NEW YORK, Feb. 7, 2025 /PRNewswire/ — SunCar Technology Group Inc. (“SunCar” or the “Company”) (Nasdaq: SDA), an innovative leader in cloud-based B2B auto services and auto e-insurance in China, today announced that its board of directors has authorized a share repurchase program to buy back up to $30 million of its outstanding Class A ordinary shares. This program reflects the Company’s confidence in its long-term growth prospects.

The share repurchase program is expected for the next 12 months. The Company intends to fund the repurchases through a combination of cash on hand and cash generated from operations.

Mr. Zaichang Ye, Chairman and Chief Executive Officer of SunCar commented, “this stock repurchase program demonstrates the management’s confidence in the outlook for our business. The board of directors and management team believe that the Company’s continued effort to keep our position as a leading cloud-based provider of digitalized enterprise auto services and auto eInsurance service in China in the market will deliver the best value to our shareholders.”

The Company may repurchase shares of its Class A ordinary shares from time to time on the open market or in privately negotiated transactions, or otherwise in accordance with applicable federal securities laws, including Rule 10b5-1 and Rule 10b-18 of the Securities Exchange Act of 1934. The timing and actual number of shares repurchased will depend on a variety of factors including regulatory restrictions on price, manner, timing, and volume, corporate and other regulatory requirements and other market conditions in an effort to minimize the impact of the purchases on the market for the stock.

About SunCar Technology Group Inc.

Founded in 2007, SunCar is transforming the customer journey for auto services and auto insurance in China, the largest passenger vehicle market in the world. SunCar develops and operates cloud-based platforms that seamlessly connect drivers with a wide range of auto services and insurance coverage options through a nationwide network of sales partners. As a result, SunCar has established itself as the leader in China in the B2B auto services market and the auto eInsurance market for electric vehicles. SunCar’s intelligent cloud platform empowers its enterprise clients to access and manage their customer database and offerings optimally, and drivers gain access to hundreds of services from tens of thousands of independent providers in a single application. For more information, please visit: https://suncartech.com.

Cautionary Language Concerning Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding SunCar’s expectations regarding the consummation of the offering, the anticipated use of the net proceeds of the offering and the satisfaction of customary closing conditions with respect to the offering. In addition, any statements that refer to projections, forecasts, or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that statement is not forward looking.

Forward-looking statements are based on current expectations and assumptions that, while considered reasonable by SunCar and its management, as the case may be, are inherently uncertain. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. Actual results could differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties, which include, without limitation, the risk that the offering will not be consummated; the impact of general economic, health, industrial or political conditions in the United States or internationally; and other risks and uncertainties identified in SunCar’s Annual Report on Form 20-F for the fiscal year ended December 31, 2023, as well as other filings and reports that are filed by SunCar from time to time with the SEC.

Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements in this press release, which speak only as of the date they are made and are qualified in their entirety by reference to the cautionary statements herein. SunCar does not undertake or accept any duty to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or in the events, conditions or circumstances on which any such statement is based.

Contact Information:

SunCar:

Investor Relations: Ms. Hui Jiang
Email: IR@suncartech.com
Legal: Ms. Li Chen
Email: chenli@suncartech.com

U.S. Investor Relations:

Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email: matthew@strategic-ir.com

Announces NYFW Runway Show and Launch of Luxury Handbag and Accessories

NEW YORK, Feb. 7, 2025 /PRNewswire/ — Grey/Ven, the renowned purveyor of quiet luxury, proudly announces the appointment of CFDA-recognized designer Ilana Kugel as the Creative Director for its women’s collection. The announcement comes as the brand prepares for its New York Fashion Week runway show in February and unveils plans for its first luxury handbag collection, alongside Kugel’s inaugural collection for the brand, titled “The Journey” FW 25.

Grey/Ven Creative Director for Womenswear CFDA-recognized Ilana Kugel

Kugel is known for her work with Koral swimwear and as the first athleisure designer inducted into the Council of Fashion Designers of America (CFDA). She has helped support two collections for the brand in the past, one for resort that premiered at September’s New York Fashion Week and a pre fall collection. She is excited to now present her first major collection for the brand, set to have its moment in the luxury space.

“Ilana Kugel’s appointment marks a significant milestone for Grey/Ven,” said Scott Weissman, CEO. “As Creative Director for our women’s collection, her expertise in contemporary fashion will bring a fresh perspective to our designs. I am also thrilled to have her lead the creative direction of our expanding range of luxury handbags and accessories, further shaping the future of Grey/Ven.”

Kugel’s Grey/Ven collection “The Journey” represents a profound exploration of original style, characterized by a distinctive aesthetic inspired by the serene beauty of a desert sunset. The collection features a range of sweaters, dresses, and lightweight layering pieces that embody a sense of effortless sophistication. Each piece reflects a harmonious blend of textures and colors, including monochromatic layers softened by sheer merino wool and ethereal silk accents. The collection’s design, imbued with earthy hues and a luxurious, suede-like finish, captures the mystic allure of the wanderlust spirit.

“I am excited to introduce ‘The Journey’ with Grey/Ven,” said Ilana Kugel. “This collection reflects a minimalist aesthetic designed to endure and will resonate for years to come. I am honored to collaborate with a brand so dedicated to the future of design.”

To debut the FW 25 line as announced in the CFDA Fashion Calendar, Grey/Ven will host a runway show during New York Fashion Week on February 7th, 2025 at Casa Cipriani. The show will also mark an exciting expansion for the brand with the introduction of Grey/Ven’s first luxury leather goods collection. Each piece is designed to complement the ready-to-wear collection while standing as a testament to Grey/Ven’s dedication to exceptional craftsmanship and timeless design.

The Resort collection will be available to shop in stores and online in the coming weeks, while ‘The Journey’ FW 25 collection and luxury leather goods will launch Fall 2025. For collection updates, visit greyven.com and follow @greyven.ltd on Instagram.

MEDIA CONTACTS:
Sabrina Levine Communications
Sabrina Levine | sabrina@sabrinalevinepr.com | (917) 769-4434
Nicole Waldman, nicole@sabrinalevinepr.com | (805) 404-8152

About Ilana Kugel
Ilana was born and raised in Rio de Janeiro. Her designs are inspired by her Brazilian roots and a way of life centered around happiness, health, and wellness. She is the first athleisure designer to be inducted into the Council of Fashion Designers of America (CFDA) for playing an instrumental role in advancing aesthetics, design, and fabric technology.

About Grey/Ven
Grey/Ven is a quiet luxury brand whose vision is to create a one-of-a-kind tonal and monochromatic wardrobe for both women and men. Their timeless and elevated essentials are designed to enhance your confidence, focusing on elegance, comfort and modernism. All their creations are meant to accompany you from day to night, from work to play, from weekdays to weekends. Their palettes incorporate sumptuous neutrals and bold seasonal colors which are treated as capsule collections to offer complete outfits for effortless styling. Grey/Ven invites you to experience everyday luxury in their clothes crafted from all-natural fabrics with a deep commitment to sustainability and ethical production. Their new showroom will be opening in NYC this summer, along with their first ever brick and mortar Flagship store in East Hampton this summer.

NEW YORK, Feb. 7, 2025 /PRNewswire/ — The New York Stock Exchange (NYSE) is proud to offer a daily pre-market update directly from the NYSE Trading Floor. Access today’s NYSE Pre-market update for market insights before trading begins. 

Trinity Chavez delivers the pre-market update on February 7th

• Investors anticipate impact of Jobs Data
• Markets shift focus to inflation and retail sales data
• Amazon reports mixed earnings Thursday evening

Watch NYSE TV Live every weekday 9:00-10:00am ET 

WEST PALM BEACH, Fla., Feb. 7, 2025 /PRNewswire/ — Elliott Investment Management L.P. (“Elliott”), which manages funds that together have an investment of more than $1.5 billion in Aspen Technology, Inc. (NASDAQ: AZPN) (the “Company” or “AspenTech”), today issued the following statement regarding the Company’s recently announced agreement with Emerson Electric Co. (NYSE: EMR) (“Emerson”):

“As the largest minority investor in AspenTech, we disagree with the Company’s decision to support a $265.00 per share tender offer by its majority stockholder, Emerson, to acquire the AspenTech shares it does not already own. Emerson’s offer is highly opportunistic and substantially undervalues the Company. Elliott has no intention of tendering its shares at the current price.”

About Elliott

Elliott Investment Management L.P. (together with its affiliates, “Elliott”) manages approximately $69.7 billion of assets as of June 30, 2024. Founded in 1977, it is one of the oldest funds under continuous management. The Elliott funds’ investors include pension plans, sovereign wealth funds, endowments, foundations, funds-of-funds, high net worth individuals and families, and employees of the firm.

Media Contact

Alice Best
Elliott Advisors (UK) Limited
T: +44 203 009 1715
abest@elliottadvisors.co.uk

HONG KONG, Feb. 7, 2025 /PRNewswire/ — CLPS Incorporation (the “Company” or “CLPS”) (Nasdaq: CLPS), today announced the launch of Nibot, a new generation of Robotic Process Automation (RPA) product developed by its wholly owned subsidiary, CLPS Technology (Singapore) Pte. Ltd. This powerful and cost-effective solution offers broad applicability and will primarily target international market and Hong Kong market.

Nibot is built upon CLPS’s years of technological expertise in RPA, offering comprehensive functionality and outstanding performance. It automates business processes, ensures seamless interaction between multiple applications, and integrates effortlessly with third-party systems. Its intelligent task scheduling system flexibly allocates tasks, and through robot cluster management, facilitates multi-robot intelligent collaboration and dynamic resource scheduling. This ensures the efficient resource utilization and further enhances overall automation effectiveness. With end-to-end encryption, role-based access control, and comprehensive audit logs, it complies with international data security and compliance standards.

Looking ahead, Nibot will further integrate with AI, enabling intelligent decision support through data analysis and predictive modeling. This will assist businesses in making informed decisions, analyzing business process bottlenecks, and implementing improvements.

Nibot distinguishes itself from other international RPA products with an advanced visual process designer, enabling rapid construction of complex automation workflows through drag-and-drop functionality and a pre-built template library. This streamlined approach reduces the learning curve and accelerates deployment. Its innovative scenario-based delivery model maximizes cost-effectiveness. Nibot’s versatility extends across diverse sectors, including finance, e-commerce, logistics, healthcare, and manufacturing, where it significantly enhances information processing efficiency and optimizes process management.

Since 2018, CLPS has been dedicated to developing enterprise digital solutions, including RPA. Following years of research, business development, and internal trials, CLPS launched RPA solutions in 2021, successfully implementing projects for clients across industries and scenarios, encompassing finance, business operations, recruitment, administration, credit, procurement, logistics, and data handling. In 2025, CLPS is focusing on five key innovation engines: AI, low-code platform, RPA, cloud computing, and big data. Nibot, a key advancement in its RPA offerings, has already earned recognition from numerous domestic and international clients in financial sector.

Mr. Srustijeet Mishra, Chief Executive Officer of CLPS SEA & USA, said: “By integrating advanced automation technology, our product can seamlessly integrate with various systems, automate the handling of tedious daily business processes, and help clients realize the true value of digital transformation.”

Mr. Raymond Lin, Chief Executive Officer of CLPS, stated, “Nibot is the result of our continuous investment and development in RPA. Its development was benchmarked against globally renowned RPA products. In the multibillion-dollar global RPA market demand, we will pursue a strategy of offering high-performance, cost-effective solutions to compete. We believe Nibot’s launch will allow more global users to benefit from its significant cost advantages, further enhancing CLPS’s market influence and driving new business growth.”

About CLPS Incorporation

Headquartered in Hong Kong, CLPS Incorporation is a leading global information technology (“IT”) consulting and solutions service provider, primarily focused on serving global institutions in the banking, wealth management, e-commerce, and automotive sectors. As an IT services provider for a growing network of clients within the fintech and financial services industry, CLPS has expanded its business beyond core IT services, venturing into the loan, e-commerce, academic education, and tourism sectors. Through its diversified offerings, CLPS is committed to providing comprehensive services and solutions for its clients. The Company maintains 19 delivery and/or research & development centers to serve different customers in various geographic locations. Mainland China centers are located in Shanghai, Beijing, Dalian, Tianjin, Xi’an, Chengdu, Guangzhou, Shenzhen, Hangzhou, and Hainan. The remaining 9 global centers are located in Hong Kong SAR, USA, Japan, Singapore, Malaysia, India, Philippines, Canada, and UAE. For further information regarding the Company, please visit: https://ir.clpsglobal.com/, or follow CLPS on Facebook, Instagram, LinkedIn, X (formerly Twitter), and YouTube.

Forward-Looking Statements

Certain of the statements made in this press release are “forward-looking statements” within the meaning and protections of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include statements with respect to the Company’s beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance. Known and unknown risks, uncertainties and other factors, which may be beyond the Company’s control, may cause the actual results and performance of the Company to be materially different from such forward-looking statements. All such statements attributable to us are expressly qualified in their entirety by this cautionary notice, including, without limitation, those risks and uncertainties related to the Company’s expectations of the Company’s future growth, performance and results of operations, the Company’s ability to capitalize on various commercial, M&A, technology and other related opportunities and initiatives, as well as the risks and uncertainties described in the Company’s most recently filed SEC reports and filings. Such reports are available upon request from the Company, or from the Securities and Exchange Commission, including through the SEC’s Internet website at http://www.sec.gov. We have no obligation and do not undertake to update, revise or correct any of the forward-looking statements after the date hereof, or after the respective dates on which any such statements otherwise are made.

Contact:

CLPS Incorporation
Rhon Galicha
Investor Relations Office
Phone: +86-182-2192-5378
Email: ir@clpsglobal.com

CULVER CITY, Calif., Feb. 7, 2025 /PRNewswire/ — Snail, Inc. (Nasdaq: SNAL) (“Snail Games” or the “Company”), a leading global independent developer and publisher of interactive digital entertainment, Snail Games is thrilled to announce its presence at the 2025 Game Developers Conference (GDC), with an extensive lineup of exciting updates, first-look reveals, and new partnerships to highlight their growth strategy.

GDC Highlights Include:

Major Updates for ARK: Fans of the ARK franchise can look forward to groundbreaking new content announcements as Snail Games expands on this iconic series’ legacy.

Bellwright Breakthroughs: Discover the next steps in the evolution of Bellwright, as they reveal their roadmap towards 1.0 and expand to new platforms.

Unannounced Title: Snail Games USA set to give a first look at a new game being developed in house, at GDC.

Showcasing New Partnerships: For the first time in person, Snail Games will spotlight collaborations with new partners on Echoes of Elysium, Robots at Midnight, and Honeycomb: The World Beyond, setting the stage for an exciting future together.

For The Stars: Attendees will get exclusive insight at For The Stars, Snail Games open-world sandbox survival MMO focused on exploration, scientific discovery, and ingenuity directly from the developers themselves.

A Vision for Growth

GDC 2025 also offers an opportunity to highlight Snail Games’ broader vision for the future, including our ongoing growth strategy, commitment to fostering innovation, and expanded partnerships. Senior executives will be available to discuss the company’s trajectory, market performance, and the evolving role of Snail Games within the global gaming industry.

Meet Snail Games at GDC 2025

Snail Games will be located at Booth #S1149 offering press attendees a chance to connect with our team and dive deeper into Snail’s projects. For additional details, interviews, and opportunities to learn more about our projects and strategy, reach out to press@snailgamesusa.com

For creators interested in collaborative opportunities, please reach out to creatordirect@noiz.gg

About Snail Games

Snail Games is a leading global developer and publisher, known for delivering innovative, immersive gaming experiences across a range of genres and platforms. With a legacy of technological innovation and a focus on community engagement, Snail Games is shaping the future of interactive entertainment.

Forward-Looking Statements

This press release contains statements that constitute forward-looking statements. Many of the forward-looking statements contained in this press release can be identified by the use of forward-looking words such as “anticipate,” “believe,” “could,” “expect,” “should,” “plan,” “intend,” “may,” “predict,” “continue,” “estimate” and “potential,” or the negative of these terms or other similar expressions. Forward-looking statements appear in a number of places in this press release and include, but are not limited to, statements regarding Snail’s presence at the 2025 Game Developers Conference (GDC), which will include an extensive lineup of exciting updates, including groundbreaking new content announcements, first-look reveals, including a first look at a new game being developed in house, at GDC, and new partnerships to highlight Snail’s growth strategy. You should carefully consider the risks and uncertainties described in the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023, which was filed by the Company with the SEC on April 1, 2024 and other documents filed by the Company from time to time with the SEC, including the Company’s Forms 10-Q filed with the SEC. The Company does not undertake or accept any obligation to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based.

Contacts:
Investors:
investors@snail.com
Press:
media@snail.com

SEOUL, South Korea, Feb. 7, 2025 /PRNewswire/ — On the 5th, LG AI Research signed a joint research agreement at the Global Lounge of LG Science Park in Magok, Gangseo-gu, Seoul, with Prof. Min-Kyung Baek from the school of Biological Sciences at Seoul National University to develop a “next-generation protein structure prediction AI.”

Proteins are key biomolecular substances involved in all activities of the human body. To create a “digital cell map” that can be used throughout the entire process of identifying disease causes and accelerating new drugs and treatments discovery technology for predicting protein structures is essential.

Global tech giants are advancing their protein prediction AI technologies, but they are still focused on predicting and designing single protein structures. Predicting “multistate” protein structures which exist in various forms in the human body due to environmental and chemical changes remains a challenge.

Prof. Min-Kyung Baek, a world-renowned expert in protein structure prediction, co-developed “RoseTTAFold” alongside Prof. David Baker from the University of Washington, who was awarded last year’s Nobel Prize in Chemistry for his AI-based research.

In collaboration with Prof. Min-Kyung Baek’s research team, LG AI Research aims to develop an AI model for protein multistate structure prediction by the end of the year, addressing current technological limitations. This breakthrough is expected to provide deeper insights into biological processes and accelerate drug development. 

“While AI is a powerful tool for predicting protein structures, its underlying principles are still not fully understood,” said Prof. Min-Kyung Baek. “Through our joint research with LG AI Research, we aim to push protein structure prediction to a new level—one that incorporates verification and experimentation.”

Soonyoung Lee, Bio Intelligence Lab Leader at LG AI Research, added, “The complexity of protein structures is at the heart of incurable diseases like Alzheimer’s, and unraveling them is a highly challenging task. By developing AI for protein multistate structure prediction, we expect to achieve breakthroughs in understanding disease mechanisms and developing new treatments—much like unlocking a lock.”

Meanwhile, LG expects that this joint research will further accelerate the discovery of Alzheimer’s factors and the development of new drugs, which are currently being conducted in collaboration with The Jackson Laboratory (JAX), a U.S.-based nonprofit genomics research organization.

Since early last year, LG AI Research has been collaborating with The Jackson Laboratory to develop predictive AI technologies for diagnosing and treating Alzheimer’s and cancer.

Koo Kwang-mo, Chairman and CEO of LG Group, stated in his 2025 new year address, ” Through healthcare solutions and innovative new medicines, we aim to help people spend more time with loved ones,” expressing his commitment to fostering the biology business as one of LG’s future growth drivers.

LG expects this collaboration to be a significant milestone in achieving results from the convergence of AI and Biology, which are part of its future growth drivers, ABC (AI, Bio, Cleantech).

For more information, visit https://www.lgresearch.ai/news/view?seq=524

About LG Group

LG Group is a leading global company representing South Korea, offering innovative products and services across various industries such as electronics, chemicals, telecommunications, and energy. Established in 1947, LG Group has grown into a world-renowned brand through its activities in these diverse fields. The company is committed to continuous research and development, focusing on innovation to enhance the quality of life for its customers. Emphasizing its role as a socially responsible enterprise, LG Group is striving to strengthen its competitiveness in the global market and achieve sustainable growth through its future portfolio in areas like AI, Bio, and Cleantech. The company is dedicated to realizing its vision of being a business that provides value to customers and society, pursuing this mission with unwavering determination. For more information, visit https://www.lgcorp.com

About LG AI Research

Launched in December 2020 as the artificial intelligence (AI) research hub of South Korea’s LG Group, LG AI Research aims to lead the next epoch of artificial intelligence (AI) to realize a promising future by providing optimal research environments and leveraging state-of-the-art AI technologies. And LG AI Research developed its large-scale AI, EXAONE, a 300 billion parametric multimodal AI model, in 2021. EXAONE, which stands for “Expert AI for Everyone,” is a multi-modal large-scale AI model that stands out from its peers due to its ability to process both language and visual data. With one of the world’s largest learning data capacities, LG AI Research aims to engineer better business decisions through its state-of-the-art artificial intelligence technologies and its continuous effort on fundamental AI research. For more information, visit https://www.lgresearch.ai/.