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ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Amplitude, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – AMPL

New York, New York – Newsfile Corp. – March 28, 2024 – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of stock of Amplitude, Inc. (NASDAQ: AMPL) between September 21, 2021 and February 16, 2022, both dates inclusive (the “Class Period”), of the important April 15, 2024 lead plaintiff deadline.

SO WHAT: If you purchased Amplitude stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Amplitude class action, go to https://rosenlegal.com/submit-form/?case_id=22584 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 15, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that: (1) Amplitude’s land-and-expand strategy was years away from significantly accelerating revenues among its newer client cohorts; (2) the rapid acceleration in Amplitude’s second quarter 2021 results resulted from the ephemeral effects of the COVID-19 pandemic which had not continued by the start of the Class Period, as Amplitude clients were expanding at a slower pace; and (3) as a result, Amplitude’s business, operations, financial results, and prospects were materially worse than represented to investors during the Class Period. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Amplitude class action, go to https://rosenlegal.com/submit-form/?case_id=22584 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————-

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
case@rosenlegal.com
www.rosenlegal.com

The issuer is solely responsible for the content of this announcement.

ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Amylyx Pharmaceuticals, Inc. Investors with Losses in Excess of $100k to Secure Counsel Before Important April 9 Deadline in Securities Class Action – AMLX

New York, New York – Newsfile Corp. – March 28, 2024 – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Amylyx Pharmaceuticals, Inc. (NASDAQ: AMLX) between November 11, 2022 and November 8, 2023, both dates inclusive (the “Class Period”), of the important April 9, 2024 lead plaintiff deadline.

SO WHAT: If you purchased Amylyx securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Amylyx class action, go to https://rosenlegal.com/submit-form/?case_id=22470 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 9, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that: (1) defendants had overstated AMX0035’s (commercially referred to as “RELYVRIO” in the U.S.), a treatment used for amyotrophic lateral sclerosis (“ALS”), also known as Lou Gehrig’s disease, commercial prospects; (2) patients were discontinuing treatment with RELYVRIO after six months; (3) the rate at which new patients were starting treatment with RELYVRIO was decreasing; (4) accordingly, defendants had also overstated RELYVRIO’s prescription rate; (5) defendants attempted to hide the foregoing negative trends from investors and the market by blocking analysts from viewing RELYVRIO’s prescription data; and (6) as a result, defendants’ public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Amylyx class action, go to https://rosenlegal.com/submit-form/?case_id=22470 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
case@rosenlegal.com
www.rosenlegal.com

The issuer is solely responsible for the content of this announcement.

ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages The Boeing Company Investors with Losses in Excess of $1M to Secure Counsel Before Important April 1 Deadline in Securities Class Action – BA

New York, New York – Newsfile Corp. – March 28, 2024 – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of The Boeing Company (NYSE: BA) between October 23, 2019 and January 24, 2024, both dates inclusive (the “Class Period”), of the important April 1, 2024 lead plaintiff deadline.

SO WHAT: If you purchased Boeing securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Boeing class action, go to https://rosenlegal.com/submit-form/?case_id=21684 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 1, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants made materially false and misleading statements and/or failed to disclose that: (1) Boeing had been prioritizing its profits over safety, which led to poor quality control standards in the production of its commercial aircrafts such as the 737 MAX; and (2) as a result, there was a heightened risk of manufacturing flaws that could render Boeing’s new airplanes unsafe, which materialized during the Class Period. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Boeing class action, go to https://rosenlegal.com/submit-form/?case_id=21684 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

The issuer is solely responsible for the content of this announcement.

IRTC DEADLINE ALERT: ROSEN, LEADING INVESTOR COUNSEL, Encourages iRhythm Technologies, Inc. Investors With Losses in Excess of $100K to Secure Counsel Before Important April 8 Deadline in Securities Class Action – IRTC

New York, New York – Newsfile Corp. – March 28, 2024 – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of iRhythm Technologies, Inc. (NASDAQ: IRTC) between January 11, 2022 and May 30, 2023, both dates inclusive (the “Class Period”), of the important April 8, 2024 lead plaintiff deadline.

SO WHAT: If you purchased iRhythm common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the iRhythm class action, go to https://rosenlegal.com/submit-form/?case_id=22399 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 8, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants falsely represented to investors that the Zio AT monitor, one of iRhythm’s main products, was a real-time heart monitor intended for high-risk patients. Specifically, defendants repeatedly touted the potential growth for the Zio AT as an innovative product that had only just begun to penetrate the market for real-time monitoring, which investors looked upon favorably given the premium selling price associated with devices approved for high-risk patients. As a result of these misrepresentations, the price of iRhythm common stock traded at artificially inflated prices throughout the Class Period. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the iRhythm class action, go to https://rosenlegal.com/submit-form/?case_id=22399 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————-

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
case@rosenlegal.com
www.rosenlegal.com

The issuer is solely responsible for the content of this announcement.

HUT DEADLINE: TOP RANKED ROSEN LAW FIRM Encourages Hut 8 Corp. Investors With Losses in Excess of $100K to Secure Counsel Before Important April 8 Deadline in Securities Class Action – HUT

New York, New York – Newsfile Corp. – March 28, 2024 – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Hut 8 Corp. (NASDAQ: HUT) between November 9, 2023 and January 18, 2024, both dates inclusive (the “Class Period”), of the important April 8, 2024 lead plaintiff deadline.

SO WHAT: If you purchased Hut 8 securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Hut 8 class action, go to https://rosenlegal.com/submit-form/?case_id=22432 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 8, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants made materially false and/or misleading statements and/or failed to disclose that: (1) one of U.S. Data Mining Group, Inc. d/b/a US Bitcoin Corp.’s (“USBTC”) largest shareholders is an undisclosed related party (Hut 8 Corp. formed following the November 2023 merger of Hut 8 Mining Corp. and USBTC); (2) USBTC’s core asset has historically failed to provide energy and high-speed internet; (3) the profitability of certain USBTC assets were overstated; and (4) as a result of the foregoing, defendants’ positive statements about Hut 8’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Hut 8 class action, go to https://rosenlegal.com/submit-form/?case_id=22432 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————-

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
case@rosenlegal.com
www.rosenlegal.com

The issuer is solely responsible for the content of this announcement.

Ingdan Announces 2023 Annual Results


Highlights of the Annual Results for the Year Ended December 31, 2023:

  • The growing market demand for AI chips has led to a continuous rise in AI chip orders for Comtech, resulting in a total revenue of RMB8,863.4 million during the Year.
  • In 2023, the gross profit amounted to approximately RMB1,029.9 million, with the net profit of approximately RMB319.9 million, and a profit attributable to equity shareholders of the Company of approximately RMB210.7 million.
  • Ingdan focuses on new energy smart batteries, which will drive the development of the “Ingdan Cloud” big data service.

HONG KONG SAR – Media OutReach Newswire – 28 March 2024 – Ingdan, Inc. (“Ingdan, Inc.” or the “Company”, stock code: 400.HK; with its subsidiaries (the “Group”)), a technology services company serving the global chip industry and artificial intelligence (“AI”) and Internet of Things (“IoT”, together “AIoT”) ecosystem, with its core businesses “Comtech” and “Ingdan”, announces its audited consolidated results for the year ended December 31, 2023 (“2023” or the “Year”).

Financial Highlights for the Full Year of 2023

During the Year, the rapid innovation of artificial intelligence (“AI”) has driven the digitalization of various industries, resulting in an increase in demand for AI chips. Accordingly, the demand for the Group’s AI chips has increased. However, as affected by supply shortage of AI chips and coupled with the slowdown in the growth of demand for chips in industries such as consumer electronics, the overall sales dropped. [1]According to data from the Semiconductor Industry Association (SIA), in 2023, semiconductor industry sales decreased 14.0% in China, and 8.2% globally, as compared to 2022. Meanwhile, the market demand for chips has returned from shortage to normal industry level towards the end of 2023. Despite this challenging environment, the Group’s revenue declined during the Year but still relatively outperformed the market.

During the Year, the Group recorded total revenue of RMB8,863.4 million, a year-on-year decrease of 7.0%; gross profit was RMB1,029.9 million, a year-on-year decrease of 7.5%; profit from operations was RMB465.4 million, a year-on-year decrease of 13.0%; net profit was RMB319.9 million, a year-on-year decrease of 29.3%; profit attributable to equity shareholders of the Company was RMB210.7 million, a year-on-year decrease of 33.0%. As of December 31, 2023, the Company’s cash and bank balances (including pledged deposits) totaled RMB725.5 million, bank loans were RMB1,597.4 million, and the inventory value was RMB4,506.1 million; the number of basic ordinary shares issued by the Group was 1,394,262,732, and the weighted average number of ordinary shares of diluted earnings per share was 1,371,028,000.

Global AI Chip Market Continues to Grow, Comtech Benefiting from Steady Demand

In 2023, the popularity of Generative AI such as ChatGPT has once again driven the AI boom. The thriving AI market trend in China has driven the growth in demand for AI orders for Comtech. However, due to the impact of supply shortage, the inventory of AI chips was insufficient to fulfill the number of orders. While the delay of deliveries in the first half of the Year had been resolved in the second half, the overall annual sales volume was affected. [2]According to the report from the International Data Corporation (“IDC”), the global semiconductor industry is expected to rebound due to increased inventory rationalization, visibility in the channel, and increasing demand pull from AI server and end point device manufacturers. The outlook for the global chip market has been revised from “Trough” to “Sustainable Growth”, and IDC estimated that global semiconductor sales will achieve a year-on-year growth of 20.2% to US$632.8 billion in 2024. As a technology service platform for the chip industry, Comtech focuses on the application, design, and distribution of IC chips. It covers over 50% of global major high-end chip suppliers and many leading domestic chip makers upstream, as well as tens of thousands of enterprises in five major fields downstream, including smart vehicles, digital infrastructure, industrial interconnection, energy control and big consumption. With the gradual recovery of the domestic economy, the continuous development of the technology industry, and favourable national policies, the outlook for China’s semiconductor industry is optimistic, as it meets the increasing demand for chips and brings more growth momentum to the chip business.

Comtech continued to actively push for the development of chips applications during the Year, and has achieved technological breakthroughs in cutting-edge technological features in the industries of artificial intelligence-generated content (”AIGC”), logistics robots and electronic rearview mirrors for smart vehicles, empowering a number of China’s innovative enterprises, so as to prepare for capitalizing on future market recovery.

  • Comtech has laid out plans in the field of AIGC, vigorously expanded the chips application scenarios and opportunities, and successfully deployed NVIDIA products in a prominent Data Centre in Baoding city, with hosting capacity of 360,000 AI servers, to support the goal of building a demonstration city in the era of artificial intelligence.
  • Comtech actively explored the application fields of mobile robot chips, supported the chip application and design resolution of innovative industries, successfully deployed STMicroelectronics products to warehousing robots, and provided technical training to help the logistics industry break through industry barriers.
  • The smart vehicle market also saw the opening of new opportunities with the electronic rearview mirror industry. Comtech and AMD-XLINX jointly launched the “Smart Vehicle Vision Development Package” to realize various advantages such as self-adaption, low latency, scalability, and customization—to meet the future expansion needs of smart vehicles for cross-domain integration capabilities.

New Energy Industry Structural Upgrading, Ingdan Leads in Battery Cloud Services

Ingdan focuses on the new energy industry and is committed to developing the industry for two-wheeler battery replacement and re-utilization. By building a reliable asset management platform for traceable lithium battery life-cycle data, it provides customized solutions for two-wheeler battery replacement, power re-utilization and energy storage, etc. Ingdan’s proprietary platform for smart battery management monitors real-time battery status, effectively improves battery usage efficiency and cycle, realizing the smart management of the whole battery life cycle from production calibration, safe operation, asset management, efficiency management to recycling tracking, etc.

[3]According to analysis by CICC Qixin International Consulting, the penetration rate of battery swapping for electric two-wheelers in China was 22.5% in 2022. With the successive implementation of mandatory policies such as the ”No Indoor Charging Policy” in various regions, coupled with the rapid development of the domestic instant delivery market, and the continuous improvement of battery swapping facilities, the penetration rate of battery swapping services continues to rise. The market for battery swapping services for electric two-wheelers in China is expected to experience rapid development. The report predicts that from 2022 to 2026, the market size of battery-swapping services for electric two-wheelers in China will increase from RMB4.24 billion to RMB20.5 billion, and the penetration rate of the swapping market will reach 54.1% by 2026. In line with China’s ”double carbon” national goal of reaching carbon peak in 2030 and realizing carbon neutrality in 2060, the upgrade of the energy industry structure is expected to bring about rapid changes in the industry layout. Ingdan strategically focuses on the two-wheeler battery cloud services, aiming at the new market trend of battery cloud in order to seize the RMB100 billion ”blue ocean” market opportunity, which would enable the Group to sustain profitability while contributing to the advocacy of the product standardization of China’s two-wheeler battery replacement industry, and support the realization of the national ”double carbon” goal.

Outlook

Mr. Jeffrey Kang, CEO of Ingdan, Inc., said, “With the rapid development of AI and its applications expanding to various industries, the Group remains an optimistic outlook on business growth and development prospects this year. The PRC government’s work report for this year also emphasizes the crucial direction of deepening the research and development and application of big data and AI, vigorously launching the “AI+” initiative, and actively driving the digital transformation of the manufacturing industry. Comtech will actively participate in the establishment of national standards in the digital transformation and chip applications sectors. Leveraging its technological research and development capabilities and industry expertise, the Group aims to further enhance its influence and competitiveness while fostering healthy competition and industry development.

Looking ahead, we will continue to focus on the AI industry chain and strengthen the business deployment of “Comtech” and “Ingdan”, aiming to build the ”AIoT chip-device-cloud” closed loop of the smart hardware industry. At the same time, we will continue to plough into the field of new energy smart batteries, drive the development of the big data platform “Ingdan Cloud”, actively seize the opportunities brought by the transformation of the digital economy, while supporting the national standards for digital transformation, and driving the Group towards becoming a big data enterprise, so as to continuously inject momentum into the Group’s growth.”

Caution Statement

The information contained in this document has not been independently verified. No representation, warranty or undertaking, express or implied, is made by the Company or any of its affiliates, advisers or representatives as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of such information or opinions presented or contained herein. The information contained in this document should be considered in the context of the circumstances prevailing at the time, is subject to change without notice and the Company makes no undertaking to update the information in this document to reflect any developments that occur after the date of the presentation. It is not the Company’s intention to provide, and you may not rely on these materials as providing, a complete or comprehensive analysis of the Company, or its financial or trading position or prospects. Neither of the Company nor any of its affiliates, advisers or representatives accept any responsibility or have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this document or its contents or otherwise arising in connection with this document.

This document may contain statements that reflect the Company’s current intent, beliefs, and expectations about the future as of the respective dates indicated herein. These forward-looking statements do not guarantee of future performance and are based on a number of assumptions about the Company’s operations and factors beyond the Company’s control and are subject to significant risks and uncertainties, and accordingly, actual results may differ materially from those described in these forward-looking statements. Neither the Company nor any of its affiliates, advisers or representatives has any obligation, nor do they undertake, to update these forward-looking statements for any events or developments including the occurrence of unanticipated events that occur subsequent to such dates.


[1] Global Semiconductor Sales Decrease 8.2% in 2023; Market Rebounds Late in Year

https://www.semiconductors.org/global-semiconductor-sales-decrease-8-2-in-2023-market-rebounds-late-in-year/

[2] Worldwide Semiconductor Market Outlook Upgraded to GROWTH from TROUGH: Semiconductor Market to Grow 20.2% in 2024 to $633 Billion, According to IDC
https://www.idc.com/getdoc.jsp?containerId=prUS51383823

[3] 2023年中國電動兩輪車換電行業市場規模現狀分析及「十四五」產業發展趨勢研究預測
https://www.gtdcbgw.com/index/show/catid/94/id/8472.html

Hashtag: #Ingdan

The issuer is solely responsible for the content of this announcement.

About Ingdan, Inc.

Ingdan, Inc. (stock code: 400.HK) is a technology services company serving the global chip industry and artificial intelligence and Internet of Things (“AIoT”) ecosystem, is headquartered in Shenzhen, with offices and branches across major cities in China, including Hong Kong, Shanghai, Beijing, Wuhan, Chengdu, Nanjing, Hangzhou, and Xi’an, as well as overseas branches in Singapore, Israel, and Japan. The Group’s business is divided into “Comtech”, a technology services platform for the chip industry, and “Ingdan”, a platform providing AIoT technology and services. The Group serves the “Chips-Devices-Cloud” ecosystem along the AIoT industrial chain, and provides customers with technical integration solutions, marketing solutions, and distribution services.

For further information, please refer to the Company’s website at

First-Ever Fortune Innovation Forum Draws Top Global Leaders to Hong Kong, Promoting Agendas On Collective Cross-Sector Advancement


Fortune celebrates 30 Asian companies with future growth potential from its inaugural Asia Future 30 List

With over 70 international speakers and over 400 participants, the Fortune Innovation Forum created fertile ground for discussion on new strategies for growth in APAC and beyond

HONG KONG SAR – Media OutReach Newswire – 28 March 2024 – Fortune Innovation Forum 2024 made waves in Hong Kong as leaders from around the world joined the two-day conference on 27-28 March and shared insights on advancements in AI, technology, sustainability, finance, talent recruitment, and more. The event facilitated key discussions in which experts, investors, and leaders of the world’s largest companies reflected on how businesses and economies are evolving to meet the demands of an ever-changing global environment.

The forum’s first day kicked off with a Fortune Most Powerful Women breakfast session featuring Bonnie Y Chan, the first female CEO of Hong Kong Exchanges and Clearing Limited (HKEX), Kathryn McLay, President and CEO of Walmart International, Joey Wat, CEO of Yum China, and Jane Sun, CEO of Trip.com. In a panel discussion, the four CEOs shared actionable steps to close the gender gap. Bonnie Chan talked about HKEX’s role as a regulator and its effort to rid the Hong Kong stock exchange of single-gender boards, which have dropped in number from 800 in 2021 to fewer than 500 in 2024.

Mr. Paul Chan, Financial Secretary, Government of the Hong Kong Special Administrative Region, officially opened the Forum by discussing how the city is aiming to establish an equitable environment for growth and innovation. He disputed the idea that Hong Kong is ‘over’ and identified key industries with robust, innovative potential: “We chose four areas to concentrate our energy: artificial intelligence and big data analytics, health science and health tech, fintech, and new materials advanced manufacturing.”

The global economy continues to prove surprisingly resilient, and few economies are defying expectations as much as Japan. Tokiko Shimizu, Assistant Governor, Bank of Japan, offered an insider’s look at Japan’s recovery as it ends its negative interest rate era. Ms. Shimizu said Japan “still expect[s] that the price movement in coming years will be around 2%, which means we don’t see any interest rate hike necessarily.” “We are predicting that our GDP growth will be around 1.5% over the coming years,” she said.

Innovation and advances in AI are transforming how companies engage with the global consumer, and the world’s largest retailer is working to harness all that potential. “We are in this amazing age where we can know our customers in aggregate and we can know them individually,” said Kathryn McLay, President and CEO of Walmart International. “The only way you can do that is through data and tech…I think customers can expect a more delightful experience in retail.”

Even with AI going mainstream, there are ways to further promote the technology. Scott Beaumont, President, Asia Pacific, Google, outlined four areas of focus: AI accessibility, productive use of AI, cross-industry understanding of use cases, and governments’ creation of usage guidelines. Kai-Fu Lee, Chairman and Chief Executive Officer, Sinovation Ventures, Founder of 01.AI, urged the audience to regard AI as it would a powerful workplace or educational assistant that can boost productivity and lead to improved outcomes. “We need to encourage people to harness AI and use all the tools so that they can be the best that they can be,” said Mr. Lee.

Former U.S. Treasury Secretary Lawrence Summers opened the second day of the forum, speaking to the audience virtually about trade, growth, and technology. He shared his optimism about China’s advancements. “Over a human lifespan in England in the 19th century, living standards rose by a factor of perhaps one and a half, whereas in a human lifespan in China, living standards are likely to have risen by a factor of 50 or more, which is truly the greatest achievement in the economic history of mankind,” he said.

The forum convened the top minds in innovation—from biotech to AI to cryptocurrency—to create an atmosphere that fostered collaboration and planted seeds for further breakthroughs.

Fortune Asia Future 30 Awards Celebrates Regional Companies With the Highest Potential for Future Growth

At the Asia Future 30 Award Ceremony, Fortune honored companies that landed on its inaugural Asia Future 30 list, which recognizes firms that display potential for future growth across industries.

Fortune Asia Future 30 Awardees

China
Company Headquarters Industry
Alibaba Health Information Technology Hong Kong Consumer Staples Distribution and Retail
Beijing Kingsoft Office Software Beijing Software
Wantai Biological Pharmacy Enterprise Beijing Biotechnology
BYD Shenzhen Automobiles
Contemporary Amperex Technology Ningde Electrical Equipment
EVE Energy Huizhou Industrials
Hangzhou First Applied Material Hangzhou Semiconductors
Hundsun Technologies Hangzhou Software
Imeik Technology Development Beijing Biotechnology
Inovance Technology Shenzhen Machinery
JA Solar Technology Beijing Semiconductors
JD Health International Beijing Consumer Staples Distribution and Retail
Jiangsu Hengli Hydraulic Changzhou Industrial Machinery and Equipment
Li Auto Beijing Automobiles
Meituan Beijing Hotels, Restaurants and Leisure
NIO Shanghai Automobiles
Sungrow Power Hefei Electrical Equipment
Suzhou Maxwell Technologies Suzhou Electrical Equipment
Trip.com Group Shanghai Hotels, Restaurants and Leisure
WuXi AppTec Shanghai Life Sciences Tools and Services

Fortune Asia Future 30 Awardees

Asia Pacific (outside China)
Avenue Supermarts Mumbai, India Retail and Wholesale
Celltrion Incheon, South Korea Biotechnology
Delta Electronics (Thailand) Thailand Electronic Components
Kakao Jeju-si, South Korea Interactive Media and Services
Lasertec Yokohama, Japan Semiconductors
LTIMindtree Mumbai, India IT Services
M3 Tokyo, Japan Health Care Technology
NAVER Seongnam-si,

South Korea

Interactive Media and

Services

POSCO Future M Pohang, South

Korea

Materials
WiseTech Global Sydney, Australia Software

Hashtag: #Fortune

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About Fortune

Fortune upholds a legacy of award-winning writing and trusted reporting for executives who want to improve business. Independently owned, with a global perspective and digital agility, Fortune tells the stories of a new generation of innovators, builders, and risk-takers. Online and in print, Fortune measures corporate performance through rigorous benchmarks, and holds companies accountable. Fortune creates communities by convening true thought leaders and iconoclasts – those who shape industry, commerce and society – through powerful and prestigious lists, events and conferences, such as the iconic Fortune 500, the and Most Powerful Women. For more information, visit .

TUMI Hosts Global Launch Event in Singapore to Unveil Women’s Asra Collection and Announce Global Ambassador, Mun Ka Young

The partnership with the esteemed South Korean actress was officially announced during an exclusive launch event attended by Asia-Pacific celebrities, VIPs, and media.


HONG KONG SAR – Media OutReach Newswire – 28 March 2024 – TUMI, the leading international travel and lifestyle brand, celebrated a new milestone yesterday with the introduction of its newest global ambassador, esteemed South Korean actress Mun Ka Young. Mun attended the exclusive event held in Singapore on March 27th to commemorate the launch of TUMI’s newest women’s handbag collection, Asra, and her first-ever campaign with the brand.

Mun Ka Young and TUMI Creative Director Victor Sanz at the “Discovering Asra” event
Mun Ka Young and TUMI Creative Director Victor Sanz at the “Discovering Asra” event

Over 200 of the region’s leading influencers, celebrities, and VIPs including Hong Kong singer and actress Charlene Choi, Indonesian singer Isyana Sarasvati, Filipina actresses Gabbi Garcia and Sarah Lahbati, Vietnamese actress Diem My, Thai actor Dunk Natachai Boonprasert and actress Love Pattranite, Taiwanese actress Tzeng Chih Chiao, Malaysian model and actress Scha Al-Yahya and actress Koe Yeet, Singapore’s Carrie Wong and Desmond Tan, and Indian entrepreneur Diipa Büller-Khosla, attended the “Discovering Asra” event. Joining them for a dazzling VIP dinner and party were TUMI global executives including Andrew Dawson, President; Victor Sanz, Creative Director; Jill Krizelman, SVP Global Marketing & eCommerce; and Aris Maroulis, VP for Asia-Pacific & Middle East. Singapore was chosen for the launch as the destination that inspired TUMI’s Spring 2024 collection and palette.

Mun Ka Young wears the Asra Small Crossbody in Moonlight
Mun Ka Young wears the Asra Small Crossbody in Moonlight

The Asra collection is the latest addition to TUMI’s evolving women’s category, designed for the effortlessly stylish and on-the-go modern woman. It includes three sizes and four compelling colors – TUMI’s core Black and seasonal colors Moonlight, Cameo Rose, and Purple Sunset. Each Asra bag features pleating with a soft structure, coordinating hardware, and a knotted shoulder strap for added visual and textural interest. Additional touches include an exterior microfiber-lined pocket, perfect for a phone or pair of sunglasses, and a leather monogram charm (sold separately) to add TUMI’s signature personalization.

The “Discovering Asra” evening unfolded through a series of surprises, taking guests on an intimate journey to discover the modern allure of Asra. The experience began with a sunset cruise aboard two luxurious TUMI-branded yachts that brought guests to Sentosa. Upon arrival, guests were whisked away to the VIP dinner venue located at Sentosa Golf Club. The venue, which had been transformed into the elegant “Sentosa Pavilion,” celebrated the effortless style embodied by Mun and the design language and colors of Asra, including the vibrant Purple Sunset colorway inspired by the beautiful landscapes of Sentosa Island.

Upon entering, guests encountered a rotating showcase featuring a variety of Asra silhouettes framed by a backdrop of soft, curved flower and silk-adorned arches inspired by the bag’s design. Next, they were led into the “Marble Room”, an architectural delight that paid homage to the Asra campaign and featured a floating Asra display in striking Cameo Rose. Guests then walked through the mesmerizing “Asra Alley”, with the collection displayed against a captivating video projection by visual artist Markus Kanzler. Arriving in the dining room, guests took their seats at long tables positioned around the edge of the room. LED panels along the walls served as a canvas for the evening’s expansive storytelling, celebrating the partnership between TUMI and Mun.

Celebrity guests from across Asia-Pacific enjoyed the festivities at
Celebrity guests from across Asia-Pacific enjoyed the festivities at “Discovering Asra”

After Sanz’s official introduction of Mun, guests were treated to a bespoke menu conceptualized by renowned Art Director, Loic Serot in collaboration with Chef Bjoern Alexander, formerly of two-Michelin-starred restaurant Octavium. Inspired by Mun, each of the five courses zoomed in on a defining moment in her life – from her culturally diverse heritage as a Korean woman born in Germany to her musical talent, starring roles and appointment as TUMI’s newest ambassador. Visual projections and a live musical performance accompanied the dinner. The festivities continued under the stars with the “Discovering Asra” party complete with dazzling digital fireworks, a performance by South Korean DJ Siena, cocktails by Singapore’s Nutmeg & Clove, and an edible dessert wall by Singaporean chef Janice Wong.

The new Asra collection is available now at TUMI stores worldwide and TUMI.com.

Hashtag: #TUMI

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About TUMI

Since 1975, TUMI has been creating world-class business, travel and performance luxury essentials, designed to upgrade, uncomplicate and beautify all aspects of life on the move. Blending flawless functionality with a spirit of ingenuity, we’re committed to empowering journeys as a lifelong partner to movers and makers in pursuit of their passions.

For more about TUMI, visit . TUMI and TUMI logo are registered trademarks of Tumi, Inc. © 2024 Tumi, Inc.