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Mercedes-Benz unveils the arrival of the eActros and eEconic all-electric trucks in Hong Kong

Pioneering Carbon-Neutral Commercial Transportation

HONG KONG SAR – Media OutReach – 27 October 2023 – Mercedes-Benz’s renowned truck series, Actros and Econic, have long dominated the Hong Kong commercial vehicle market as two of the most popular heavy-duty truck models. The Actros truck has established itself as the backbone of local and cross-border logistics, while the Econic series caters to the needs of urban applications with its ultra-low floor design. Mercedes-Benz has officially introduced the all-electric versions of these two truck series, the eActros and eEconic, to the Hong Kong market, taking a significant step towards meeting the increasingly critical standards of eco-friendly freight transport and partnering with the local freight industry and truck users in the journey towards carbon-neutral transportation.

Caption
(From Left) Wai Chung Kung, Senior Sales Manager, Zung Fu Company Limited, Wilson Lam, Director of Commercial Vehicles, Zung Fu Company Limited, Mr. Harald Schmid, Chief Executive Officer (CEO), Daimler Commercial Vehicles SEA Pte. Ltd and Mr. Kyu-Sang Cho, Vice President, Daimler Commercial Vehicles SEA Pte. Ltd hosted the launch ceremony for the all-new eActros and eEconic

Embracing the Environmental Trend, Heading towards a Green Future
At the launch event for the eActros and eEconic trucks, Mr. Harald Schmid, CEO of Daimler Bus and Mercedes-Benz Special Truck, South East Asia, together with Mr. Wilson Lam, Director of Commercial Vehicles, Zung Fu Hong Kong, witnessed the grand debut of these two Mercedes-Benz all-electric trucks. With the introduction of the eActros and eEconic in Hong Kong, local businesses can now acquire large-scale environmentally friendly transport vehicles that offer enhanced performance, aligning with their growing emphasis on sustainable development strategies (ESG).

The all-electric eActros and eEconic, now showcased at the Mercedes-Benz Truck and Bus Service Center, are poised to provide a wider range of all-electric and eco-friendly options for the local trucking industry. Upholding Mercedes-Benz’s consistent philosophy of delivering reliable, high-quality, and comfortable driving experiences, these two all-electric trucks are available for order and are expected to be delivered and put into service in the second quarter of 2024.

The First All-Electric Mercedes-Benz Truck, the eActros
As the flagship series of Mercedes-Benz trucks, the Actros has long been the preferred choice for numerous commercial vehicle users. In pursuit of the ultimate environmental goal of “carbon-neutral transportation,” Mercedes-Benz has officially launched the all-electric eActros. The eActros 400 is equipped with a large lithium-ion battery pack with a total capacity of 448 kWh, providing a range of up to 400 km*. With a powerful dual-motor system delivering a total output of 400 kW (544hp), the eActros exhibits superior performance compared to its diesel-engine counterparts.

When choosing all-electric trucks in the transportation industry, several decisive factors come into play, including range, power output, fast charging capability, adaptability for daily use, and application flexibility. Additionally, low noise levels and the ability to drive with zero CO2 emissions are also crucial considerations. The introduction of the eActros addresses these key factors, providing the most practical solutions and offering robust support to the transportation industry in its pursuit of sustainability and carbon neutrality. To complement the electric powertrain, the eActros is equipped with a truly responsive 2-speed transmission, simplifying the driving and operation processes, reducing stress for drivers, and ultimately enhancing work efficiency. Mercedes-Benz has also incorporated several acclaimed electric vehicle core technologies and safety features into the standard specifications of the eActros, including the Multimedia Cockpit Interactive, AVAS (Acoustic Vehicle Alerting System), Lane Keep Assist, and fifth-generation Active Brake Assist emergency braking system, MirrorCam rearview mirror system (optional), among others.

The Most Environmentally Friendly Low-Floor Urban Truck, the eEconic
Belonging to Mercedes-Benz’s special-purpose truck series, the eEconic is the second all-electric heavy-duty truck under the Mercedes-Benz brand, based on the chassis and powertrain system of the eActros. Benefitting from electric power propulsion, the eEconic offers higher efficiency in energy recuperation during braking compared to conventional diesel-powered trucks, making it particularly suitable for environments that require frequent starts and stop (such as refuse collection vehicles). With zero exhaust emissions and exceptionally quiet operation, the eEconic is especially well-suited for nighttime operations and areas with strict restrictions on exhaust emissions. The high-performance lithium-ion battery can seamlessly integrate with a 160 kW charging system, recharging up to 20%-80% of its capacity in approximately 75 minutes, making it perfect for urban applications that require multiple stops along the route.

eEconic sets itself apart with the utilization of Econic series’ DirectVision low-floor cabin, significantly reducing physical demands for onboard personnel and enhancing overall driving safety and occupational health effectiveness.

Exclusive Incentives for Electric Trucks – offered by Hong Kong Government
The newly arrived pure electric trucks, eActros and eEconic, from Mercedes-Benz, will include in the eligible vehicle list of the New Energy Transport Fund, allowing owners to apply for subsidies of up to HKD 3 million. Mercedes-Benz Trucks, in collaboration with CLP and Shell Hong Kong, will provide professional charging system support services to owners of Mercedes-Benz pure electric trucks. CLP will enhance the power supply system to meet the charging requirements of the trucks, while Shell Hong Kong will assist customers in installing wall-mounted chargers and provide charging services at its network of service stations, supporting Mercedes-Benz pure electric truck owners in their journey towards carbon-neutral transportation goals.

Experience the Mercedes-Benz eActros and eEconic Firsthand
Join us for an exclusive two-day event at the Mercedes-Benz Trucks and Buses Service Center starting October 28th. Discover the future of electric trucks as our product experts guide you through the key differences between all-electric and diesel models. Get up-close with the innovative features and intricate details of the all-new eActros and eEconic. Limited spots available. Register now.

Date: 28th – 29th October 2023, Saturday & Sunday
Time: 11:00 – 18:30 (Saturday)
13:00 – 16:30 (Sunday)
Venue: Mercedes-Benz Trucks & Buses Service Centre, 1 Hong Yip St, Yuen Long
Register: bit.ly/eActros_eEconic_launch_EN

*The range was determined internally under optimum conditions, including 4 battery packs after preconditioning in partially loaded distribution traffic without a trailer at 20 °C outside temperature.

Hashtag: #ZungFu

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

About Mercedes-Benz Trucks and Buses

As a pioneer in the development of heavy-duty commercial vehicles, the roots of Mercedes-Benz Trucks and Buses can be traced back to the late 19th century with the creation of the world’s first internal combustion engine-powered heavy-duty truck designed by Gottlieb Daimler, as well as the development of the first passenger and cargo vehicle by Karl Benz. With over a century of continuous advancement, Mercedes-Benz Trucks and Buses have gained widespread popularity and trust among users worldwide due to their outstanding performance and durability. In recent years, the brand has introduced “zero-emission” pure electric trucks and buses, taking significant steps towards the goal of “carbon-neutral transportation”.

About Zung Fu

Established in 1938, Zung Fu is a prominent automotive business group rooted in the Hong Kong and Macau regions. As early as 1954, it became the partner of Mercedes-Benz in the Hong Kong area. In 2022, Zung Fu Motors was further appointed as the exclusive General Distributor for Mercedes-Benz Commercial Vehicles, Trucks, and Buses in Hong Kong and Macau, assuming full responsibility for managing, operating, and supporting the business of Mercedes-Benz Trucks and Buses in the region. Zung Fu currently operates large-scale authorized Mercedes-Benz Commercial Vehicle service centers in Hong Kong, providing comprehensive parts, repair, and maintenance support services to customers of Mercedes-Benz Trucks and Buses.

SHARP Corporation’s Grand 111th Anniversary Event in Singapore Merges Sincerity, Creativity, and Innovation with the Official Launch of SHARP NEC Display Products Across Asia

Experience Cutting-Edge Japanese Technology and High-Performance Displays, Redefining the Vision of Tomorrow

SINGAPORE – Media OutReach – 27 October 2023 – SHARP Corporation, renowned for its groundbreaking consumer electronics and appliances, has marked its 111th anniversary with an inaugural launch event recently held in Singapore, preceding the grand “SHARP Tech-Day” exhibition scheduled for November 10-12, 2023, in Tokyo.

Group photo of management team from SHARP Singapore, distinguished guests from SHARP Japan and attendees at the SHARP 111th-anniversary launch event in Singapore
Group photo of management team from SHARP Singapore, distinguished guests from SHARP Japan and attendees at the SHARP 111th-anniversary launch event in Singapore

The 111th-anniversary launch event hosted by SHARP Singapore, led by Managing Director Mr Woo Keat Chew, was attended by distinguished guests from Sharp Japan, including Mr. Tamura Tomoki, Mr. Yoshida Hiroyuki, Mr. Jun Kasawaki, and Ms. Manami Takeda, reflecting Sharp’s commitment to international excellence and cooperation.

“As we celebrate SHARP’s 111th anniversary and mark our first launch event in Singapore, it’s a testament to our long-standing commitment to this dynamic nation, where we’ve been an integral part of the technology landscape for over 30 years,” said the Managing Director of SHARP Singapore, Mr. Woo Keat Chew. “Throughout our journey, we’ve not only demonstrated a history of industry-first and world-first products but also consistently upheld our core values of ‘sincerity and creativity,’ deeply rooted in Japanese heritage, technology, and innovation. Today, we’re excited to continue this legacy by announcing the official distribution of SHARP NEC display products across Asia, bringing innovative display solutions to an even wider audience.”

Under the overarching theme of “Be a Game Changer,” Sharp is poised to introduce revolutionary technologies and cutting-edge solutions that have the power to transform the daily lives of users across Asia and beyond. Sharp’s ongoing commitment to redefining norms in various domains, from the way people live to the way they work, is a testament to its dedication to bringing new values to the world.

Sharp NEC Display Solutions prides itself in providing ideal products for a diverse range of needs, offering an exceptionally comprehensive and solutions-focused portfolio, a feat unmatched by any other vendor in the current market. With a team of industry experts providing a single point of contact for complete display solutions across various vertical markets, their approach combines the personal touch typically associated with small businesses with the global outreach capabilities that ensure widespread accessibility.

The official distribution of SHARP NEC display products in Asia signifies a strategic move that sets Sharp apart as a leader in the industry. Sharp NEC Display Solutions, as part of this collaboration, brings a holistic approach to the display market, emphasizing enhanced efficiency, individual productivity, and the best return on investment (ROI), ensuring investment protection.

Key products that will be distributed include the 4K ultra-definition resolution Large Format Display PN-ME652, Direct View LED (dvLED) LED-FC009i with CoB technology, the ultra-thin bezel Video Wall Display UN552S, Interactive WhiteBoard with touchscreen capability PN-LC652 and LCD-based laser Projector with Interchangeable lenses NP-PV800UL-B. These products are known for their exceptional clarity and fully customizable solution features, making them stand out in the market.

Stunning Visuals with Direct View LCD (LED-FC009i)

The Direct View LED-FC009i presents stunning visuals with deep blacks and exceptional contrast ratio of up to 20,000:1, delivering remarkably vivid content even in challenging ambient conditions. It leverages flip-chip CoB technology to provide state-of-the-art image quality while significantly increasing energy efficiency, resulting in reduced operating costs over its lifetime.

With outstanding durability, high contrast ratios, and brightness, the FC009i is a versatile choice for applications in transportation, museums, meeting spaces, and more. Its well-established mechanical cabinet design supports both wall-mounted and freestanding installations, ensuring a swift and precise module alignment for a single large surface perception.

Bring Your Walls to Life with Video Wall Display (UN552S)

The SHARP NEC 55-inch UN552S video wall display offers superior image quality, straightforward installation, and reliable long-lasting performance. Its powerful calibration capabilities simplify setup and deliver compelling picture quality throughout its lifetime. With an ultra-thin bezel of just 0.88mm, this video wall provides an expansive digital canvas with minimal interruption. A brightness of 700cd/m² and an anti-glare surface ensure optimal readability even in bright ambient light conditions. Thanks to its IPS panel technology, the UN552S delivers lifelike and consistent colors, offering color reproduction that remains true to life.

The S-IPS panel guarantees perfect visibility in both landscape and portrait mode, and even at extreme viewing angles, making it an ideal choice for maintaining color consistency as viewers move by. Moreover, the UN552S offers smart media integration to seamlessly integrate any media source into the video wall display.

Out of the Box Solution with Large Format Display (PN-ME652)

The PN-ME652 offers a professional feature set and high reliability, providing an opportunity to digitize signage with ease. This commercial-grade display supports out-of-the-box solutions with pre-installed applications and the flexibility to expand functionality with additional Android applications. Capable of operating in landscape or portrait orientation for up to 18/7 hours, it empowers local retailers, restaurants, and small businesses to deliver dynamic advertising and infotainment content.

In addition to its core features, the PN-ME652 boasts future-ready connectivity, featuring multiple industry-standard digital and analog signal inputs that allow for flexible integration into AV infrastructures. Furthermore, its integrated USB media player ensures effortless playback of various image and video file formats, simplifying standalone content playback. This display is designed to meet the needs of modern businesses, combining versatility and convenience for a smooth digital signage experience.

LCD-Based Laser Projector with Interchangeable Lenses (NP-PV800UL-B)

The NP-PV800UL-B offers a cost-efficient projection solution with exceptional installation flexibility, low maintenance with up to 20,000 hours operation, and long-life laser performance. Its 3LCD technology ensures vivid colors and brightness at 8000 Lm. This projector accommodates various interchangeable lenses and professional adjustment features. With low noise level of 32dB, this silent technology makes it an excellent choice for education, corporate, leisure, and hospitality sectors, delivering reliable, cost-effective projection in large spaces.

Next-Level Collaboration Made Easy with PN-LC652

The PN-LC652 features a 4K ultra HD resolution display and an LED touchscreen that recognizes up to 20 multi-touch points simultaneously, facilitating productive teamwork, idea sharing, and enhanced presentations. This device features a Whiteboard application with annotation tools where users can write, draw, insert shapes and 2D/ 3D images. It is ideal for fast-paced office environments, boardrooms, classrooms, and training sessions that demand swift and responsive operation along with integrated collaboration tools.

Smart Business Partner with BP-70C65

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The BP-70C65 A3 color MFP is a secure print solution tailored for the future workplace, offering effortless connectivity, security, and sustainability while providing superior functionality to support hybrid working. Operating at a speed of 65 pages per minute for both black and white and color prints, the BP-70C65 is suitable for offices of all sizes. It streamlines daily office tasks with Optical Character Recognition (OCR) and a duplex single pass feeder, supports connectivity to cloud services and mobile devices, and ensures seamless security and up-to-date operation.

Sharp’s dedication to Japanese heritage, technology, and creativity, as well as its reputation for sincerity and innovation, is more pronounced than ever as it steps into this new chapter. The distribution of SHARP NEC display products across Asia represents a crucial move in strengthening the company’s position as a leader in providing innovative and customer-focused solutions.

Hashtag: #SHARP


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

About SHARP

Celebrating 111 years of Japanese innovations since 1912. SHARP has remained committed to producing products that are innovative and forward-looking with exclusive technologies. Since then they have achieved 21 years of AQUOS TV, 100 million units of Plasmacluster products and 2 million units of Healsio Superheated Steam Oven sold worldwide.

Sharp will continue to deliver innovative products with added energy saving features using technologies such as J-tech Inverter and No-Holes Tub washer for water saving. Also continue providing a range of appliances for households such as Ultra HD Android TVs, Multi-door Refrigerators, washing machines, Plasmacluster air purifiers, microwave oven, steam oven, audio and personal care products.

They also launched the new Cocoro Life Singapore e-store to showcase exclusive Japan products to the Singapore market.

Lao Authorities Seek Ways to Reduce Unregulated Fires, Tackle Air Pollution

Locals attempted to put out a forest fire in Borkeo Province in the evening of 7 April 2020. (Photo: Lao Youth Radio FM 90.0 Mhz)

As the dry season approaches, the annual forest and garbage burning issue looms large.

Former Chinese Premier Li Keqiang Passes Away at Age 66

Former Chinese Premier Li Keqiang Passes Away at Age 66
Former Chinese Premier Li Keqiang speaking at the EU-China Summit in Brussels, Belgium in 2019. (photo: Thierry Monasse)

On the morning of 27 October, the world mourned the passing of former Chinese Premier Li Keqiang, a leader who navigated China through a complex period in history, who lost his life to a sudden heart attack in Shanghai, China.

Workshop on Canada-Laos Trade Policy Talks Indo-Pacific Strategy

Participants at the workshop on Canada-Laos Trade Policy. (Photo supplied)

On October 12, Canadian Chargé d’Affaires Bob Paquin and Director General of the Department of Foreign Trade Policy, Ministry of Industry and Commerce, Saysana Sayakone, co-chaired a workshop on Canada-Laos Trade Policy.

The workshop featured presentations by Ottawa-based senior Canadian officials on Canada’s Indo-Pacific Strategy, and an update from both Canada and Laos on the Canada-ASEAN FTA, which is currently being negotiated.

The workshop was moderated by Canadian Chamber of Commerce CEO Kevyn McGraw, and was attended by ministry and private sector representatives. It resulted in a vibrant discussion on Canada and Laos’ trade relationship and much greater understanding on the upcoming benefits of successfully concluded Canada-ASEAN FTA.

Chargé d’Affaires Paquin described the workshop as a “very useful and informative bilateral information sharing session on trade policy, especially with regard to the huge potential to improve trade and investment between Canada and ASEAN, and especially here in Laos.”

The workshop began with a presentation on Canada’s Indo-Pacific Strategy from Canadian Strategy Secretariat Head Christian DesRoches, who attended virtually. DesRoches explained that Canada’s Indo-Pacific Strategy, which was launched in November 2022, presents a comprehensive and integrated set of strategic priorities for the coming decade, spanning defense and security, trade and economic cooperation, people-to-people ties, international assistance, and environment and climate change.

Underpinning this Strategy is the recognition that Canada must expand its presence and strengthen its partnerships in the region. The Strategy has had immediate local impacts for Canada’s mission in Laos, which will be increasing in size with an additional Canadian diplomat arriving in Vientiane this October. Chargé d’Affaires Paquin also underscored that the Canadian Trade Commissioner Service is active across the ASEAN region, including in Laos. The Trade Commissioner Service helps companies navigate the complexities of international markets and make informed business decisions.

This year also saw the creation of a Canadian Chamber of Commerce in Laos. CanCham will work with partners, government agencies and the business community to promote responsible business practices and support sustainable economic growth and shared value for local and Canadian businesses.

Expanding Canada’s regional engagement is a key element of the Indo-Pacific Strategy and is rooted in a commitment to strengthening and diversifying Canada’s regional partnerships, including ASEAN. Canada and ASEAN benefit from decades of trust and engagement in development, security, and trade partnerships, as well as shared histories and cultures.

However, Chargé d’Affaires Paquin also reflected that, despite the Indo-Pacific Strategy and its focus on ASEAN, Canada-Laos bilateral trade was only USD 43 million in 2022, down from a high of USD 50 million in 2019, dropping mostly due to the Covid pandemic. Moreover, with Laos graduating from Least Developed Country status in 2026, Laos will lose some of its comparative advantages as a Canadian trading partner.

To help address trade barriers with Laos, and other ASEAN countries, and offset the impacts of the Covid pandemic and Laos’ graduation among other regional obstacles, Canada and ASEAN launched free trade negotiations in November 2021. The fifth round of negotiations recently concluded.

Paquin explained that success in establishing a mutually beneficial FTA “will bring many benefits to both parties,” such as reducing trade barriers. Laos-Canada trade is expected to increase by at least USD 5 million when the FTA is in place. Attending virtually, Canada’s Deputy Chief Negotiator, Alisha Somerville, reported on the status of negotiations, and described some of the capacity building Canada is planning to provide to the Lao negotiators.

Director General Saysana Sayakone also shared his thoughts on the benefits of an FTA, as well as progress on FTA negotiations. He commented that the Canada-ASEAN FTA would be beneficial for Laos, especially after the country graduates from Least Developed Country Status in 2026. Sayakone also noted that he and his team look forward to participating in FTA negotiations in Canada. Director General Sayakone reflected that the workshop was a useful learning opportunity for ministry staff and expressed his hope that more such workshops will be hosted by Canada in the future.

Laos Considers Raising VAT Rate to Boost Revenue

(Photo from Ministry of Finance)

The Lao Ministry of Finance is considering raising the value-added tax (VAT) rate from 7 to 10 percent in an effort to boost government revenue and support the economy.

IMPORTANT DEADLINE: ROSEN, A RANKED AND LEADING FIRM, Encourages AeroVironment, Inc. Investors to Secure Counsel Before Important October 30 Deadline in Securities Class Action – AVAV

New York, New York – Newsfile Corp. – October 26, 2023 – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of AeroVironment, Inc. (NASDAQ: AVAV) between June 29, 2021 and December 7, 2021, both dates inclusive (the “Class Period”), of the important October 30, 2023 lead plaintiff deadline.

SO WHAT: If you purchased AeroVironment 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 AeroVironment class action, go to https://rosenlegal.com/submit-form/?case_id=18820 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 October 30, 2023. 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, the defendants made false and/or materially misleading statements by creating the false impression that they possessed reliable information pertaining to the Company’s projected growth and record backlog and also minimized any risk from COVID-19 (coronavirus), specifically explaining they were monitoring supply chain issues and affirmed their record backlog would provide a basis for strong growth. However, according to the lawsuit, AeroVironment had been experiencing a decline in sales in all of their core businesses. According to the lawsuit, defendants misled investors by providing the public with materially flawed revenue guidance for fiscal 2022. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the AeroVironment class action, go to https://rosenlegal.com/submit-form/?case_id=18820 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.

ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Kenvue Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action Initiated by the Firm – KVUE

New York, New York – Newsfile Corp. – October 26, 2023 – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Kenvue Inc. (NYSE: KVUE) pursuant and/or traceable to the registration statement and prospectus (collectively, the “Registration Statement”) issued in connection with the Company’s May 2023 initial public offering (“IPO” or the “Offering”), of the important December 8, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Kenvue securities 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 Kenvue class action, go to https://rosenlegal.com/submit-form/?case_id=19241 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 December 8, 2023. 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, the Registration Statement contained false and/or misleading statements and/or failed to disclose that: (1) Kenvue faces potential headwinds as a result of confirmed concerns about the efficacy of phenylephrine (or “PE”) , which it knew or should have known; (2) Kenvue did not discuss risks relating to the efficacy of phenylephrine in its IPO, the utility of which had been questioned since at least 2007; (3) while Kenvue disclosed risks relating to litigation, it did not disclose specific risks relating to potential litigation arising from adverse findings on the efficacy of phenylephrine; and (4) as a result, defendants’ public statements were materially false and misleading at all relevant times and negligently prepared. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Kenvue class action, go to https://rosenlegal.com/submit-form/?case_id=19241 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.