• Cboe will maintain presence in Japan for its Global Derivatives and Cboe Data Vantage businesses

CHICAGO and TOKYO, July 24, 2025 /PRNewswire/ — Cboe Global Markets, Inc. (Cboe: CBOE), the world’s leading derivatives and securities exchange network, today announced its decision to wind down its Japanese equities business, including the operations of its Cboe Japan proprietary trading system and Cboe BIDS Japan block trading platform. Cboe expects to suspend operations for these businesses on August 29, 2025 and formally close the businesses subject to consultation with regulators.

The decision to close this business reflects Cboe’s disciplined strategy to steward resources towards opportunities that deliver the best potential returns for shareholders and was taken in the context of evolving business conditions, which challenged the financial sustainability of maintaining operations of Cboe’s equities business in the country.

“While we have made the strategic decision to exit the Japanese equities business, we remain committed to serving Japan and its financial community by leveraging the strengths of our global derivatives and data capabilities,” said Craig Donohue, CEO at Cboe Global Markets. “As Japanese market participants continue to seek greater access to international markets, Cboe is well-positioned to meet that demand with our high-quality market data and suite of tradable derivatives products. We thank our partners, customers and stakeholders in Japan for their engagement and look forward to delivering value in new ways.”

The company anticipates that the wind down of the Cboe Japan equities operations will have an immaterial impact on Cboe’s organic total net revenue growth and adjusted operating expense guidance in 2025. The company estimates that adjusted expense savings will be in the range of $2 million to $4 million in 2025, with savings expected to be in the $10 million to $12 million range on a normalized annual basis. Cboe will provide more details during its forthcoming second-quarter 2025 earnings call on August 1, 2025. A conference call with remarks by the company’s senior management will begin at 7:30 a.m. CT (8:30 a.m. ET). A live audio webcast for the conference call and the presentation that will be referenced during the call will be available on the Investor Relations section of Cboe’s website at ir.cboe.com under Events.

About Cboe Global Markets
Cboe Global Markets (Cboe: CBOE), the world’s leading derivatives and securities exchange network, delivers cutting-edge trading, clearing and investment solutions to people around the world. Cboe provides trading solutions and products in multiple asset classes, including equities, derivatives and FX, across North America, Europe and Asia Pacific. Above all, we are committed to building a trusted, inclusive global marketplace that enables people to pursue a sustainable financial future. To learn more about the Exchange for the World Stage, visit www.cboe.com.

Cboe® and Cboe Global Markets® are registered trademarks of Cboe Exchange, Inc. All other trademarks and service marks are the property of their respective owners.

Cautionary Statements Regarding Forward-Looking Information

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. You can identify these statements by forward-looking words such as “may,” “might,” “should,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential” or “continue,” and the negative of these terms and other comparable terminology. All statements that reflect our expectations, assumptions or projections about the future other than statements of historical fact are forward-looking statements. These forward-looking statements, which are subject to known and unknown risks, uncertainties and assumptions about us, may include projections of our future financial performance based on our growth strategies and anticipated trends in our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from those expressed or implied by the forward-looking statements.

We operate in a very competitive and rapidly changing environment. New risks and uncertainties emerge from time to time, and it is not possible to predict all risks and uncertainties, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.

Some factors that could cause actual results to differ include: the loss of our right to exclusively list and trade certain index options and futures products; economic, political and market conditions; compliance with legal and regulatory obligations; price competition and consolidation in our industry; decreases in trading or clearing volumes, market data fees or a shift in the mix of products traded on our exchanges; legislative or regulatory changes or changes in tax regimes; our ability to protect our systems and communication networks from security vulnerabilities and breaches; our ability to attract and retain skilled management and other personnel, increasing competition by foreign and domestic entities; our dependence on and exposure to risk from third parties; factors that impact the quality and integrity of our and other applicable indices; our ability to manage our global operations, growth, and strategic acquisitions or alliances effectively; increases in the cost of the products and services we use; our ability to operate our business without violating the intellectual property rights of others and the costs associated with protecting our intellectual property rights; our ability to minimize the risks, including our credit, counterparty investment, and default risks, associated with operating our clearinghouses; our ability to accommodate trading and clearing volume and transaction traffic, including significant increases, without failure or degradation of performance of our systems; misconduct by those who use our markets or our products or for whom we clear transactions; challenges to our use of open source software code; our ability to meet our compliance obligations, including managing our business interests and our regulatory responsibilities; the loss of key customers or a significant reduction in trading or clearing volumes by key customers; our ability to maintain BIDS Trading as an independently managed and operated trading venue, separate from and not integrated with our registered national securities exchanges; damage to our reputation; the ability of our compliance and risk management methods to effectively monitor and manage our risks; restrictions imposed by our debt obligations and our ability to make payments on or refinance our debt obligations; our ability to maintain an investment grade credit rating; impairment of our goodwill, long-lived assets, investments or intangible assets; the accuracy of our estimates and expectations; and litigation risks and other liabilities. More detailed information about factors that may affect our actual results to differ may be found in our filings with the SEC, including in our Annual Report on Form 10-K for the year ended December 31, 2024 and other filings made from time to time with the SEC.

We do not undertake, and we expressly disclaim, any duty to update any forward-looking statement whether as a result of new information, future events or otherwise, except as required by law. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.

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• Cboe will maintain presence in Japan for its Global Derivatives and Cboe Data Vantage businesses

CHICAGO and TOKYO, July 24, 2025 /PRNewswire/ — Cboe Global Markets, Inc. (Cboe: CBOE), the world’s leading derivatives and securities exchange network, today announced its decision to wind down its Japanese equities business, including the operations of its Cboe Japan proprietary trading system and Cboe BIDS Japan block trading platform. Cboe expects to suspend operations for these businesses on August 29, 2025 and formally close the businesses subject to consultation with regulators.

The decision to close this business reflects Cboe’s disciplined strategy to steward resources towards opportunities that deliver the best potential returns for shareholders and was taken in the context of evolving business conditions, which challenged the financial sustainability of maintaining operations of Cboe’s equities business in the country.

“While we have made the strategic decision to exit the Japanese equities business, we remain committed to serving Japan and its financial community by leveraging the strengths of our global derivatives and data capabilities,” said Craig Donohue, CEO at Cboe Global Markets. “As Japanese market participants continue to seek greater access to international markets, Cboe is well-positioned to meet that demand with our high-quality market data and suite of tradable derivatives products. We thank our partners, customers and stakeholders in Japan for their engagement and look forward to delivering value in new ways.”

The company anticipates that the wind down of the Cboe Japan equities operations will have an immaterial impact on Cboe’s organic total net revenue growth and adjusted operating expense guidance in 2025. The company estimates that adjusted expense savings will be in the range of $2 million to $4 million in 2025, with savings expected to be in the $10 million to $12 million range on a normalized annual basis. Cboe will provide more details during its forthcoming second-quarter 2025 earnings call on August 1, 2025. A conference call with remarks by the company’s senior management will begin at 7:30 a.m. CT (8:30 a.m. ET). A live audio webcast for the conference call and the presentation that will be referenced during the call will be available on the Investor Relations section of Cboe’s website at ir.cboe.com under Events.

About Cboe Global Markets
Cboe Global Markets (Cboe: CBOE), the world’s leading derivatives and securities exchange network, delivers cutting-edge trading, clearing and investment solutions to people around the world. Cboe provides trading solutions and products in multiple asset classes, including equities, derivatives and FX, across North America, Europe and Asia Pacific. Above all, we are committed to building a trusted, inclusive global marketplace that enables people to pursue a sustainable financial future. To learn more about the Exchange for the World Stage, visit www.cboe.com.

Cboe® and Cboe Global Markets® are registered trademarks of Cboe Exchange, Inc. All other trademarks and service marks are the property of their respective owners.

Cautionary Statements Regarding Forward-Looking Information

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. You can identify these statements by forward-looking words such as “may,” “might,” “should,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential” or “continue,” and the negative of these terms and other comparable terminology. All statements that reflect our expectations, assumptions or projections about the future other than statements of historical fact are forward-looking statements. These forward-looking statements, which are subject to known and unknown risks, uncertainties and assumptions about us, may include projections of our future financial performance based on our growth strategies and anticipated trends in our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from those expressed or implied by the forward-looking statements.

We operate in a very competitive and rapidly changing environment. New risks and uncertainties emerge from time to time, and it is not possible to predict all risks and uncertainties, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.

Some factors that could cause actual results to differ include: the loss of our right to exclusively list and trade certain index options and futures products; economic, political and market conditions; compliance with legal and regulatory obligations; price competition and consolidation in our industry; decreases in trading or clearing volumes, market data fees or a shift in the mix of products traded on our exchanges; legislative or regulatory changes or changes in tax regimes; our ability to protect our systems and communication networks from security vulnerabilities and breaches; our ability to attract and retain skilled management and other personnel, increasing competition by foreign and domestic entities; our dependence on and exposure to risk from third parties; factors that impact the quality and integrity of our and other applicable indices; our ability to manage our global operations, growth, and strategic acquisitions or alliances effectively; increases in the cost of the products and services we use; our ability to operate our business without violating the intellectual property rights of others and the costs associated with protecting our intellectual property rights; our ability to minimize the risks, including our credit, counterparty investment, and default risks, associated with operating our clearinghouses; our ability to accommodate trading and clearing volume and transaction traffic, including significant increases, without failure or degradation of performance of our systems; misconduct by those who use our markets or our products or for whom we clear transactions; challenges to our use of open source software code; our ability to meet our compliance obligations, including managing our business interests and our regulatory responsibilities; the loss of key customers or a significant reduction in trading or clearing volumes by key customers; our ability to maintain BIDS Trading as an independently managed and operated trading venue, separate from and not integrated with our registered national securities exchanges; damage to our reputation; the ability of our compliance and risk management methods to effectively monitor and manage our risks; restrictions imposed by our debt obligations and our ability to make payments on or refinance our debt obligations; our ability to maintain an investment grade credit rating; impairment of our goodwill, long-lived assets, investments or intangible assets; the accuracy of our estimates and expectations; and litigation risks and other liabilities. More detailed information about factors that may affect our actual results to differ may be found in our filings with the SEC, including in our Annual Report on Form 10-K for the year ended December 31, 2024 and other filings made from time to time with the SEC.

We do not undertake, and we expressly disclaim, any duty to update any forward-looking statement whether as a result of new information, future events or otherwise, except as required by law. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.

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BUDAPEST, Hungary, July 24, 2025 /PRNewswire/ — On 17 July 2025, Tulip Innovation won another injunction in German litigation concerning battery electrode and separator technology against the China based Sunwoda Group of companies. The decision issued by the Munich District Court’s 7th division adds a third injunction against the Sunwoda Group to two previous injunctions in Germany that were awarded to Tulip by the court in separate cases on 22 May 2025.  Tulip is the licensing agent for a portfolio of over 5,000 patents owned by LG Energy Solution and Panasonic Energy, and was represented by Hogan Lovells.

The most recent decision arose from Tulip’s action against Sunwoda Electronic, Sunwoda Mobility Energy Technology and their German affiliates Sunwoda Europe and Sunwoda Electric Vehicle Battery Germany based on the German part of the European Patent EP 2 378 595 B1. The oral hearing took place on 3 July 2025. The decision in favour of Tulip was handed down two weeks after the hearing, on 17 July 2025, granting Tulip the requested injunctive relief against the batteries at issue. Tulip’s requests for additional relief were also granted, including obligations for Sunwoda to recall and destroy any remaining batteries in its direct or indirect possession, pay damages to Tulip in principle, and provide detailed accounting information to enable Tulip to calculate its damages claim.

The new injunction underscores the strength and breadth of the battery patent portfolio licensed by Tulip, and confirms that battery manufacturers implementing technology covered by the portfolio will face substantial burdens in litigation if they choose to operate without a license.

Giustino de Sanctis, CEO of Tulip, noted: “This decision reinforces the value of Tulip’s program and demonstrates our commitment to upholding fair and competitive market conditions in the battery industry. Tulip looks forward to discussing broad licenses under the portfolio with all companies active in lithium-ion battery manufacturing.” Andreas von Falck, Hogan Lovells Partner, added: “We are very pleased with this confirmation of the strength of Tulip’s patent position by the Munich District Court. The patent in this case has a maximum term of 21 December 2029. The decision is well reasoned and we are confident that the decision will stand on appeal.”

The patent asserted relates to the combination of electrodes and a battery separator, an important element for the safety and performance of a car battery. The batteries at issue in the case are specific models used in the Dacia Spring but the patent is applicable to any battery model to the extent that it makes use of the patented technology.

The decision is immediately enforceable against the provision of security but remains subject to appeal by Sunwoda, and Sunwoda has filed a separate nullity action relating to the patent that is pending.

Tulip is represented in the proceedings by a Hogan Lovells team including Dr. Andreas von Falck, Dr. Alexander Klicznik, Dr. Roman Würtenberger, Dr. Markus Kuczera, Lea Gröblinghoff, Dr. Michael Plagge and Dr. Yun-Suk Jang. Sunwoda is represented by A&O Shearman.

About Tulip Innovation

Tulip Innovation Kft. is an independent company founded to establish and manage the lithium-ion battery licensing program.  Based in Hungary, the hub of European battery manufacturing, Tulip’s mission is to collaborate with companies implementing Li-ion battery technology to ensure that their manufacturing operations have access to Tulip’s robust IP portfolio.  Led by a team of licensing professionals with decades of experience, Tulip has a unique combination of strong industry connections and expertise in negotiating and administering patent licenses.  Additional information is available at www.tulipinnovation.com 

Contact:   Sandro Spina – spinas@tulipinnovation.com 

LOS ANGELES, July 24, 2025 /PRNewswire/ — RingConn, a leading smart ring innovator, has officially launched its flagship Gen 2 Smart Ring and accessories on Walmart.com, marking a significant milestone in its U.S. retail expansion. This partnership with Walmart, the nation’s largest retailer, enhances RingConn’s mission to make advanced health technology more accessible to everyday consumers.

As one of the fastest-growing categories in consumer technology, smart wearable devices have become a key area of investment for Walmart, supporting improvements in employee safety, warehouse efficiency, and customer service. In response to the rising demand for personalized, preventive health tools, Walmart has steadily expanded its health-focused wearable offerings this year, adding new-generation devices and advanced sleep tracking wearables. The arrival of RingConn marks a significant step in Walmart’s ongoing product diversification strategy—moving beyond traditional wrist-worn formats to offer customers a more compact, discreet, and medically insightful solution.

Leveraging its leading technology and innovative design, RingConn has quickly established itself as a benchmark brand in the smart ring segment. Unique features such as advanced sleep tracking, an integrated AI health partner, and ultra-lightweight craftsmanship have earned it recognition from over 200,000 users worldwide. The United States—one of the most mature health tech markets, where consumers value data privacy and proactive health management—has long been a core focus for RingConn. The brand has seen rapid growth in the U.S., becoming a trusted name in smart rings. With its launch on Walmart.com, RingConn will leverage Walmart’s scale to reach a broad, diverse consumer base and accelerate its North American expansion.

The RingConn Gen 2 Smart Ring, now available at walmart.com, was launched in late 2024 and broke a Kickstarter category record with $4.4 million in crowdfunding. It’s the world’s first smart ring to offer sleep apnea monitoring. Besides, Gen 2 holds several technical distinctions:

• Lightest available model at 2-3 grams, and thinnest profile in its category at 2mm
• Extended battery life of 10-12 days
• Cross-platform compatibility (Android/iOS) with no subscription fees
• Advanced menstrual cycle monitoring feature

To ensure optimal customer experience, Walmart consumers can first order a sizing kit to determine their perfect fit before purchasing the smart ring. This partnership with Walmart marks an important step in RingConn’s mission to make smart, approachable health technology available to consumers.

About RingConn

Established in 2021, RingConn is a leading personal health technology company dedicated to creating innovative products and services that transform the experience of maintaining personal wellness. Guided by the principle of “Hardware + Software + Services,” RingConn aims to provide unique products and services for people’s health.