released under Legend’s own LVE label, the exclusive wine was unveiled at a special event held on May 3.

LG SIGNATURE AND JOHN LEGEND UNVEIL LIMITED-EDITION WINE AT EXCLUSIVE EVENT

The invite-only function, themed Timeless Moments with Loved Ones, took place at Wappo Hill, the private home of celebrated vintner and co-founder of LVE, Jean-Charles Boisset. LG SIGNATURE brand ambassadors – the international style authority Olivia Palermo and noted wine critic James Suckling – were among the evening’s special guests, while other VIP attendees included LG SIGNATURE customers, retailers, journalists, wine reviewers and lifestyle influencers.

To begin the sophisticated soiree, John Legend and Jean Charles Boisset were joined by an LG SIGNATURE representative to share the story of the exclusive wine – from the original idea for their collaboration to an inviting description of the full-bodied Cabernet Sauvignon’s rich, complex flavors. The delighted guests were then serenaded by John Legend, who, accompanying himself on the piano, performed “You Deserve It All,” the song he wrote for LG SIGNATURE, along with his hit “All of Me” and a selection of other favorites.

Bringing the evening back to the subject of wine, James Suckling then hosted a special session on wine preservation, offering up practical tips and outlining the impressive features and benefits of the specialist LG SIGNATURE Wine Cellar. Before the evening came to a close, guests were treated to a gourmet three-course meal prepared by Boisset’s head chef Rafael Molina and paired with LVE’s delectable wine.

The limited-edition Legend X SIGNATURE wine is a 2018-vintage cabernet sauvignon crafted at Napa Valley’s renowned Raymond Vineyards. Only 300 bottles have been made, with 50 served at the event and the remainder available exclusively to LG SIGNATURE VIP customers and those purchasing an LG SIGNATURE Wine Cellar.

Complementing the wine’s superb taste is an understated label design and sophisticated black bottle, which speak to the timeless quality and premium nature of LG SIGNATURE. The bottle echoes the look and feel of the minimal Black Diamond Glass used for the LG SIGNATURE Refrigerator, while the premium Textured Steel™ Finish of the LG SIGNATURE Wine Cellar is expressed through the silver font etched into the label.

America’s – and John Legend’s – favorite red wine, cabernet sauvignon pairs perfectly with a wide variety food. Cabernet sauvignons from California’s Napa Valley region are widely considered among the best produced in the ‘New World,’ rivaling those from the variety’s native France in popularity with wine connoisseurs worldwide. The 2018 vintage from Napa Valley is noted for an exceptionally ‘juicy’ and well-rounded flavor profile resulting from the ideal weather conditions experienced that growing season. For optimal preservation, the Legend X SIGNATURE wine is best kept in the temperature- and humidity-controlled conditions offered by the LG SIGNATURE Wine Cellar.

“It was a pleasure to celebrate our limited-edition wine with music in such an intimate environment for people to truly experience the magic of LG SIGNATURE and LVE,” says Legend.

“Ever since LG SIGNATURE’s launch more than six years ago, we’ve continuously worked to provide opportunities for people to connect with our premium brand and acquaint themselves with our unique vision for a truly luxurious lifestyle,” said Lee Jeong-seok, head of LG Electronics’ Global Marketing Center. “With ambassadors like John, who embody what this brand is all about, we’re able to communicate the meaning and premium value of LG SIGNATURE to a much wider audience.”

About LG SIGNATURE

LG SIGNATURE is the first ultra-premium brand across multiple product categories from global innovator LG Electronics. Designed for the most discerning consumers, LG SIGNATURE products deliver a state-of-the-art living experience that feels pure, sophisticated and luxurious. Combining the very best of everything LG has to offer, LG SIGNATURE products are designed with a focus on their “true essence” aligned with the brand’s modern, distinctive design. For more information, visit www.LGSIGNATURE.com.

LG SIGNATURE AND JOHN LEGEND UNVEIL LIMITED-EDITION WINE AT EXCLUSIVE EVENT

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PR Newswire

Communiqué from the Annual General Meeting and statutory meeting of the Board of Directors of Mycronic AB (publ)

May 6, 2022 TechENT Syndication Leave a comment

STOCKHOLM, May 6, 2022 /PRNewswire/ — The Annual General Meeting of Mycronic AB (publ) was held on May 5, 2022. The Annual General Meeting was carried out with the physical presence of shareholders and representatives. The shareholders were also allowed to exercise their voting rights prior to the general meeting by advance voting, so-called postal voting.

The following decisions were made at the Annual General Meeting.

Income statements and balance sheets
The Annual General Meeting adopted the income statement and the balance sheet and the consolidated income statement and the consolidated balance sheet for the financial year 2021.

Dividend
The Annual General Meeting resolved, in accordance with the Board of Directors’ proposal, on an ordinary dividend of SEK 3.00 per share. The record date for receiving dividend was set to May 9, 2022, and the dividend is expected to be distributed on May 12, 2022.

Discharge from liability
The members of the Board of Directors and the CEO were discharged from liability for the administration of the company during the financial year 2021.

Election of members of the Board of Directors etcetera
The Annual General Meeting resolved, in accordance with the nomination committee’s proposal, that the Board of Directors for the period running up until the end of the next Annual General Meeting shall be composed of seven ordinary members with no deputy members.

The Annual General Meeting re-elected, in accordance with the nomination committee’s proposal, Patrik Tigerschiöld, Arun Bansal, Anna Belfrage, Katarina Bonde, Staffan Dahlström and Robert Larsson, and new-elected Bo Risberg as members of the Board of Directors for the period running up until the end of the next Annual General Meeting. Patrik Tigerschiöld was re-elected Chairman of the Board of Directors.

Election of auditor
The Annual General Meeting resolved, in accordance with the nomination committee’s proposal, that one registered accounting firm shall be elected as auditor for the period running up until the end of the next Annual General Meeting.

The Annual General Meeting re-elected, in accordance with the nomination committee’s proposal, the auditing firm Ernst & Young as auditor for the period running up until the end of the next Annual General Meeting.

The Authorized Public Accountant, Erik Sandström, will be the responsible auditor.

Board of Directors’ and auditors’ fees
The Annual General Meeting resolved, in accordance with the nomination committee’s proposal, on remuneration to the Board of Directors of a total of SEK 3,395,000 for the period running up until the end of the next Annual General Meeting to be distributed as follows. The Chairman of the Board of Directors shall receive a raised remuneration amounting to SEK 850,000 and each of the six other members of the Board of Directors shall receive a raised remuneration amounting to SEK 340,000. In addition, the Annual General Meeting resolved that remuneration to the Chairman of the audit committee shall be raised to SEK 125,000 and that remuneration to each of the other members of the audit committee shall be raised to SEK 75,000. Furthermore, remuneration to the Chairman of the remuneration committee shall be raised to SEK 100,000 and remuneration to each of the other members of the remuneration committee shall be raised to SEK 65,000.

The Annual General Meeting resolved, in accordance with the nomination committee’s proposal, that the auditor’s fee shall be taken on current account for the period running until the end of the next Annual General Meeting.

Approval of the remuneration report
The Annual General Meeting approved the Board of Directors’ remuneration report pursuant to Chapter 8, Section 53 a of the Swedish Companies Act.

Guidelines for remuneration to senior executives
The Annual General Meeting resolved to adopt guidelines for remuneration to senior executives in accordance with the Board of Directors’ proposal.

Principles for the appointment of a nomination committee
The Annual General Meeting resolved, in accordance with the nomination committee’s proposal, that the nomination committee for the Annual General Meeting 2023 shall consist of three members representing the three largest owner-registered or otherwise known shareholders at the end of August and the Chairman of the Board of Directors, a total of four members.

Authorization to resolve on issue of new shares
The Annual General Meeting resolved, in accordance with the Board of Directors’ proposal, to authorize the Board of Directors to, on one or several occasions, during the period up until the next Annual General Meeting, resolve on an issue of new shares with deviations from the shareholders’ preferential rights. The issue price shall be determined on marketable grounds and the number of issued shares may not exceed ten percent of the total number of outstanding shares in the company per the date of the notice to the Annual General Meeting 2022.

Authorization to resolve on acquisition of the company’s own shares
The Annual General Meeting resolved, in accordance with the Board of Directors’ proposal, to authorize the Board of Directors to, on one or several occasions, during the period up until the next Annual General Meeting, resolve to acquire the company’s own shares. Acquisition of shares in the company may only be made on Nasdaq Stockholm (the “Exchange”). Acquisition may only be made by a maximum of so many shares that, at any given time, the company’s own holdings do not exceed five percent of all shares in the company. Acquisition of shares on the Exchange may only take place at a price within the price range recorded on the Exchange at any given time.

Long-term incentive program 2022 (LTIP 2022)
The Annual General Meeting resolved, in accordance with the Board of Directors’ proposal, to introduce a long-term performance share program (LTIP 2022) aimed at certain key employees. The intention with LTIP 2022 is to encourage personal long-term ownership in Mycronic as well as to increase and enhance its ability to recruit, retain and motivate employees. The intention is also to use LTIP 2022 to unite the interest of the employees with the interests of shareholders.

The proposal was divided into four items:

A. Terms of LTIP 2022

B. Transfer of the company’s own shares under LTIP 2022 and hedging activities

C. Hedging of LTIP 2022 via an equity swap agreement with a third party

D. Other matters related to LTIP 2022

The Annual General Meeting approved the terms of LTIP 2022, in accordance with item A above, as well as transfer of the company’s own shares under LTIP 2022 and hedging activities in accordance with item B above.

LTIP 2022 is directed towards a maximum of 70 employees, divided in three categories of participants:

CEO (maximum 1 person)

Management Group (maximum 10 persons)

Other key employees (maximum 59 persons)

Participants will, after a qualification period, be given the opportunity to receive allotment of ordinary shares in Mycronic at no consideration. The number of shares allotted will depend on fulfilment of certain performance targets. Allotment of shares within LTIP 2022 will be made during a limited period of time following the Annual General Meeting 2025. The period up to this date is referred to as the qualification period. A condition for the participant to receive allotment of shares is that the participant remains an employee of the Mycronic Group during the full qualification period up until allotment. Allotment of shares also requires that the EPS performance targets are fulfilled.

The intention is to launch LTIP 2022 as soon as practically possible after the Annual General Meeting 2022. The term of LTIP 2022 is more than three years. LTIP 2022 will comprise a maximum of 125,500 shares in total, which corresponds to 0.13 percent of the total outstanding shares and votes in the company on a fully diluted basis.

Statutory meeting of the Board of Directors
At the statutory meeting of the Board of Directors that was held after the Annual General Meeting 2022, the Board of Directors resolved to appoint as members of the remuneration committee Patrik Tigerschiöld, Arun Bansal and Robert Larsson, and as members of the audit committee Anna Belfrage, Katarina Bonde and Staffan Dahlström.

Furthermore, the Board of Directors resolved, based on the authorization given by the Annual General Meeting 2022, to acquire a maximum of so many of the company’s own shares that, at any given time, the company’s own holdings does not exceed five percent of all shares in the company. The purpose of the acquisition is to enable delivery of shares to participants in LTIP 2022 and to be able to continuously adjust the company’s capital structure to the company’s capital requirements.

The Board of Directors’ resolution may be executed up until the next Annual General Meeting. Acquisition shall be made on the Exchange and shall take place at a price per share which is within the price range recorded on the Exchange at any given time. Payment for the shares shall be made in cash.

For additional information, please contact:
Sven Chetkovich
Director Investor Relations
Tel: +46 70 558 39 19
E-mail: sven.chetkovich@mycronic.com

The information in this press release was published on May 5, 2022, at 8:00 p.m. CEST.

About Mycronic
Mycronic is a Swedish high-tech company engaged in the development, manufacture and marketing of production equipment with high precision and flexibility requirements for the electronics industry. Mycronic’s headquarters are located in Täby, north of Stockholm and the Group has subsidiaries in China, France, Germany, Japan, the Netherlands, Singapore, South Korea, United Kingdom and the United States. Mycronic is listed on Nasdaq Stockholm. www.mycronic.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/mycronic-ab/r/communique-from-the-annual-general-meeting-and-statutory-meeting-of-the-board-of-directors-of-mycron,c3560874

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PR Newswire

HUYA Inc. Provides Update on Status under Holding Foreign Companies Accountable Act

May 5, 2022 TechENT Syndication Leave a comment

GUANGZHOU, China, May 5, 2022 /PRNewswire/ — HUYA Inc. (“Huya” or the “Company”) (NYSE: HUYA), a leading game live streaming platform in China, today provides an update on its status under the Holding Foreign Companies Accountable Act (the “HFCAA”).

Huya is aware that the Company has been identified by the United States Securities and Exchange Commission (the “SEC”) under the HFCAA on May 4, 2022. Huya understands such identification may result from its filing of the annual report on Form 20-F for the fiscal year ended December 31, 2021.

Huya understands the SEC made such identification pursuant to the HFCAA and its implementation rules issued thereunder, and this indicates that the SEC determines that the Company used an auditor whose working paper cannot be inspected or investigated completely by the Public Company Accounting Oversight Board (the “PCAOB”), to issue the audit opinion for its financial statements for the fiscal year ended December 31, 2021.

In accordance with the HFCAA, a company will be delisted from a U.S. stock exchange only if the company has been identified by the SEC for three consecutive years due to the PCAOB’s inability to inspect auditor’s working paper.

Huya has been actively exploring possible solutions. The Company will continue to comply with applicable laws and regulations in both China and the United States, and strive to maintain its listing status on the New York Stock Exchange.

About HUYA Inc.

HUYA Inc. is a leading game live streaming platform in China with a large and active game live streaming community. The Company cooperates with e-sports event organizers, as well as major game developers and publishers, and has developed e-sports live streaming as one of the most popular content genres on its platform. The Company has created an engaged, interactive and immersive community for game enthusiasts of China’s young generation. Building on its success in game live streaming, Huya has also extended its content to other entertainment content genres. Huya’s open platform also functions as a marketplace for broadcasters and talent agencies to congregate and closely collaborate with the Company.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are 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” and similar statements. Huya may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”), 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. Statements that are not historical facts, including statements about Huya’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Huya’s goals and strategies; Huya’s future business development, results of operations and financial condition; the expected growth of the game live streaming market; the expectation regarding the rate at which to gain active users, especially paying users; Huya’s ability to monetize the user base; fluctuations in general economic and business conditions in China; the impact of the COVID-19 to Huya’s business operations and the economy in China and elsewhere generally; any adverse changes in laws, regulations, rules, policies or guidelines applicable to Huya; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Huya’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Huya does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

In China:

HUYA Inc.
Investor Relations
Tel: +86-20-2290-7829
E-mail: ir@huya.com

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

In the United States:

The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
E-mail: huya@tpg-ir.com

View original content:https://www.prnewswire.com/news-releases/huya-inc-provides-update-on-status-under-holding-foreign-companies-accountable-act-301540564.html

Source: HUYA Inc.

PR Newswire

Panoramic Atlases of Life Published in Cell Mark Establishment of SpatioTemporal Omics Consortium

May 5, 2022 TechENT Syndication Leave a comment

STOC launches with more than 80 scientists joining globally, focused on obtaining the greatest scientific benefits from spatially resolved transcriptomics technology; first studies use BGI-Research’s Stereo-seq to produce spatiotemporal cellular maps of mice, Drosophila, zebrafish, and Arabidopsis

SHENZHEN, China, May 5, 2022 /PRNewswire/ — Scientists from 16 countries today announced the establishment of the SpatioTemporal Omics Consortium (STOC), an open scientific community focused on using spatially resolved cellular resolution omics technology to map and understand life. Their first studies resulted in state-of-the-art panoramic spatial atlases of life, published in Cell and Developmental Cell on May 4.

Over 80 scientists from Harvard University, Oxford University, MIT, University of Cambridge, the Karolinska Institutet, the University of Western Australia, the Genome Institute of Singapore, BGI-Research, among others, are collaborating as part of STOC. Members of the research group who produced the panoramic atlases used a new enabling technology Stereo-seq, developed by BGI-Research, to produce the most insightful spatiotemporal cellular maps to date of mice, small fruit flies (Drosophila), zebrafish, and the Arabidopsis plant, making a breakthrough in resolution and panoramic field of view and enabling analysis of the distribution and placement of molecules and cells in situ, and over time.

Identifying the characteristics of specific cells within a tissue has significant applications for understanding physiology, how organisms develop, and which cells are causes or indicators of disease, potentially leading to future gains in human disease research. These lay an important foundation for STOC’s research initiatives, which aim to create diverse sets of spatiotemporal atlases to broaden our knowledge of disease treatment, organ structures, development and aging, and to improve our understanding of biological evolution.

“In the last few years, there has been a lot of progress of mapping the genome and transcriptome in single cells. But this has been without the context of the spatial aspect of neighbourhoods of cells, ecosystem of cells, and therefore there is a whole layer of information that has been missing, which I think will now become accessible. That will have a major impact on both basic and translational research,” says Berthold Göttgens, Director of the Wellcome-MRC Cambridge Stem Cell Institute, University of Cambridge, and a Member of STOC.

The transformational aspects of spatiotemporal omics for scientific research are captured in the goals of the STOC, as Weibin Liu, STOC Organizing Committee Member, explains.

“The panoramic atlases published late yesterday are the first steps toward the Consortium’s vision of revolutionizing humanity’s understanding of mind and body, youth and old age, health and illness, the origin and future of the human race, and the rest of the living world, for that matter,” says Liu. “They lay the groundwork for multiple atlases the Consortium could complete together, and they validate approaches for creating other spatiotemporal atlases.”

“Because of the magnitude of such endeavors, they require nothing short of a concerted global effort, across multiple disciplines from science to engineering to mathematics, and across diverse stakeholders from medicine to industry to funders. Together with our 80+ members so far, we will work to chart the way forward, to build new tools and competencies, to share resources and results, to map and solve the unknown,” he adds

The SpatioTemporal Omics Consortium (STOC) is an open, collaborative research initiative established to unite, organize, advance and share global scientific efforts in spatiotemporal omics to solve the mysteries of life. More information about STOC can be found at www.sto-consortium.org .

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Teachmint group-owned Teachstack partners with Indonesian edtech Terampil to build interactive learning experiences

May 4, 2022 TechENT Syndication Leave a comment

Marks Teachstack’s first partnership in Indonesia, at the heels of recent ed-tech partnerships across Bangladesh and Malaysia.

JAKARTA, Indonesia, May 4, 2022 /PRNewswire/ — Teachmint group-owned Teachstack announced its entry into Indonesia with its first partnership with Terampil – a fast-growing ed-tech startup focused on career building and on-demand training. Teachstack will support Terampil’s vision of delivering a distinctive online learning experience to its students by providing a ready-to-launch classroom solution.

Teachstack is Teachmint’s Video-as-a-Service offering for edtech organizations across the globe to enable them with their proprietary, state-of-the-art plug and play live class solutions. The offering reduces the go-to-market time for ed-tech players by helping them integrate native classroom infrastructure with minimal code.

Mihir Gupta, Co-founder & CEO of Teachmint, said, “With our innovation in education infrastructure, we want to power the global ed-tech economy by partnering with startups solving unique, scalable problems in their geographies. We’re delighted to partner with Terampil with our technological offerings and be a part of their journey. Through Teachstack, we’re looking forward to building more such partnerships which would revolutionize digital education across the globe.”

Terampil is an online learning platform to build wealth, career & business through active learning and certified training that is easy to access, supervised, and affordable. Terampil currently offers 130 courses on-demand from 100+ expert mentors. Their repository covers critical areas of upskilling like Personal & Business Foundations, Marketing & Branding, Sales, Operational & Technology, Finance & Accounting & Human Capital.

Amrullah Azmy, Founder & CEO of Terampil said, “We started this journey in October 2021 with a vision to build agile human resources ready for global competition. Interactive learning experiences are critical for us to drive impactful learning outcomes. Our partnership with Teachstack aims to strengthen this. Teachstack is a one of a kind innovation that solves for live streaming within our apps in the simplest and fastest way possible; hence our choice was simple! We look forward to a fruitful partnership in bringing quality learning experiences to the world.”

About Teachmint

Teachmint is a leading education infrastructure startup. Available in 20 languages, with 10+ million teachers & students from 30+ countries on its platform, Teachmint today is the only solution catering to end-to-end infrastructure needs of all education providers; from K-12 schools to after-school tutoring, universities, creators and edtechs.

Media Contact:
Purnima Joshi
purnima@teachmint.com
+91-9535042561

PR Newswire

Ribbon Opens Sydney Office, Customer Showcase Facilities to Support Asia Pacific Operations

May 4, 2022 TechENT Syndication Leave a comment

Supporting Ribbon’s growth and momentum in Asia Pacific Region, recent wins with Tier 1 carriers, and expansion of Ribbon enterprise business

SYDNEY, May 4, 2022 /PRNewswire/ — Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications technology and IP optical networking solutions to many of the world’s largest service providers, enterprises, and critical infrastructure operators to modernize and protect their networks, today announced the launch of its new Australian headquarters and customer showcase and demonstration facilities in Sydney.

The new facilities will support Ribbon’s staff, customers and channel partners while enhancing the company’s ability to serve and support customers in Australia, New Zealand and the SE Asia region.

“We are delighted to be launching our new Sydney facilities today as an integral part of our multi-year expansion program in the region,” said Robert Inshaw, Ribbon’s Managing Director Australia and New Zealand. “These new facilities will help to support our growth momentum after signing agreements with several Tier 1 service providers in the region with our IP and Optical networking platforms, as well as the continued strength we are seeing in the SBC market, and with innovative cloud products like Ribbon Connect.”

The new facilities will include a state of the art customer demonstration area, training facilities, Proof of Concept (POC) laboratories, and house post-sales support and technical operations teams. Ribbon supplies critical IP and optical networking equipment to Australia and New Zealand’s largest telecommunications carriers and supports enterprise customers via a large number of channel partners and systems integrators that supply Ribbon equipment (SBCs) and cloud communication services for highly secure, efficient and intelligent communications services.

Inshaw continued, “We would like to thank our customers, partners and employees for their continued commitment to Ribbon’s business and technology. Ribbon is deeply committed to the success of our carrier and enterprise clients in the region, and today’s launch of our new Sydney office facilities will lay the foundation for the next phase of our expansion here and underpin our growth ambitions in the region for many years to come.”

About Ribbon
Ribbon Communications (Nasdaq: RBBN) delivers communications software, IP and optical networking solutions to service providers, enterprises and critical infrastructure sectors globally. We engage deeply with our customers, helping them modernize their networks for improved competitive positioning and business outcomes in today’s smart, always-on and data-hungry world. Our innovative, end-to-end solutions portfolio delivers unparalleled scale, performance, and agility, including core to edge software-centric solutions, cloud-native offers, leading-edge security and analytics tools, along with IP and optical networking solutions for 5G. We maintain a keen focus on our commitments to Environmental, Social and Governance (ESG) matters, offering an annual Sustainability Report to our stakeholders. To learn more about Ribbon, please visit rbbn.com.

Important Information Regarding Forward-Looking Statements
The information in this release contains forward-looking statements regarding future events that involve risks and uncertainties. All statements other than statements of historical facts contained in this release, including those regarding the expected benefits from use of Ribbon Communication’s products, are forward-looking statements. The actual results of Ribbon Communications may differ materially from those contemplated by the forward-looking statements. For further information regarding risks and uncertainties associated with Ribbon Communications’ business, please refer to the “Risk Factors” section of Ribbon Communications’ most recent annual or quarterly report filed with the SEC. Any forward-looking statements represent Ribbon Communications’ views only as of the date on which such statement is made and should not be relied upon as representing Ribbon Communications’ views as of any subsequent date. While Ribbon Communications may elect to update forward-looking statements at some point, Ribbon Communications specifically disclaims any obligation to do so.

Investor Relations
+1 (978) 614-8050
ir@rbbn.com

North American Press
Dennis Watson
+1 (214) 695-2224
dwatson@rbbn.com

APAC, CALA & EMEA Press
Catherine Berthier
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cberthier@rbbn.com

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Source: Ribbon Communications Inc.

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