Immigration Services Market Surveillance Report with Global CoVID-19 Impact Analysis Forecast, 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.

Main of the purchase of this report:

Information on the latest trends and market data of the source chain Knowledge Center on the effect on coVID-19 evaluation

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 recruited key vendors and their charge structures, ALS terms, variety criteria, and negotiation strategies.

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Materials table

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About SpendEdge:

SpendEdge stores its hobby to drive excellence in acquisitions and acquisitions. We are the purchasing market data spouse for more than 120 Fortune 500 corporations and other leading corporations in many industries. Our strength lies in providing robust real-time reports and responses in home markets. Learn more https://www. spendedge. com/request-for-demo

IT Tech Packaging, Inc. advances in negotiating additional orders with one of its top five customers

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

Shanghai, September 25, 2020 / PRNewswire / – Trip. com Group Limited (Nasdaq: TCOM) (“Trip. com Group” or the “Company”), a leading provider of online services and the like, which adds accommodation reservation and issuance of transportation tickets, tour packages and destination facilities, commercial control and other similar facilities today announced unaudited monetary effects for the quarter ending June 30, 2020.

Highlight

In the last quarter of 2020, 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 are accentuated in combat opposing COVID-19, we are increasingly positive about the resumption of travel activities in the world’s major markets. “

“While the current quarter witnessed a full quarterly effect of COVID-19 on all lines of business, our company temporarily adjusted its operational priorities to adapt to adjustments in the macroeconomic environment through minimizing operating expenses while exceeding the recovery industry,” said Jane Sun, Executive Director: “We are pleased to see 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 adversely 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. they are becoming more comfortable, especially to domestic destinations, which generated more reserves compared to February and March 2020, but demand remained lower than last 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 64% of the same era in 2019. La net source of revenue by the time of the 2020 quarter minimized by 33%, in the last quarter.

The income from accommodation reserves for the time of the 2020 quarter was RMB 1. 3 billion (US$178 million), 63% less than at the same time in 2019 and 9% more than the previous quarter, mainly due to the recovery of the Chinese domestic market. .

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

The package’s profit for the time of the 2020 quarter was RMB130 million (US$18 million), 88% less than it was 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 is 72% at the time of the 2020 quarter, compared to 79% at the same time in 2019 and 74% in the last 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.

Sales and marketing expenses for the time of the 2020 quarter decreased by RMB69% to RMB661 million (US$94 million) compared to the same era in 2019 and decreased by 52% compared to the previous quarter, mainly due to lower sales and marketing expenses. Commercial and marketing expenses for the time of the 2020 quarter accounted for 21% of net sales for the same era. Excluding inventory reimbursement costs, non-GAAP sales and marketing expenses by the time of the 2020 quarter accounted for 20% of net sales for the same time. , 24% at the same time in 2019 and 29% in the last quarter.

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

The operating loss by the time of the 2020 quarter is RMB 688 million (US$97 million), compared to the source of revenue of RMB 1. 3 billion in the same era in 2019 and a loss of RMB 1. 5 billion in the last quarter. Excluding inventory reimbursement costs, the non-GAAP operating loss amounted to two hundred million RMB (US$27 million), compared to the source of revenue of RMB 1. 7 billion at the same time in 2019 and a loss of RMB 1. 2 billion in the last quarter. .

Operating margin -22% at the time of quarter 2020, compared to 15% for the same era in 2019 and -32% in the last 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.

Income tax spending for the 2020 RMB 201 million quarter (US$29 million), compared to an RMB336 million rate in the same 2019 era and a profit of RMB254 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 a net loss attributable to RMB403 million’s Trip. com Group shareholders at the same time in 2019 and RMB5. . 4 billion in the previous quarter, basically due to the operational loss related to the effect of COVID-19Array adjustments in the fair price of equity investments, deterioration of long-term investments, gains from other investment activities and loss Excluding inventory repayment expenses and adjustments in the fair price of equity investments , the non-GAAP net loss attributable to the Trip. com Group’s shareholders was RMB1. 2 billion ($162 million), compared to the net source of revenue of RMB 1. 3 billion 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 Bond Repurutment 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% to 52% year-over-year by the 3rd quarter of 2020. existing and initial vision based on the most productive data available at that time, which is likely to change.

Conference

The Trip. com Group control team will make a call to the convention at 8:00 p. m. East U. S. time But it’s not the first time September 24, 2020 (or 8:00 a. m. September 25, 2020 at 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

When registering, each player will earn the main points of this convention call, adding call numbers, access code, and a unique access code. To enroll in the convention, dial the number provided, enter the access code followed by your PIN, and you register for the convention instantly.

There will be a telephone replay of the call after the convention ends 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 the 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, deteriorating situations or industry disruptions. travel, volatility in the trading value of Trip. com Group ADSs, Trip. com Group’s reliance on its relationships and contrareal agreements with travel providers and strategic alliances, inability to compete with new and existing competitors, inability to manage existing expansion and long-term prospective expansion, dangers related to strategic investments or acquisitions, seasonality in the travel industry in applicable jurisdictions where Trip. com Group operates, inability to effectively expand lines of Trip. com Group’s existing or long-term business, damage or failure of infralayout technology and Trip. com Grou p, loss of the most sensitive control facilities of Trip. com Group, notice 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 legislation and regulations of The People’s Republic of China with respect to the proprietary design of the Chinese entities affiliated with the Trip. com Group and the contrreal agreements between Trip. com Group, its Chinese subsidiaries and its shareholders, and other dangers described in documents filed through Trip. com Group with the United States 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 consolidated abstract 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. , selling and marketing expenses, general and administrative expenses, or consistent with source of income, or consistent with margin, net source of income attributable to Trip. com Group consistent percentage holders and dilute earnings consistent with not unusual consistent with the percentage and Matrix of each of them (with the exception of the net commission earned) being adjusted from the maximum comparable GAAP result to exclude the inventory reimbursement expenses recorded under ASC 718 “Stock Compensation-Compensation” and your inventory reimbursement expenses are not tax deductible, and the fair price adjustments of equity interest , net of tax, recorded in ASU 2016-1. Trip. com Group management believes that non-GAAP monetary income measures facilitate a greater understanding of quarterly cohesive effects and control of supply with a greater ability to plan and forecast long-term consistent with 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 the Trip. com’s non-GAAP monetary knowledge with the comparable maximum GAAP knowledge included in the Consolidated Statement of Operations are included at the end of this press release.

About Trip. com Group Limited

Trip. com Group Limited (Nasdaq: TCOM) is a leading provider of end-to-end facilities consisting of Trip. com, Ctrip, Skyscanner and Qunar. On all its platforms, Trip. com Group enables local partners and companies 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 transaction platform of cellular applications. , Websites and service centers for visitors 24/7 Founded in 1999 and indexed on the Nasdaq in 2003, Trip. com Group has become one of the largest agencies in the world 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-driven online access to securities trading Array Wealth Control Products, Investment advice on Array securities, as well as monetary database and institutional consumer analysis Array today announced its unudited monetary effects for the quarter and the first six months ended on June 30, 2020.

Highlights of the current quarter of 2020 and news

Highlights from the first six months of 2020

Zhiwei Zhao, president and CHIEF executive of China Finance Online, said: “In the current quarter of 2020, China’s economy and inventory markets have returned, with the pandemic largely contained. New, more effective marketing systems and extensive products and service services, our money reporting and advisory business has experienced a forged uptick. and our ongoing position 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. The Chinese money market venues, but 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 hosted two landmark occasions to bring Chinese thought leaders, elite investors, and operators in the real estate and healthcare industries to discuss expansion trends and business opportunities. investment. Our project continues to be to help investors identify the most productive investment practices, companies offer long-term values, 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 part of 2020, there are still many uncertainties about the economy and capital markets, however, we will continue our financial technology capacity 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 advisory activities and monetary data from the monetary matrix, advertising activities and corporate 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 in 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 the monetary reporting and advisory business 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. The earnings from the monetary data and advisory business basically consisted of in subscription services of Americans and institutions. clients and monetary advisory service. The year-on-year and quarterly increases in earnings from currency data and advisory activities are primarily due to the immediate expansion of investment advisory services and subscription fees from individual investors. At the time of the quarter, earnings from retail investor underwriting activities grew 59. 8% from the same quarter of 2019 and 63. 9% from the first quarter of 2020 as more and more retail investors sought recommendations. professionals in an unprecedented volatile market and after the outbreak. of COVID. -19 pandemic. Investment advisory services also experienced strong expansion with an increase of 125. 4% from the time of the 2019 quarter and an increase of 22. 7% from 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 minimization of one year of the other was basically attributable to the improvement in power after consolidation. studies and progression groups in business units. The Company 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. -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 shares of the company.

Financial effects for the first six months of 2020

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

ADS’ fully diluted losses attributable to China Finance Online were $1. 41 during the first six months of 2020, at a completely diluted loss of $2. 52 during 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 custom-designed global asset allocation and investment combinations through Chinese mutual funds. Since its inception, Lingxi has built a strong track record of 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 controlled 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 September 10, we effectively organized the 2020 Institutional Investor Conference on Pharmaceuticals and Biotechnology in China in Shanghai, with clinical input and participation from China Pharmaceutical Industry Research and Development Association, China Biotechnology Society, China Association of Vaccines and partners of 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 24 September 2020 at 8:00 p. m. EAST 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 recording of the call can be found 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 financial company on the Internet that provides Fintech online retail investors with online access to ArrayCustomers’ securities trading wealth control products, Securities Investment Advisory Array monetary databases, and institutional analysis. 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, securities investment information and advice 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 points of threat and insecurities include, among others, really widespread doubts about the ability to continue operating, the COVID-19 epidemic or other fitness epidemics in China or around the world, converting visitor needs, regulatory environments, and 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 outlook for our margin activities and the extent to which our implementation of the margin account review 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. 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, contact:

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

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

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