Tag Archives: MLM

“Bleach: Brave Souls” × Burn the Witch Collaboration Event Round 4 Begins

TOKYO, April 28, 2023 /PRNewswire/ — KLab Inc., a leader in online mobile games, announced that its hit 3D action game Bleach: Brave Souls, currently available on smartphones, PC, and PlayStation 4, will hold a collaboration event featuring Burn the Witch characters starting Sunday, April 30, 2023.

Bleach: Brave Souls will hold a collaboration event featuring Burn the Witch characters starting Sunday, April 30, 2023.
In round 4 of this campaign, players can enjoy special Summons featuring characters wearing outfits with Japanese parasols from the London-based “Burn the Witch”, event quests following an original Brave Souls story relating to the outfits, and more.
Bleach: Brave Souls will hold a collaboration event featuring Burn the Witch characters starting Sunday, April 30, 2023. In round 4 of this campaign, players can enjoy special Summons featuring characters wearing outfits with Japanese parasols from the London-based “Burn the Witch”, event quests following an original Brave Souls story relating to the outfits, and more.

See the original press release (https://www.klab.com/en/press/) for more information.

In round 4 of this campaign, players can enjoy special Summons featuring characters wearing outfits with Japanese parasols from the London-based “Burn the Witch”, event quests following an original Brave Souls story relating to the outfits, and more.

Check out the fourth collaboration between Bleach: Brave Souls and the latest series Burn the Witch by Tite Kubo, the creator of Bleach.

In addition, a BTW Collaboration RT Campaign will be held from Sunday, April 30 where 400 participants can win amazing prizes such as a PlayStation 5, an autograph of a voice actor featured in Burn the Witch, and more.

Burn the Witch Collaboration Summons: Japanese Parasol: Chic:
https://youtu.be/RxLuy8BwzeM

BTW Collab RT Campaign, Win Amazing Prizes Such as a PlayStation 5, an Autograph of a Voice Actor Featured in Burn the Witch, and More

To celebrate this Brave Souls and Burn the Witch collaboration, a BTW Collab RT Campaign will be held from Sunday, April 30.

How to Enter

  1. Follow the Bleach: Brave Souls official Twitter account (@Bleachbrs_en)
  2. Retweet the specified tweet from the official Twitter account

Overview of Bleach: Brave Souls

Download here

App Store: https://itunes.apple.com/app/id1003168863
Google Play: https://play.google.com/store/apps/details?id=com.klab.bleach
Steam: https://store.steampowered.com/app/1201240/BLEACH_Brave_Souls
PlayStation Store: https://store.playstation.com/concept/10002097

Source: KLab Inc.

NAB Show Recognizes Prime Focus Technologies’ CLEAR® and CLEAR® AI with Coveted 2023 Product of the Year Awards


LOS ANGELES, April 28, 2023 /PRNewswire/ — NAB Show, the premier media and entertainment industry event, announced Prime Focus Technologies (PFT) as a double winner of the prestigious 2023 Product of the Year Awards. NAB Show Product of the Year Award Winners were selected by a panel of industry experts in 15 categories and announced in a live awards ceremony at NAB Show. The nominated products had to come from companies exhibiting at the 2023 NAB Show and be delivered within the 2023 calendar year to be eligible for an award. 

T Shobhana, Senior Vice President and Global Head of Marketing at PFT receives the award from Eric Trabb, Senior Vice President and Chief Customer Success Officer at NAB.
T Shobhana, Senior Vice President and Global Head of Marketing at PFT receives the award from Eric Trabb, Senior Vice President and Chief Customer Success Officer at NAB.

PFT’s CLEAR® AI Reframe and CLEAR® Localize products received recognition in the Capitalize category, marking a significant achievement for the company.

“Every year, the NAB Show showcases new, groundbreaking products that have the potential to transform the media and entertainment industry,” said Eric Trabb, Senior Vice President and Chief Customer Success Officer at NAB. “The 2023 Product of the Year Awards winners have demonstrated how they can help revolutionize the content lifecycle at all stages. We congratulate PFT on their double win.”

CLEAR® AI Reframe enables content creators to automatically adapt their content seamlessly to fit various social media platforms. Meanwhile, CLEAR® Localize is an innovative solution that simplifies the localization process, allowing content owners and distributors efficiently deliver localized content to global audiences.  

“We are stocked to receive this prestigious recognition for our CLEAR® products,” said Murali Sridhar, Senior Vice President, and Global Head of Product Management at PFT. ” We understand the importance of adapting to the changing digital landscape and empowering our customers with the tools they need to succeed. These awards validate our forward-thinking approach, and we will continue pushing the boundaries of what’s possible in digital content creation and distribution.” 

To learn more about CLEAR® and CLEAR® AI, schedule a meeting with us here.

About Prime Focus Technologies

Prime Focus Technologies (PFT) is the creator of CLEAR® and CLEAR® AI. It offers streaming platforms, studios, and broadcasters transformational AI-led technology and media services powered by the Cloud that help them lower their Total Cost of Operations (TCOP) by automating their content supply chain. PFT works with major companies like Walt Disney-owned Star TV, Channel 4, ITV, Sinclair Broadcast Group, A&E Networks, Hearst Television, Warner Media, PBS, CBS Television Studios, 20th Century Fox Television Studios, Lionsgate, Showtime, HBO, NBCU, TERN International, Disney+ Hotstar, BCCI, Indian Premier League and more.

For more information, visit www.primefocustechnologies.com.  

Press Contact:
T Shobhana
Senior Vice President and Global Head of Marketing
Prime Focus Technologies
Los Angeles, CA
t.shobhana@primefocus.com

HUYA Inc. to Report First Quarter 2023 Financial Results on Tuesday, May 16, 2023

-Earnings Call Scheduled for 8:00 a.m. ET on May 16, 2023-

GUANGZHOU, China, April 27, 2023  /PRNewswire/ – HUYA Inc. (“Huya” or the “Company”) (NYSE: HUYA), a leading game live streaming platform in China, today announced that it will report its first quarter 2023 unaudited financial results on Tuesday, May 16, 2023, before the open of U.S. markets.

The Company’s management will host an earnings conference call at 8:00 a.m. U.S. Eastern Time on May 16, 2023 (8:00 p.m. Beijing/Hong Kong time on May 16, 2023).

For participants who wish to join the call, please complete online registration using the link provided below 20 minutes prior to the scheduled call start time. Upon registration, participants will receive the conference call access information, including dial-in numbers, a personal PIN and an e-mail with detailed instructions to join the conference call.

Participant Online Registrationhttps://register.vevent.com/register/BIe82fc192cd4a4b74b622d88c3abadcea 

Once complete the registration, please dial-in at least 10 minutes before the scheduled start time of the earnings call and enter the personal PIN as instructed to connect to the call.

A live webcast of the earnings call will be accessible at https://ir.huya.com and a replay of the webcast will be available following the session.

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.

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

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

Source: HUYA Inc.

Tencent Music Entertainment Group Filed 2022 Annual Report on Form 20-F

SHENZHEN, China, April 26, 2023 /PRNewswire/ — Tencent Music Entertainment Group (“TME”, or the “Company”) (NYSE: TME and HKEX: 1698), the leading online music and audio entertainment platform in China, today announced that it has filed its annual report on Form 20-F that includes its audited financial statements for the fiscal year ended December 31, 2022 with the Securities and Exchange Commission (the “SEC”) on April 25, 2023, U. S. Eastern Time.

The annual report can be accessed on TME’s investor relations website at ir.tencentmusic.com and on the SEC’s website at www.sec.gov. The Company will also provide a hard copy of the annual report containing its audited consolidated financial statements, free of charge, to its shareholders and American Depositary Share holders upon request.

About Tencent Music Entertainment

Tencent Music Entertainment Group (NYSE: TME and HKEX: 1698) is the leading online music and audio entertainment platform in China, operating the country’s highly popular and innovative music apps: QQ Music, Kugou Music, Kuwo Music and WeSing. TME’s mission is to create endless possibilities with music and technology. TME’s platform comprises online music, online audio, online karaoke, music-centric live streaming and online concert services, enabling music fans to discover, listen, sing, watch, perform and socialize around music. For more information, please visit ir.tencentmusic.com.

Investor Relations Contact
Tencent Music Entertainment Group
ir@tencentmusic.com
+86 (755) 8601-3388 ext. 818415

Cango Inc. Announces New Share Repurchase Program

SHANGHAI, April 21, 2023 /PRNewswire/ — Cango Inc. (NYSE: CANG) (“Cango” or the “Company”), a leading automotive transaction service platform in China, today announced that its board of directors has authorized a new share repurchase program (the “New Share Repurchase Program”) under which the Company may repurchase up to US$50 million worth of its outstanding (i) American depositary shares (“ADSs”), each representing two Class A ordinary shares, and/or (ii) Class A ordinary shares over the next 12 months starting from April 25, 2023.

The Company’s proposed repurchases may be made from time to time on the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, in accordance with applicable rules and regulations. The number of ADSs and/or Class A ordinary shares repurchased and the timing of repurchases will depend on a number of factors, including, but not limited to, price, trading volume and general market conditions, along with Cango’s working capital requirements and general business conditions. The Company’s board of directors will review the New Share Repurchase Program periodically, and may authorize adjustment of its terms and size. The Company plans to fund the repurchases from its existing cash balance.

On April 22, 2022, the Company announced a share repurchase program (the “Existing Share Repurchase Program”) under which the Company may repurchase up to US$50 million worth of its outstanding ADSs and/or Class A ordinary shares. Pursuant to the Existing Share Repurchase Program, the Company had repurchased 2,794,557 ADSs from the open market with cash in the aggregate amount of approximately US$5.7 million up to April 17, 2023. For avoidance of doubt, the Existing Share Repurchase Program will remain in effect until its expiration on April 25, 2023.

About Cango Inc.

Cango Inc. (NYSE: CANG) is a leading automotive transaction service platform in China connecting car buyers, dealers, financial institutions, and other industry participants. Founded in 2010 by a group of pioneers in China’s automotive finance industry, the Company is headquartered in Shanghai and has a nationwide network. Leveraging its competitive advantages in technological innovation and big data, Cango has established an automotive supply chain ecosystem, and developed a matrix of products centering on customer needs for auto transactions, auto financing and after-market services. By working with platform participants, Cango endeavors to make car purchases simple and enjoyable, and make itself customers’ car purchase service platform of choice. For more information, please visit: www.cangoonline.com

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States 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. Among other things, the “Business Outlook” section and quotations from management in this announcement, contain forward-looking statements. Cango may also make written or oral forward-looking statements in its periodic reports to 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. Statements that are not historical facts, including statements about Cango’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: Cango’s goal and strategies; Cango’s expansion plans; Cango’s future business development, financial condition and results of operations; Cango’s expectations regarding demand for, and market acceptance of, its solutions and services; Cango’s expectations regarding keeping and strengthening its relationships with dealers, financial institutions, car buyers and other platform participants; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Cango’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 Cango does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Investor Relations Contact

Yihe Liu
Cango Inc.
Tel: +86 21 3183 5088 ext.5581
Email: ir@cangoonline.com
Twitter: https://twitter.com/Cango_Group

Helen Wu
Piacente Financial Communications
Tel: +86 10 6508 0677
Email: ir@cangoonline.com

Source: Cango Inc.

Global Sources and MU Group Enter RMB 100 million Strategic Cooperation Agreement

HONG KONG, April 19, 2023 /PRNewswire/ — Global Sources and MU Group have signed a strategic cooperation framework agreement with a total value of RMB 100 million onsite at Global Sources’ Hong Kong trade shows on April 18, 2023. The agreement was witnessed by Mr. Hu Wei, Chief Executive Officer of Global Sources, and Mr. Tang Yihu, Chairman and President of MU Group. Ms. Carol Lau, Senior Vice President of Customer Service, Marketing & Business Analytics at Global Sources, and Mr. Fan Yunchang, General Manager of Yiwu Kesai Import & Export Co., Ltd., a representative of MU Group, signed the agreement.

Under the terms of the agreement, Global Sources and MU Group will establish a deep partnership, with MU Group investing RMB 100 million over the next three years to provide exclusive, tailor-made services for Global Sources’ B2B online trading platform and offline exhibitions, for itself and its subsidiaries, with the aim of expanding its B2B market and overseas presence.

Ms. Carol Lau (right) and Mr. Fan Yunchang(left) signed the agreement
Ms. Carol Lau (right) and Mr. Fan Yunchang(left) signed the agreement

Carol Lau stated that as a leading international B2B multi-channel trading platform, Global Sources serves as a bridge connecting verified suppliers and buyers worldwide. She highlighted that the successful conclusion of this extensive three-year agreement with MU Group signifies the recognition of Global Sources’ strength by its customers. Under the cooperation framework, Global Sources will provide MU Group with exclusive customized services by integrating and leveraging its online and offline resources, particularly the new iteration and upgrade of online functions on Global Sources Online (GSOL), its online trading platform. This will enable MU Group to navigate the complex global market and promote the growth of international trade.

Tang Yihu expressed high expectations for the cooperation. He noted that previous work with Global Sources has yielded remarkable results, which is why MU Group has chosen Global Sources as its strategic partner for future development. With this strengthened cooperation in place, MU Group aims to utilize the digital and offline exhibition solutions provided by Global Sources to expand into European and American markets and aggressively develop the cross-border B2B market. Mr. Tang also believes that online buyers will increasingly seek suppliers through online platforms like Global Sources, and strategic cooperation between the two parties will benefit MU Group in further developing overseas e-commerce customers. The Group aspires to become the largest cross-border B2B purchasing company and overseas e-commerce supply chain management company in Asia within the next three years.

About Global Sources

Global Sources is an internationally recognized B2B sourcing platform that has been driving global trade for over 50 years. The Company connects authentic buyers and verified suppliers worldwide with tailored solutions and trusted market intelligence through trade shows, digital platforms, and magazines. Global Sources pioneered the world’s first cross-border B2B E-commerce web site GlobalSources.com in 1995. The Company has over 10 million registered international buyers and users.

About MU Group

MU Group in founded by the end of year 2003 and was formerly well known as MARKET UNION CO., LTD. Currently, MU Group is covering more than 50 trade subsidiaries and divisions in the export trade industry. MU Group launches operating centers in Ningbo, Yiwu, and Shanghai; and branches in Guangzhou, Shantou, Shenzhen, Qingdao, and overseas.

Hainan: From a southern island to a Free Trade Port

BEIJING , April 13, 2023 /PRNewswire/ — A news report from China.org.cn on Hainan Free Trade Port:

“The spring breeze brushes through Hainan Island.” “Flowers and fruits blossom everywhere”… These refreshing lyrics from the iconic song Please Come to the Ends of the Earth were sung at the 1984 Spring Festival Gala which put Hainan on the radar for the Chinese people. Back then, “spring all year round” and “fragrant flowers and sweet fruits” were the greatest merits of this island. Four years later, Hainan Province was founded and designated as a special economic zone. That’s when the change really started to happen.

2023 marks the 35th year since the establishment of the Hainan Special Economic Zone. What was previously considered “the ends of the earth” to the Chinese people is now a holiday resort destination and home to the world’s largest single duty-free complex and the only circular high-speed railway. In addition, “globalization” has also become a hallmark of Hainan: the Boao Forum for Asia is a consensus building institution permanently based in Hainan that drives cooperation and development for Asia and the world. The China International Consumer Products Expo, which has been held for three years consecutively, provides a platform for countries to share business opportunities in the Chinese market.

2023 also marks five years since the building of a free trade port with Chinese characteristics in Hainan. Since the Law of the People’s Republic of China on the Hainan Free Trade Port came into effect, the combined effect of China’s free trade port policy and the RCEP saw the piloting of CPTPP, DEPA and other international high standard economic and trade rules, culminating in a series of legal, policy and institutional measures to facilitate the port’s full opening up to the international market. At present, three “zero tariff” lists, and the 15% income tax incentives for corporations and individuals are among the over 180 policy instruments that have been rolled out in Hainan. The special administrative measures, or “negative list” for foreign investment has also been slimmed down to 27 items, the shortest in the country.

Hainan sent delegations to visit Japan, Germany, Southeast Asia and other regions to promote investment and held foreign investment symposiums for enterprises — these are some of Hainan’s practical and earnest efforts towards seeking openness and win-win cooperation.

That’s why well-known jewelry brand De Beers Forevermark only took one month to settle in Hainan. Top-tier destination for auctions and private sales Sothetby’s, United States’ General Electric, France’s Kering Group, Singapore’s leading medical group Raffles, Japan’s Lawson and other companies have also poured investment into Hainan. Furthermore, entrepreneurs from Italy, Ghana and other countries have also selected Hainan as their market-entry destination into China.

Currently, Hainan free trade port is preparing for official independent customs operations in 2025, meaning Hainan will turn into a region inside the national border but outside the customs territory of China, which will further highlight connectivity with the world and implement more liberal trade and investment policies.

For 35 years, China has been exploring and innovating in Hainan, becoming more and more open in the process. Welcome to Hainan, where the ocean is pristine and the sand is white, to take advantage of free trade and to pursue a win-win-win future for all.

China Mosaic
http://www.china.org.cn/video/node_7230027.htm

Hainan: From a southern island to a Free Trade Port
http://www.china.org.cn/video/2023-04/13/content_85228174.htm

Dream Weavers in the countryside: Lighting up Scientific Dreams for Children

BEIJING, April 7, 2023 /PRNewswire/ — A news report by China.org.cn on China’s rural education:

Trashcan drones, water rockets made out of plastic bottles, DIY “wandering balloons”… These are showcases of science projects completed at an elementary school in Gushi County, Henan Province.

The ingenious teacher who led students in these projects is Zhang Jiantao. What distinguishes him is that he teaches in a rural school where out of the some 1,400 student body, over 80% are children left behind by their parents who work away from home most of the time.

Rural schools usually lack the necessary wherewithal for science education, such as apparatuses for experiments due to limited budgets. To intrigue students about science, Mr. Zhang will collect “waste” on school grounds in his daily life — used ping pong balls, straws and so on — and save them as materials for possible science experiments in the future.

These science projects that reuse waste objects have made Mr. Zhang’s science class a place of fun and joy. Besides the science projects displayed at the beginning, there are other interesting demonstrations, such as an “air cannon” made using cartons and cans, and a “static octopus” that runs on charging by friction. Through these fun experiments, the teacher has imparted knowledge on students like the pattern of sound waves and Bernoulli’s principle.

Zhang Jiantao has gained many likes from netizens. But what touched people is not only Mr. Zhang’s intriguing way of teaching, but also how through his deeds, opened up a door to science for these rural left-behind children, igniting their science dream.

Statistics show that in 2021, there were over 11.99 million left-behind children who were attending compulsory education in rural areas. But the fact is, a rather huge gap still exists between rural and urban schools in education resources and facilities, with art and science education being even weaker links in rural institutions.

For three years, Zhang Jiantao has brought over 100 science projects to his students leveraging this waste-recycling model. This year, he plans on compiling a textbook for the school he works at tailored to the circumstances of rural students, so that more children in rural areas could taste the charm of science. For a science teacher, maybe some DIY science projects don’t seem that challenging, but what really makes Zhang stand out from the rest is his commitment to staying in the countryside and contributing his bit to overcoming challenges in rural education.

“Dream weavers” like Zhang Jiantao are not rare in rural China. Yang Yu, a rural schoolteacher in Luanping County, Hebei Province, the only music teacher in her school at that time, transformed each of her classes into an experience of emotions and scenarios. She planted the seeds of music in the hearts of the left-behind children, and even brought her students to perform nationally. Math teacher Wu Xianzhou from Xinzhou Town, Danzhou City in Hainan Province, self-taught computer-programming lessons so he could teach his students and enrich their extra-curriculum choices. Under his proposal, computer-programming for children have become a special course offered at his school.

Rural education largely relies on these ordinary people with extraordinary minds. Meanwhile, China is encouraging more and more “dream weavers” through measures like training programs and income enhancement, to help even more children pursue their dreams.

China Mosaic

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

Dream Weavers in the countryside: Lighting up Scientific Dreams for Children

http://www.china.org.cn/video/2023-04/07/content_85217290.htm

Weibo to Hold Annual General Meeting on May 24, 2023

BEIJING, April 3, 2023 /PRNewswire/ — Weibo Corporation (the “Weibo” or “Company”) (Nasdaq: WB and HKEX: 9898), China’s leading social media platform, today published a notice to announce that it will hold an annual general meeting (the “AGM”) of shareholders (the “Notice of AGM”) at 5809-5810, Two International Finance Centre, 8th Finance Street, Central, Hong Kong on Wednesday, May 24, 2023 at 2:00 p.m. (Hong Kong time), for the purposes of considering and, if thought fit, passing the Proposed Resolutions set forth in the Notice of AGM. The Notice of AGM and proxy card for the AGM are available on the Company’s website at ir.weibo.com. The board of directors of Weibo fully supports the proposed resolutions listed in the Notice of AGM and recommends that shareholders and holders of ADSs vote in favor of the resolutions set out in the Notice of AGM.

Holders of record of ordinary shares of the Company at the close of business on April 21, 2023, Hong Kong time, are entitled to attend and vote at the AGM and any adjourned meeting thereof. Holders of record of American Depositary Shares (the “ADSs”) as of the close of business on April 21, 2023, New York time, who wish to exercise their voting rights for the underlying Class A Ordinary Shares must give voting instructions to JPMorgan Chase Bank, N.A., the depositary of the ADSs.

Weibo’s Form 20-F can be accessed on the Company’s website at ir.weibo.com, as well as on the SEC’s website at http://www.sec.gov.

About Weibo

Weibo is a leading social media for people to create, share and discover content online. Weibo combines the means of public self-expression in real time with a powerful platform for social interaction, content aggregation and content distribution. Any user can create and post a feed and attach multi-media and long-form content. User relationships on Weibo may be asymmetric; any user can follow any other user and add comments to a feed while reposting. This simple, asymmetric and distributed nature of Weibo allows an original feed to become a live viral conversation stream.

Weibo enables its advertising and marketing customers to promote their brands, products and services to users. Weibo offers a wide range of advertising and marketing solutions to companies of all sizes. The Company generates a substantial majority of its revenues from the sale of advertising and marketing services, including the sale of social display advertisement and promoted marketing offerings. Designed with a “mobile first” philosophy, Weibo displays content in a simple information feed format and offers native advertisement that conform to the information feed on our platform. To support the mobile format, we have developed and continuously refining our social interest graph recommendation engine, which enables our customers to perform people marketing and target audiences based on user demographics, social relationships, interests and behaviors, to achieve greater relevance, engagement and marketing effectiveness.

Safe Harbor Statement

This press release contains forward-looking statements. Weibo may also make forward-looking statements in the Company’s periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in announcements, circulars or other publications made on the website of The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”), 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 the Company’s beliefs and expectations, are forward-looking statements. These forward-looking statements can be identified by terminology, such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “confidence,” “estimates” and similar statements. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Further information regarding these and other risks is included in Weibo’s annual report on Form 20-Fs and other filings with the SEC and the Hong Kong Stock Exchange. All information provided in this press release is current as of the date hereof, and Weibo assumes no obligation to update such information, except as required under applicable law.

CONTACTS:
Investors Relations,
Weibo Corporation,
Tel: +86-10-5898-3336,
Email: ir@staff.weibo.com

Vipshop Announces US$500 Million Share Repurchase Program

GUANGZHOU, China, March 31, 2023 /PRNewswire/ — Vipshop Holdings Limited (NYSE: VIPS), a leading online discount retailer for brands in China (“Vipshop” or the “Company”), today announced that its board of directors has authorized a new share repurchase program under which the Company may repurchase up to US$500 million of its American depositary shares or Class A ordinary shares until the close of business on March 31, 2025, U.S. Eastern Time. The Company plans to adopt and implement this share repurchase program in accordance with applicable rules and requirements under the Securities Exchange Act of 1934, as amended, and the Company’s insider trading policy.

The Company’s proposed repurchases may be made from time to time in the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations. The timing and dollar amount of repurchase transactions will be subject to the Securities and Exchange Commission Rule 10b-18 and/or Rule 10b5-1 requirements. The Company’s board of directors will review the share repurchase program periodically, and may authorize adjustment of its terms and size. The Company expects to fund the repurchases out of its existing cash balance.

About Vipshop Holdings Limited

Vipshop Holdings Limited is a leading online discount retailer for brands in China. Vipshop offers high quality and popular branded products to consumers throughout China at a significant discount to retail prices. Since it was founded in August 2008, the Company has rapidly built a sizeable and growing base of customers and brand partners. For more information, please visit https://ir.vip.com/.

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. Among other things, the business outlook and quotations from management as well as Vipshop’s strategic and operational plans contain forward-looking statements. Vipshop 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. Statements that are not historical facts, including statements about Vipshop’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: Vipshop’s goals and strategies; Vipshop’s future business development, results of operations and financial condition; the expected growth of the online discount retail market in China; Vipshop’s ability to attract customers and brand partners and further enhance its brand recognition; Vipshop’s expectations regarding needs for and market acceptance of flash sales products and services; competition in the discount retail industry; the potential impact of the COVID-19 to Vipshop’s business operations and the economy in China and elsewhere generally; fluctuations in general economic and business conditions in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Vipshop’s filings with the SEC. All information provided in this press release is as of the date of this press release, and Vipshop does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Investor Relations Contact

Tel: +86 (20) 2233-0732
Email: IR@vipshop.com