Immigration Services Market Information Report with COVID-19 Global Forecast Impact Analysis, 2020-2024

The immigration facilities market will delight in an additional expense of approximately $49 billion, with an annual compound rate of 5. 40% during the five-year forecast period. A specific strategic technique for acquiring immigration facilities can open up several opportunities for buyers. gives rise to the market and new opportunities created as a result of the COVID-19 pandemic. Ask for examples of single pages.

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Information on the latest trends and data on the source chain market Knowledge Center on the effect on COVID-19 assessment

SpendEdge reports now come with an in-depth follow-up investigation of COVID-19’s effect on purchases and the latest market knowledge to help your company succeed over procurement challenges. methods and action plans to mitigate the dangers arising from the existing pandemic situation. The data provided through our reports will help procurement professionals streamline chain-of-origin operations and better perceive the most productive procurement practices to mitigate losses.

A review of tactical and customer trading levers:

The report explains several levers of strategic and tactical negotiation to help buyers obtain the most productive values in the immigration market. The report also helps buyers with applicable immigration value levels, pros, and cons of existing pricing models, such as volume-based pricing. , spot prices and prices by categories and control methods and the most productive practices to achieve their category objectives.

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Some of the main immigration services indexed in this report:

This immigration procurement intelligence report used key providers and their alS charge structures, variety criteria, and trading strategies.

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Materials table

appendix

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IT Tech Packaging, Inc. advances in negotiating new orders with one of its five most sensitive customers

The U. S. market has been in the middle of the world. But it’s not the first time For dysfunctions of the Meibomium glands will exceed US$ 8292. 0 million until 2030, according to CMI (Coherent Market Insights)

Shanghai, September 25, 2020 / PRNewswire / – Trip. com Group Limited (Nasdaq: TCOM) (“Trip. com Group” or “Company”), one of the leading online and similar service providers, which adds accommodation reservation, ticket sales, corporate control of arrangements and destination and other similar facilities today announced their unaudited monetary effects by the time of the quarter ended June 30, 2020.

Highlight

At the time of the 2020 quarter, the global travel industry continued to suffer a significant effect as a result of the existing COVID-19 pandemic. On a promising note, we saw that all of our national lines of business recovered to varying degrees during the quarter,” said James Liang, executive chairman. “As global efforts in the fight against COVID-19 are accentuated, we are increasingly positive about the resumption of travel activities in the world’s major markets. “

“While the current quarter saw a full quarterly effect on COVID-19 across all lines of business, our company temporarily adjusted its operational priorities to adapt to adjustments in the macroeconomic environment by minimizing operating expenses while exceeding the recovery industry,” said Jane Sun, Executive Director: “We are pleased to see that domestic flight and hotel bookings in China reached a full recovery point successively in August , and we strive for additional progress as the travel industry continues to grow. “

Financial results and trade updates for the second quarter of 2020

The Company’s effects by the time of the 2020 quarter were affected by the COVID-19 pandemic, which continued to cause a decrease in applications even though restrictions were lifted in some countries, as the spread of coronavirus was contained to varying degrees. increasingly comfortable, especially to national destinations. This resulted in more bookings compared to February and March 2020. However, demand remained lower than in the past year, mainly for Chinese markets abroad and abroad.

By the time of the 2020 quarter, Trip. com Group reported net sales of RMB3. 2 billion (US$448 million), a minimum of 64% compared to the same era in 2019. up to 33%, the last quarter.

Income from accommodation reserves for the last quarter of 2020 was RMB1. 3 billion (US$178 million), 63% less than it was in 2019 and 9% more than the previous quarter, mainly due to the market recovery.

Transportation ticketing revenue for the time of the 2020 quarter was RMB1. 2 billion (US $ 163 million), down 66% from 2019 and 52% from the previous quarter.

The package’s profit for the 2020 quarter was RMB130 million (US$18 million), 88% less than at the same time in 2019, and 75% from the previous quarter.

Commercial revenue for the time of the 2020 quarter was RMB 162 million (US$23 million), 47% less than at the same time in 2019 and 29% more than the previous quarter, mainly due to the recovery of the Chinese domestic market.

Gross margin 72% for the current quarter of 2020, compared to 79% for the same time in 2019 and 74% for the previous quarter.

Spending on product progression by the time of the 2020 quarter decreased through RMB 32% to RMB1. 8 billion (US$255 million) compared to the same era in 2019, mainly due to the decrease in spending on product progression personnel. construction in 2020 increased by 6% compared to the previous quarter, mainly due to an accumulation of expenditures similar to product progression staff. Product progression costs for the time of the 2020 quarter accounted for 57% of net sales for the same time. Repayment costs, non-GAAP product progression costs by the time of the 2020 quarter accounted for 49% of net sales for the same era, which increased from 28% in the same era in 2019 and 32% in the last quarter.

Selling and marketing expenses for the time of the 2020 quarter decreased by RMB69% to RMB661 million (US $ 94 million) compared to the same time in 2019 and decreased by 52% compared to the previous quarter, basically due to decreased sales and marketing expenses. Commercial and marketing expenses for the time of the 2020 quarter represented 21% of net sales for the same time. Excluding inventory reimbursement expenses, non-GAAP selling and marketing expenses for the time of the 2020 quarter represented 20% of net sales for the same time period. , from 24% at the same time in 2019 and from 29% in the last quarter.

Overhead and administrative expenses for the time of quarter 2020 minimized by 37% to RMB513 million (US$73 million) compared to the same time in 2019, basically due to a minimisation of costs, and minimized by 74% compared to the previous quarter as we accumulated provision for bad debts of RMB1. 2 billion in the first quarter of 2020. Overhead and administrative expenses by the time of the 2020 quarter accounted for 16% of the net source of income for the same time. Excluding inventory payment costs, non-GAAP Overhead and administrative expenses accounted for 10% of net sales for the same time, from 8% at the same time in 2019 and minimized to 38% in the last quarter.

Operating loss for the last quarter of 2020 RMB688 million (US$97 million), compared to RMB1. 3 billion in profits at the same time in 2019 and a loss of RMB 1. 5 billion in the last quarter. GAAP operating loss of RMB200 million (US$27 million), compared to RMB1. 7 billion in profits for the same era in 2019 and a loss of RMB1. 2 billion in the previous quarter.

Operating margin -22% at the time of quarter 2020, compared to 15% for the same era in 2019 and -32% in the previous quarter. Excluding inventory reimbursement costs, the non-GAAP operating margin -6%, compared to 20% for the same time in 2019 and -25% in the last quarter.

Profit tax spending for the time of the 2020 quarter was RMB 201 million (US$29 million), compared to a rate of RMB 336 million at the same time in 2019 and a profit of RMB 254 million in the last quarter. basically because of the non-taxable benefit of adjustments in the fair price of equity investments.

The net loss attributable to Trip. com Group shareholders at the time of the 2020 quarter was RMB476 million ($67 million), compared to the net loss attributable to RMB403 million Trip. com Group shareholders at the same time in 2019 and RMB5. 4 million in the last quarter, mainly due to the operational loss related to the effect of COVID-19Array adjustments in the fair price of equity investments, long-term investment impairments, gains from other investment activities and equity with losses. Excluding inventory payment costs and fair price adjustments in equity investments, the non-GAAP net loss attributable to the Trip. com Group’s shareholders amounted to RMB1. 2 billion (US$162 million), compared to the net source of RMB 1. 3 billion revenue in the same quarter of 2019 and a net loss of RMB 2. 2 billion in the previous quarter.

The diluted losses consistent with ADS were RMB00 ($0. 11) by the time of the 2020 quarter. Excluding inventory repayment costs and adjustments in fair investments, diluted non-GAAP losses through ADS were RMB1. 93 ($0. 27) by the time of the 2020 quarter.

As of June 30, 2020, the balance of money and equivalents of money, limited money, short-term investments, term deposits up to adulthood and monetary products RMB 64. 3 billion (US$9. 1 billion).

Subsequent events

In July 2020, the Company completed the offer to sell its senior convertible notes at 1. 99% due in 2025 (the “notes 2025”). Following the 2025 Repur requisition agreement, the Company’s total number of non-unusual shares on a fully diluted basis was reduced to 0. 9 million shares.

In July 2020, the Company’s $700 million convertible senior promissory notes due in 2020 (the “Negotiable Obligations 2020” of a principal amount of $700 million expired and were refunded in cash. The Company’s unusual shares on a fully diluted basis were reduced by 1. 6 million shares.

In July 2020, the Company issued US$500 million in total capital from its 1. 50% redeemable senior promissory notes due in 2027 (the “2027 promissory notes”). The 2027 promissory notes will be redeemable, at the discretion of the holders and under certain conditions, in money, of the consistent percentages of U. S. custodians (“Huazhu ADS”) of Huazhu Group Limited (Nasdaq: HTHT) (“Huazhu”), representing a consistent percentage of Huazhu, nominal price of $0. 0001 consistent with consistent percentage, or a mixture of money and Huazhu ADS, subject to safe conditions.

Business perspective

Due to the continued negative effect of COVID-19 in the 3rd quarter of 2020, the Company expects net sales to decline by approximately 47% -52% year-over-year by the 3rd quarter of 2020. This forecast reflects the existing and initial vision based on the most productive data currently available, which is a subject to change.

Conference

The Trip. com Group control team will make a call to the convention at 8:00 p. m. EST on September 24, 2020 (or 8:00 a. m. on September 25, 2020, Shanghai/Hong Kong time) after the announcement.

The call for the convention will be broadcast live on the Internet and broadcast at: https: //investors. trip. com. The call will be archived for 12 months on this website.

All players must register in advance to participate in this convention. Call the player registration link below: https://s1. c-conf. com/DiamondPass/10009786-invite. html

By registering, each player will get the main points of this convention call, adding call numbers, access code and a unique access code. To sign up for the convention, dial the number provided, enter the access code followed by your PIN, and register for the convention instantly.

A telephone replay of the call will be held after the convention closes until October 2, 2020.

The main points of the connection for repetition:

Safe Harbor Statement

This announcement comprises 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 would possibly be known through terminology such as “possibly”, “will be”, “would expect “,” Anticipates “,” long-term “,” aims “,” plans “,” believes “,” estimates “,” is / is more likely than “,” self-confident “or other similar statements. Among other things, the control appointments and the “Business Outlook” segment of this press release, as well as the strategic and operational plans of Trip. com Group, involve forward-looking statements. Forward-looking statements involve inherent dangers and uncertainties. Various vital points may also cause the actual effects to differ materially from those involved in any forward-looking statement. Potential dangers and uncertainties include, but are not limited to, the possible effect of COVID-19 on the Trip. com group’s business operations, a severe or prolonged recession in the global or Chinese economy, declines or alterations in trends in the travel industry, Trip. com group’s ADS price volatility, Trip. com group’s dependence on its relationships and contrareal arrangements with travel providers and strategic alliances, inability to compete with new and existing competitors, inability to effectively manage existing and prospective long-term expansion, dangers related to strategic investments or acquisitions, seasonality in the travel industry in the applicable jurisdictions where Trip. com Group operates, failure to effectively expand existing or long-term lines of business Trip. com Group, damage or failure of infralayout and Trip. com Group generation e, loss of Key executives of Trip. com Group, adverse adjustments in the Economic and political policies of the government of the People’s Republic of China, inflation in China, dangers and uncertainties related to the laws and regulations of the People’s Republic of China in relation to the design owned by the Chinese entities affiliated with the Trip. com Group and the contractual agreements between the Trip. com Group. , its Chinese subsidiaries and shareholders, and other hazards described in filings through Trip. com Group with the US Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of issue, and Trip. com Group assumes no legal responsibility to update any forward-looking statements, unless required by applicable law.

About non-PCGA financial measures

To supplement Trip. com Group’s unaudited abstract consolidated monetary statements presented in accordance with United States accepted accounting principles (“GAAP”), Trip. com Group uses non-GAAP monetary data related to product progression costs. , sales and marketing expenses, general and administrative expenses, or consistent with a source of income, or consistent with a margin, net source of income attributable to the Trip. com Group consistent percentage holders and dilute earnings consistent with not unusual consistent with percentage and Arrangement of each of them (with the exception of the net commission) being adjusted from the maximum comparable GAAP result to exclude the inventory reimbursement expenses recorded under ASC 718 “Stock Compensation-Compensation” and its reimbursement expenses of inventory are not tax deductible and fair price adjustments for equity interest, net of tax. coughs, recorded in ASU 2016-1 Trip. com Group management believes that non-GAAP cash collaterals facilitate a greater understanding of quarterly cohesive effects and supply control with a greater ability to plan and forecast long term consistent with the periods.

Non-PCGA data are not PCGA-ready and would possibly differ from non-PCGA accounting and reporting strategies used through other companies. The presentation of this additional data should not be considered as a replacement for PCGA results. The use of non-GAAP monetary measures is that non-GAAP measures exclude inventory repayment costs and fair price adjustments in equity investments that have been and will remain significant recurring expenses in Trip. com Group’s operations for the foreseeable future.

Reconciliations of Trip. com Group’s non-GAAP monetary knowledge to the highest comparable GAAP knowledge included in the Consolidated Statement of Income are included at the end of this press release.

About Trip. com Group Limited

Trip. com Group Limited (Nasdaq: TCOM) is a leading one-stop service provider consisting of Trip. com, Ctrip, Skyscanner and Qunar. Across its platforms, Trip. com Group enables local partners and users around the world to make informed and cost-effective bookings for products and facilities, through the aggregation of complete data and resources, and a complex platform for mobile application transactions. , Websites and visitor service centers 24/7. Founded in 1999 and indexed on the Nasdaq in 2003, Trip. com Group has become one of the world’s largest agencies in terms of raw product value.

Related links:

https://www. ctrip. com/

BEIJING, September 25, 2020 / PRNewswire / – China Finance Online Co. Limited (“China Finance Online” or “Company”, “We”, “Our” or “Our”) (NASDAQ GS: JRJC), has the web-based monetary corporation that provides Chinese retail investors with fintech-enhanced online access to securities trading Array Wealth Control Products, advice on Array securities investments, as well as monetary databases and analysis for institutional clients, today announced its unudited monetary effects by the time of the quarter and the first six months ended June 30, 2020.

Highlights of the current quarter of 2020 and news

Highlights of the first six months of 2020

Mr. Zhiwei Zhao, Chairman and CEO of China Finance Online, said: “In the current quarter of 2020, China’s economy and inventory markets have returned, with the pandemic largely contained and servicing services, our monetary reporting and advisory business has seen a forged rebound, and our ongoing charge has proven effective. “

“In the post-COVID era, Chinese companies, both large and small, are faced with unprecedented uncertainties that provide demanding situations and opportunities. As pro-money media, we have continued to introduce more innovative market placement methods that leverage our benefits in media resources and delight in the capital market place to not only advertise more transparent and long-term sustainability. Chinese money market places, but they also help position indexed corporations to increase their exposure within the investment network and send a well-crafted message to investors in this post-COVID era. In September, we effectively organized two impactful occasions to bring Chinese thought leaders, elite investors, and operators from the healthcare and genuine real estate industries to discuss expansion trends and investment opportunities. Forward securities and investors identify the most productive investment ideas. As the market matures, we also assume our social duty to advertise investment for the long term as we continue to expand our investment advisory services for institutional and retail clients. “

“As new and varied media grows, we have made ongoing efforts in the operation of new media to deliver our rich content to the public through other channels. Thanks to our original content and patented program, our operation on the popular short-lived social network Media Video, DouYinArray has achieved stable progress. Along with the growing popularity of our content, our institutional wealth control, investor training, investment advice and asset allocation services have gained greater popularity among monetary institutions. We have introduced many modular advances for many institutional clients and use our fintech team to drive the expansion of their wealth control facilities. On the retail wealth control front, we have also taken advantage of the market opportunity to expand our subscriber base as more and more investors seek professional recommendations in a conversion environment. “

“In the current part of 2020, there are still many uncertainties about the economy and capital markets, however, we will continue our fintech capability by optimizing and updating our facilities and products to boost China’s wealth control sector,” Zhao said.

Second Quarter 2020 Financial Results

Net income was $9. 7 million, compared to $8. 9 million at the time of the 2019 quarter and $9. 8 million in the first quarter of 2020. At the time of the 2020 quarter, revenue from currencyArray’s advisory activities and monetary data, advertising activities and commercial price – aggregates accounted for 33%, 47%, 10% and 9% of net income respectively, compared to 47%, 32%, 13% and 8%, respectively, for the corresponding era in 2019.

Financial revenue was $3. 2 million, compared to $4. 2 million at the time of the 2019 quarter and $4. 2 million in the first quarter of 2020. Year-on-year and quarterly declines were mainly due to declining revenue from the equity brokerage business.

Revenue from information and monetary advisory activities was $4. 6 million, compared to $2. 9 million at the time of the 2019 quarter and $3. 5 million in the first quarter of 2020. Revenue from financial reporting and advisory activities basically consisted of subscription services from Americans and institutions. clients and monetary advisory service. Year-on-year and quarterly increases in profits from monetary data and advisory activities are mainly due to the immediate expansion of investment advisory services and subscription fees for individual investors. In the last quarter, retail investors’ underwring business profits grew by 59. 8% since the same quarter of 2019 and 63. 9% since the first quarter of 2020, as more and more retail investors were looking for professional recommendations in an unprecedented volatile market and then the COVID outbreak. -19 pandemic. Investment advisory services also experienced strong expansion with a 125. 4% increase since the time of the 2019 quarter and a 22. 7% increase since the first quarter of 2020.

Advertising revenue was $1. 0 million, to $1. 2 million at the time of the 2019 quarter and $1. 3 million in the first quarter of 2020.

Revenue from value-added commercial installations was $0. 9 million, compared to $0. 7 million at the time of the 2019 quarter and $0. 8 million in the first quarter of 2020. Value-added commercial facilities are a new service of our advertising business. and studies and building its online audience base, China Finance Online provides professional communication facilities to corporations indexed in the domestic or foreign market to increase their visibility in the market.

Gross margin was $6. 2 million, compared to $5. 6 million at the time of the 2019 quarter and $5. 9 million in the first quarter of 2020. The gross margin at the time of the quarter was 63. 3%, compared to 63. 1% at the time of 2019 and 60. 1% in the first quarter of 2020 Year-on-year and quarterly increases in gross margin were mainly due to a greater contribution to individual subscription income than have a higher gross margin.

Overhead and administrative expenses were $2. 3 million, compared to $2. 5 million at the time of the 2019 quarter and $2. 2 million in the first quarter of 2020, which are basically minimized year-on-year by the continued streamlining of the company’s control activities.

Sales and marketing expenses were $4. 1 million, to $3. 8 million at the time quarter of 2019 and $3. 3 million in the first quarter of 2020 Year-on-year and quarterly increases were mainly due to higher marketing expenses similar to business advisory investment.

Research and progression expenses were $2. 0 million, compared to $2. 6 million at the time of the 2019 quarter and $2. 0 million in the first quarter of 2020. The year-over-year minimisation was basically due to progressive power after consolidation of studies and progression. groups in other business units. The corporate continues with studies and progression in the monetary generation segment to further expand its monetary generation capabilities.

Total operating expenses were $8. 4 million, compared to $8. 9 million at the time of the 2019 quarter and $7. 5 million in the first quarter of 2020. The quarter is basically minimized due to increased power and effective load controls. -creation of the quarter basically by increasing marketing and sales expenses.

Operating loss of $2. 2 million, compared to a $3. 3 million operating loss at the time of the 2019 quarter and a $1. 6 million operating loss in the first quarter of 2020.

Net loss attributable to China Finance Online $1. 5 million, compared to a net loss of $3. 0 million at the time of the 2019 quarter and a net loss of $1. 9 million in the first quarter of 2020.

The fully diluted loss through American Depository Shares (“ADS”) attributable to China Finance Online $0. 65 by the time of the 2020 quarter, compared to a fully diluted LOSs consisting of ADS of $1. 29 by the time of the 2019 quarter and a fully diluted loss consisting of ADS of $0. 83 for the fundamental and diluted weighted average number of ADS for the 2020 quarter $2. 3 million Fix compared to a fundamental weighted average number and diluted ADS of 2. 3 million for the 2019 quarter Each ADS represents fifty unusual company shares.

Financial effects for the first six months of 2020

Net income for the first six months of 2020 was $ 19. 6 million to $ 18. 8 million for the first six months of 2019.

Gross profit for the first six months of 2020 $12. 1 million, compared to $12. 0 million for the first six months of 2019.

Operating loss for the first six months of 2020 $3. 8 million, compared to an operating loss of $5. 8 million in the first six months of 2019.

Net loss attributable to China Finance Online during the first six months of 2020 $3. 4 million, compared to a net loss of $5. 7 million in the first six months of 2019.

Fully diluted ADS loss attributable to China Finance Online $ 1. 41 for the first six months of 2020, compared to a fully diluted loss of $ 2. 52 for the first six months of 2019.

RECENT EVENTS

Based on our proprietary asset allocation system, our Robo-Advisor product, Lingxi, provides Chinese retail investors with a wide variety of investment combinations and customized global asset allocations through mutual funds. Chinese. Since its inception, Lingxi has built a strong track record in balancing functionality and threat management. During the last quarter of 2020, the Chinese stock market saw a strong rebound after the sell-off related to the COVID-19 pandemic in the first quarter. Lingxi once outperformed its Robo-Advisor peers on the market and outperformed the Shanghai Composite Index. Lingxi’s maximum productive strategy fell 11. 0% in the last quarter of 2020, while the Shanghai Composite Index fell 10. 0% in the same period. All Lingxi’s methods managed to control the expected annualized fluctuation below 6. 5% while the expected annualized volatility of the Shanghai Composite Index reached 12. 6% in the same period. In the first part of 2020, Lingxi produced an average pullback of 6. 0%, proceeding to expand its leadership in the robo-advisor market, with the best-performing strategy delivering a 10. 0% pullback. In the first part of 2020, Lingxi’s annualized fluctuation was 5. 5%, while the Shanghai Composite Index rose to 21. 6% fluctuating in the same period.

On 10 September, we effectively organized the 2020 Institutional Investor Conference on Pharmaceuticals and Biotechnology in China in Shanghai, with clinical input and participation from the Chinese Pharmaceutical Industry Research and Development Association, the Chinese Biotechnology Society, the Chinese Vaccine Association and partners in China. Fund. -of-fund Alliance and Dow Jones

On September 17, we effectively hosted the China Property Summit in Shanghai, the leadership of China’s House of Real Estate Commerce and the company’s partner, Dow Jones

Conference information

Management will hold a call for the convention on September 24, 2020 at 8:00 p. m. EAST US time. (8:00 a. m. , Beijing/Hong Kong time, September 25, 2020). The details of the call for effects are:

Call 10 minutes before the call begins and provide convention ID to sign up for the call.

A call recording will be available on the China Finance Online page in the Investor Relations section.

In addition, you will have a live and archived webcast of the convention call in https://edge. media-server. com/mmc/p/tgygjhh3.

About China Finance Online

China Finance Online Co. Limited is a leading monetary company on the Internet that provides Fintech online retail investors with online access to Securities Trading Wealth Control products, Array monetary databases of securities investment advice and institutional analysis from ArrayCustomers. The company’s flagship portal, www. jrj. com, is among China’s most productive monetary Internet sites. In addition to the Internet-based securities trading platform, the Company provides basic monetary software, information and advice on securities investments to retail investors in China. Through its subsidiary, Shenzhen Genius Information Technology Co. Ltd. , the company provides monetary databases and research to institutional clients , adding national monetary, research, educational and regulatory institutions. China Finance Online also offers brokerage in Hong Kong.

Safe Harbor Statement

This press release provides forward-looking statements that constitute “prospective” statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, as explained in the United States Private Securities Litigation Reform Act of 1995. reflect management’s existing perspectives on long-term occasions and monetary performance. These forward-looking statements are the subject of certain dangers and insecurities that can also cause real effects that differ materially from those of forward-looking statements, all of which are misleading they are expecting and many of which are beyond the Company’s control. These forward-looking statements would possibly be known through terms such as “will,” “expects,” “anticipates,” “long term,” “intention,” “plans, “believes,” estimates”, “and similar statements. “Among other things, this press release contains the following forward-looking statements related to:

Such threats imply certain threats and insecurities that can cause real effects that differ materially from those of prospective ones, whose threat points and insecurities include, among others, really widespread doubts about the ability to continue operating, the COVID-19 epidemic. 19 or other fitness epidemics in China or around the world, which translate the needs of visitors, the regulatory environment, and the market and place situations to which we are subject; the asymmetric scenario of the world and Chinese economies, which may cause volatility in the stock market and have an effect on our operating effects in the coming quarters; have an effect on the conversion situations in the mainland China inventory market place of exchange, the Hong Kong inventory market place and the global money market place on our long-term performance; the unpredictable ability of our strategic transformation and new business expansion; the prospects for our margin activities and the extent to which our implementation of margin account selection and ongoing monitoring will produce positive effects; the extent to which our strategic collaborations with partners will produce positive effects; the perspectives of rich Chinese families and the middle class; clients to equip our consumer specialists with new technologies, equipment and monetary knowledge; wavering investor confidence that may have an effect on our business; and any goodwill other than money, intangible assets and impairment of investments may have an adverse effect on our net income. In addition, we have recurring operating losses and our ability to generate sufficient cash flow to meet our legal responsibility to help our operations and deal with the uncertainty about the operational effect of the COVID-19 outbreak. our ability to remain concerned. More information related to these and other threats is included in the Company’s filings with the US Securities and Exchange Commission, adding its Annual Report on Form 20-F under “Forward-Looking Information” and “Factors. ” threat. “The Company assumes no legal responsibility to update future projections as a result of new data, long-term occasions or otherwise, unless required by applicable law.

For more information, please contact:

China Finance Online 86-10-8336-3100 [email protected]

Kevin TheissAwaken Advisors (212) 521-4050 [email protected]

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