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Silkland Launches First 6.6 Feet VESA-Certified 80Gbps DisplayPort 2.1 Cable on Amazon

–       It is searchable on displayport.org (search for Cables Silkland  S1334).

NEW YORK, Jan. 25, 2025 /PRNewswire/ — Silkland, a tech brand specializing in cables and accessories, has announced the launch of its new 80Gbps DisplayPort 2.1 cable( Model Number: S1334 ). As the first 6.6 feet VESA-certified cable available on Amazon, the cable is designed to enhance both visual and audio experiences, catering specifically to the needs of high-end gamers and professionals.

The 6.6 feet VESA Certified 80Gbps DisplayPort 2.1 Cable offers an impressive 80Gbps bandwidth, supporting ultra-high resolutions and refresh rate like 16K@60Hz, 8K@240Hz, 4K@960Hz with DSC, and uncompressed 8K@60Hz, 4K@240Hz, 2K@540Hz. Compatible with UHBR 20, dynamic HDR10+, 3D, and HDCP 2.3, this cable ensures exceptional visual quality. Additionally, it offers backward compatibility with DP 1.4 and DP 1.2.

Designed for gaming enthusiasts, this cable incorporates multiple advanced technologies to ensure stable data transfer and smooth visuals without lag, tearing, or flickering. The MST technology enables multi-monitor setups, supporting dual 4K@240Hz and triple 4K@144Hz, expanding the gaming environment. Dynamic HDR improves dark scenes, while 32-bit audio and lossless surround sound deliver an immersive experience.

Moreover, the cable offers wide compatibility with devices featuring DP ports, including popular DP 2.1 gaming monitors such as Odyssey G8/G9, ROG Swift and Acer, as well as the latest graphics cards like RTX 5090D, 5080, 5070 Ti, 5070 and AMD 7900 XTX.

The 10 feet Silkland 54Gbps DisplayPort 2.1 Cable has also been added to the list of VESA-certified products recently( Model Number: S1318 ). This is the longest Certified dp 2.1 cable on Amazon.

With the introduction of its new certified cables, Silkland is dedicated to creating top-quality cables and providing outstanding customer service. The brand offers a 24-month warranty and quick technical support to resolve any issues.

About Silkland

Founded in 2019, Silkland integrates design, R&D, and sales, specializing in high-end cable development. With a focus on cutting-edge technology products, it leads the high-end cable market across the US, Europe, Japan. As a member of VESA and USB-IF, Silkland has demonstrated its commitment to quality and innovation by developing certified 80Gbps DP 2.1 Cable, 80Gbps USB 4 Cable, and Thunderbolt 5 Cable.

TikTok: https://www.tiktok.com/@silkland_official

YouTube: https://www.youtube.com/channel/UCsiWyZZJFoDLRGvfs0ETNqw

CASEKOO: Ralph Ye, a Founder Story

LOS ANGELES, Jan. 25, 2025 /PRNewswire/ — I want our case to be more than just a case. I hope to integrate an emotional connection into every texture and design detail of the product, respecting and encouraging the unique self-expression of each user, while offering a wide range of styles and customization options.

In 2017, Ralph, an entrepreneur in his forties, faced a simple but frustrating problem: his phone wouldn’t stay upright while he tried to watch a video during his meal. Knowing there had to be a solution to this common inconvenience, Ralph began sketching his concept for a phone case with a built-in ring stand on a napkin. This moment sparked a wave of inspiration that led to the creation of CASEKOO. That same year, Ralph launched his first product: a crystal-clear phone case crafted from TPU and designed for everyday use. Although the initial case wasn’t advanced enough to include kickstand technology, Ralph branded it as ‘The Q Line,’ Promising their premium quality and engineering precision.

Over the next four years, Ralph remained resolute in his quest to redefine phone stability. Through meticulous design iterations and countless trials with his engineering team, he unveiled a groundbreaking innovation in 2021: the world’s first phone case with an integrated ring stand, offering a revolutionary solution to the persistent issue of unstable phone placement. He named the series “The E Line,” merging smart, innovative ideas with exquisite designs that have reshaped the evolution of mobile technology. The design quickly garnered widespread attention for its user-friendly functionality, earning multiple IF Design Awards and quickly becoming one of the bestsellers on Amazon.

Last year, dissatisfied with the status quo, Ralph launched the “X Line,” a new product series that builds on the foundation of the E Line and Q Line, while introducing personalization and specialty. Designed to be unique and one of a kind, the X Line aims to inspire users to transcend the limits of imagination, offering them a chance to express themselves through its distinctive designs. Each case embodies Ralph’s unwavering belief that life’s small frustrations can be transformed into moments of brilliance.

Now, in 2025, what began as a solution to a small, everyday issue has grown into a larger mission: to redefine the world of phone accessories and become a symbol of emotional support and personal expression in the absurdities of everyday life. With a design philosophy rooted in creativity, fantasy, and practicality, Ralph continuously strengthens his emotional connection with users and emphasizes that each CASEKOO product offers more than just protection—they offer an experience. Each product is not just a phone case; it’s a canvas for self-expression and individuality.

MicroCloud Hologram Inc. Explored the Combination of Detection Fields and Quantum Trajectories, Achieving In-depth Exploration and Accurate Measurement of Quantum Systems

SHENZHEN, China, Jan. 24, 2025 /PRNewswire/ — MicroCloud Hologram Inc. (NASDAQ: HOLO), (“HOLO” or the “Company”), a technology service provider, their research on quantum systems has made significant breakthroughs, opening up new paths for in-depth exploration of quantum systems. The logical states of quantum bits and the values of physical interaction parameters are key issues in quantum system research. HOLO proposes studying these characteristics through interaction with the detection field. The preparation of the detection field is crucial and must be done in particularly sensitive quantum states. This requires highly precise control and adjustment, involving advanced experimental equipment, as well as deep theoretical knowledge and extensive experimental experience. After extensive research and experimentation, HOLO successfully prepared a detection field suitable for quantum system research.

To better understand the states and evolution of quantum systems, HOLO employed a quantum trajectory simulation method. Quantum trajectories are a powerful tool for describing the evolution of quantum systems, helping researchers gain deeper insights into the behavior of quantum systems under various conditions. By simulating random measurement records, a large amount of data can be obtained, providing a solid foundation for analyzing the characteristics of quantum systems. At the same time, the conditional evolution of quantum system states is clearly presented through quantum trajectories, enabling researchers to accurately grasp the changing patterns of quantum systems in different environments.

Specifically, the quantum trajectory simulation process used by HOLO is as follows: First, the initial state of the quantum system and the parameters of the detection field are determined. Then, based on the principles of quantum mechanics, the interaction process between the quantum system and the detection field is calculated. In this process, various possible quantum states and interaction methods are considered to ensure the accuracy of the simulation. Next, a large amount of quantum system state data is obtained through random measurement records. After processing and analyzing this data, the characteristics and evolution patterns of the quantum system can be determined. Finally, based on the analysis results, further research and optimization of the quantum system are conducted.

HOLO’s analytical method has broad applicability. It is suitable for different measurement strategies and arbitrary input quantum states of the detection field pulses. This means that regardless of the measurement method used or the quantum state of the detection field, HOLO’s method can be applied for analysis. This versatility provides great convenience for quantum system research, allowing different research teams to choose appropriate measurement strategies and detection field states based on their specific needs.

In terms of metrological advantages, HOLO has verified the superiority of its method in measurement accuracy by deterministically calculating the theoretical lower bound of the average discrimination error. Specifically, the average discrimination error is an important metric for assessing the measurement precision of quantum systems. Through precise theoretical calculations, HOLO determined the theoretical lower bound of the average discrimination error and compared it with the average inference error. The results show that, in all cases, the theoretical lower bound of the average discrimination error is lower than the average inference error. This indicates that HOLO’s method has a clear advantage in measurement accuracy, providing more precise data and more reliable results for quantum system research.

In this quantum system study, HOLO achieved in-depth exploration and accurate measurement of quantum systems through the perfect integration of the detection field and quantum trajectories. Its innovative research methods and advanced technical approaches have laid a solid foundation for the development and application of quantum systems. It is believed that in the future, HOLO will continue to play an important role in the quantum field, making even greater contributions to the advancement of science and technology.

About MicroCloud Hologram Inc.

MicroCloud is committed to providing leading holographic technology services to its customers worldwide. MicroCloud’s holographic technology services include high-precision holographic light detection and ranging (“LiDAR”) solutions, based on holographic technology, exclusive holographic LiDAR point cloud algorithms architecture design, breakthrough technical holographic imaging solutions, holographic LiDAR sensor chip design and holographic vehicle intelligent vision technology to service customers that provide reliable holographic advanced driver assistance systems (“ADAS”). MicroCloud also provides holographic digital twin technology services for customers and has built a proprietary holographic digital twin technology resource library. MicroCloud’s holographic digital twin technology resource library captures shapes and objects in 3D holographic form by utilizing a combination of MicroCloud’s holographic digital twin software, digital content, spatial data-driven data science, holographic digital cloud algorithm, and holographic 3D capture technology. For more information, please visit http://ir.mcholo.com/

Safe Harbor Statement

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate,” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s goals and strategies; the Company’s future business development; product and service demand and acceptance; changes in technology; economic conditions; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic; financial condition and results of operations; the expected growth of the holographic industry and business conditions in China and the international markets the Company plans to serve and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the Securities and Exchange Commission (“SEC”), including the Company’s most recently filed Annual Report on Form 10-K and current report on Form 6-K and its subsequent filings. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

CGTN: China’s Spring Festival: Record-breaking travel, intangible cultural feast

BEIJING, Jan. 24, 2025 /PRNewswire/ — At 5:30 a.m., Wang Hui, a woman traveling with her family, is waiting at Shenzhen North Railway Station to board the first high-speed train from south China’s Shenzhen City to northwest China’s Xi’an City, which departs at 6:08 a.m.

A mother and permanent resident in the metropolis, Wang explained that, despite building a life in Shenzhen, she always yearns for her hometown, especially during the Spring Festival.

“I’ve been in Shenzhen since university, and now I have my own family, but every year, as the Spring Festival approaches, I can’t help but feel the pull of home,” she said, smiling despite the early hour and the long journey ahead.

Another traveler, surnamed Zhong, was heading back to her hometown in Chenzhou, central China’s Hunan Province. Having lived in Shenzhen for more than a decade, she said the city’s rapid growth had never lessened her feelings of homesickness during the Spring Festival.

“I’ve planned this trip for a month. The Spring Festival is when you want to be with family and embrace the traditions that connect us,” Zhong said.

Hit the road

The Spring Festival travel rush, known as chunyun, is underway across China, as millions, like Wang and Zhong, embark on long journeys to reunite with family for the most significant holiday of the year.

This year’s travel rush began on January 14 and will last until February 22, spanning 40 days. Authorities are expecting an unprecedented nine billion inter-regional trips during this period. By January 19, over 1 billion inter-regional trips had already been made, according to transportation authorities.

According to Ctrip, one of China’s leading online travel agencies, most travelers depart from first-tier cities such as Guangzhou, Shanghai, Shenzhen, Beijing and Hangzhou, and Harbin, Chongqing and Chengdu are among the most popular tourist destinations.

For millions of travelers, the Spring Festival is about more than just family reunion. It’s about reconnecting with the cultural roots that define the holiday. As they head home for the reunion dinner, they are not only making a physical journey but also participating in a broader movement to preserve and celebrate China’s rich cultural heritage.

Celebrating cultural heritage

For many Chinese, the heart of the Spring Festival lies in family reunion. However, getting together with family is just the beginning, with numerous traditions following suit.

Shopping for festival goods, pasting Spring Festival couplets, giving red envelopes (hongbao), lighting fireworks, hanging lanterns and staying up on New Year’s Eve (shousui) are all key customs.

Another tradition is watching the Spring Festival Gala, or chunwan. This annual TV art show, which has been broadcast since 1983, remains a centerpiece of the celebrations. The four-and-a-half-hour program features a mix of singing, dancing, opera, sketch comedy, crosstalks, martial arts and acrobatics. As the first gala since the Spring Festival was inscribed on UNESCO’s Intangible Cultural Heritage list, this year’s event integrates more elements of this cultural legacy.

Beyond the gala, intangible cultural heritage (ICT) is taking center stage in various aspects of the holiday. In Chongqing, one of the city’s cultural shops, run by a man surnamed Guo, has seen a surge in sales of traditional items like paper-cutting, shadow puppetry and New Year paintings. “More people are seeking unique, handmade gifts that reflect our heritage,” Guo said.

ICT-themed tourism has also boomed. From learning traditional paper-cutting in Zhejiang Province to marveling at the Lantern Festival in Zigong City, people are flocking to destinations that offer immersive cultural experiences.

This trend is reflected in travel bookings, with regions known for ICT seeing an increase in tourist interest. Data from Meituan Travel, one of China’s leading online services platforms, shows that searches for intangible cultural heritage experiences, such as the huohu (fire pot) performance in Guiyang and the Zigong Lantern Festival, have risen five-fold and twice respectively compared to previous years.

With the record-high chunyun unfolding, this year’s Spring Festival not only involves an unprecedented number of travelers but also sees a boom in cultural consumption, fueling a vibrant tourism market and injecting new vitality into the country’s economy.

For more information, please click:

https://news.cgtn.com/news/2025-01-24/China-s-Spring-Festival-Record-breaking-travel-cultural-feast-1Aq88ZtOyfS/p.html

HZICC: Linping Manufacturing Goes Global to Promote City Brand

HANGZHOU, China, Jan. 24, 2025 /PRNewswire/ — Since the beginning of the new year, enterprises in Linping District of China’s Hangzhou have been diving into connecting with customers across the ocean. Motorcycles 450SR and 450MT from CFMOTO have boarded ocean-going cargo ships, heading to North America, Europe, and Southeast Asia. Hangzhou Jiayi Garment, which focuses on eco-friendly fabrics, is also set to travel to Sweden with its new products to explore cooperation opportunities. Linping, a traditional manufacturing hub along the Grand Canal, is continuously seeking new possibilities on this new track, starting 2025 with high-quality development.

In 2024, the district’s total export volume was expected to reach 45.2 billion yuan, with a growth of 14%. Leading export-oriented enterprises and brands in Linping, such as CFMOTO, Robam Appliances, Z-WOVENS, Zhu Bingren Bronze, Tian Yuan Pet, and Wanfeng Mortise and Tenon, are forging ahead and breaking waves in the global market.

In 2024, Linping established a 6,500-square-meter Intelligent Manufacturing Branding Center in E-Fashion Town to showcase over 300 high-quality brands and products from local enterprises. “If you want to know why we are moving very fast from ‘Made in China‘ to ‘Made by China,’ you need to get closer to Hangzhou’s Linping,” said Yang Rui, guest host of Hangzhoufeel, after exploring the center. Its design adopts the popular light industrial style, featuring a series of dazzling, diversified scenarios, including motorcycle riding simulations, 3D brand shows, VR immersive experiences, and metaverse interactive experiences. Advanced multimedia devices such as stereo projection and triple screens, combined with audio-visual-lighting technology, make “Linping Manufacturing” tangible and perceptible.

During the “Linping Style” cross-border live-streaming event held at the Center, Zibuyu Group and Hangzhoufeel jointly created the “Linping Model” for cross-border live-streaming sales by integrating fashionable clothing with cultural and tourism highlights. Foreign hosts were invited to broadcast the district’s industrial advantages and urban brand to international audiences.

“The event has presented a valuable opportunity for distinguished fashion designers and showcased the promising market potential for premium products,” said Lina, a Colombian live-streaming host excitedly, after participating in a live-streaming session.

Mariem from Morocco, a cross-border e-commerce operations expert at Zhejiang Yunduan Era of Technology Co., Ltd., said that “As significant vectors of a city’s overseas communication, enterprises should shoulder greater responsibilities and obligations. We must focus not only on enhancing product quality and service standards, but also on shaping brand images and exploring cultural connotations.”

Shell completes acquisition of combined-cycle power plant in priority U.S. trading market

HOUSTON, Jan. 24, 2025 /PRNewswire/ — Shell Energy North America (US), L.P. (SENA), a subsidiary of Shell plc (Shell), has completed the previously announced 100% equity stake acquisition of RISEC Holdings, LLC (RISEC), which owns a 609-megawatt (MW) two-unit combined-cycle gas turbine power plant in Rhode Island, USA.

This acquisition maintains SENA’s position in the deregulated Independent System Operator New England (ISO New England) power market, securing long-term supply and capacity offtake for Shell. In the coming decades, power demand is expected to increase in the ISO New England market due to growing decarbonization efforts in sectors such as home heating and transportation.

The acquisition has been absorbed within Shell’s cash capital expenditure guidance, which remains unchanged.

Notes to editors

  • This acquisition allows Shell to continue an energy supply agreement that has been in place since 2019 and secure long-term energy offtake from the plant, maintaining Shell’s position in the ISO New England power market. The acquisition preserves SENA’s current operations and mitigates market risk by ensuring a reliable and stable power generation source.
  • RISEC’s two-unit combined-cycle gas turbine power plant has a maximum capacity of 609 MW and an average operating capacity of 594 MW. Serving the ISO New England market, the plant is located outside Providence, Rhode Island, and has been in operation since its completion in 2002.
  • Combined-cycle gas turbine power plants generate electricity via gas turbines, and capture waste heat to produce steam, which drives steam turbines for additional power: a process which enhances efficiency and reduces emissions compared to single-cycle power plants. Such plants provide reliable, flexible power, which balances the intermittency of renewable energy sources like wind and solar.
  • The acquisition is projected to generate an internal rate of return well in excess of the hurdle rate set for Shell’s Power business.
  • Prior to the transaction, the parent company of RISEC was 51% owned by funds managed by global investment firm Carlyle. Prior to the transaction, the remaining 49% owner of RISEC was EGCO RISEC II, LLC, a subsidiary of Electricity Generating Public Company Limited (EGCO), a Thai public limited company.
  • SENA is a full-service energy company providing energy solutions across all aspects of the market. SENA has been active in North American wholesale energy markets for over 25 years and is a market leader in wholesale and retail power, natural gas, and environmental products.

Cautionary note

The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this press release “Shell”, “Shell Group” and “Group” are sometimes used for convenience where references are made to Shell plc and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to Shell plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. ”Subsidiaries”, “Shell subsidiaries” and “Shell companies” as used in this press release refer to entities over which Shell plc either directly or indirectly has control. The term “joint venture”, “joint operations”, “joint arrangements”, and “associates” may also be used to refer to a commercial arrangement in which Shell has a direct or indirect ownership interest with one or more parties.  The term “Shell interest” is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest.

Forward-looking Statements

This press release contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management’s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Shell to market risks and statements expressing management’s expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as “aim”; “ambition”; ”anticipate”; ”believe”; “commit”; “commitment”; ”could”; ”estimate”; ”expect”; ”goals”; ”intend”; ”may”; “milestones”; ”objectives”; ”outlook”; ”plan”; ”probably”; ”project”; ”risks”; “schedule”; ”seek”; ”should”; ”target”; ”will”; “would” and similar terms and phrases. There are a number of factors that could affect the future operations of Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this press release including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell’s products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, judicial, fiscal and regulatory developments including regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; (m) risks associated with the impact of pandemics, such as the COVID-19 (coronavirus) outbreak, regional conflicts, such as the Russia-Ukraine war, and a significant cybersecurity breach; and (n) changes in trading conditions. No assurance is provided that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this press release are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Shell plc’s Form 20-F for the year ended December 31, 2023 (available at www.shell.com/investors/news-and-filings/sec-filings.html and www.sec.gov). These risk factors also expressly qualify all forward-looking statements contained in this press release and should be considered by the reader.  Each forward-looking statement speaks only as of the date of this press release January 24, 2025. Neither Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this press release.

Shell’s Net Carbon Intensity

Also, in this press release we may refer to Shell’s “Net Carbon Intensity” (NCI), which includes Shell’s carbon emissions from the production of our energy products, our suppliers’ carbon emissions in supplying energy for that production and our customers’ carbon emissions associated with their use of the energy products we sell. Shell’s NCI also includes the emissions associated with the production and use of energy products produced by others which Shell purchases for resale. Shell only controls its own emissions. The use of the terms Shell’s “Net Carbon Intensity” or NCI are for convenience only and not intended to suggest these emissions are those of Shell plc or its subsidiaries.

Shell’s net-zero emissions target

Shell’s operating plan, outlook and budgets are forecasted for a ten-year period and are updated every year. They reflect the current economic environment and what we can reasonably expect to see over the next ten years. Accordingly, they reflect our Scope 1, Scope 2 and NCI targets over the next ten years. However, Shell’s operating plans cannot reflect our 2050 net-zero emissions target, as this target is currently outside our planning period. In the future, as society moves towards net-zero emissions, we expect Shell’s operating plans to reflect this movement. However, if society is not net zero in 2050, as of today, there would be significant risk that Shell may not meet this target.

Forward-looking non-GAAP measures

This press release may contain certain forward-looking non-GAAP measures such as cash capital expenditure and divestments. We are unable to provide a reconciliation of these forward-looking non-GAAP measures to the most comparable GAAP financial measures because certain information needed to reconcile those non-GAAP measures to the most comparable GAAP financial measures is dependent on future events some of which are outside the control of Shell, such as oil and gas prices, interest rates and exchange rates. Moreover, estimating such GAAP measures with the required precision necessary to provide a meaningful reconciliation is extremely difficult and could not be accomplished without unreasonable effort. Non-GAAP measures in respect of future periods which cannot be reconciled to the most comparable GAAP financial measure are calculated in a manner which is consistent with the accounting policies applied in Shell plc’s consolidated financial statements.

The contents of websites referred to in this press release do not form part of this press release.

We may have used certain terms, such as resources, in this press release that the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC.  Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov.

Industrial legacy boosts tourism development in Shenyang

BEIJING, Jan. 24, 2025 /PRNewswire/ — A report from People’s Daily: “Every visit brought us new surprises,” said Han Zheng and his wife, who work in Beijing and have traveled to Shenyang, northeast China’s Liaoning province four times in a year.

“For the first trip, we visited the Shenyang Imperial Palace and Zhongjie Street. The second time, we explored the vibrant food scene at Caita Night Market and watched a basketball game. On the third trip, we came to experience the festive atmosphere of the Chinese New Year. And for the fourth, we visited Tiexi district to immerse ourselves in industrial culture,” Han told People’s Daily.

In recent years, with the improvement of the transportation infrastructure network, spontaneous trips to Shenyang have become a popular choice for many. In 2024, Shenyang welcomed over 200 million tourists for the first time, marking a historic breakthrough in tourism revenue.

Once a renowned industrial powerhouse in China, Shenyang has now evolved into a “cultural tourism hotspot” by implementing innovative strategies to develop new cultural tourism experiences and foster a seamless integration of culture and tourism.

In Tiexi district, there is a striking 26-meter-tall sculpture weighing 400 tons that depicts two workers holding a steel rod. It stands prominently on a square, with an old factory building featuring a sawtooth roof behind it. Despite its age, the building exudes a unique artistic vibe.

“This site was once a metal workshop of Shenyang Heavy Machinery Factory. After renovations, it became the 1905 Cultural and Creative Park, where visitors can watch plays, visit exhibitions, and browse creative markets,” said Wang Hui, head of the culture, tourism, broadcasting and television bureau of Tiexi district.

Rich industrial heritage is a defining cultural feature of Shenyang. “We have revitalized 700,000 square meters of industrial heritage areas, combining industrial history with cultural and lifestyle needs to create new cultural landmarks,” said Liu Kebin, head of the culture, tourism, broadcasting and television bureau of Shenyang.

A few kilometers from the 1905 Cultural and Creative Park is the original site of the Shenyang Hongmei MSG Factory. Young people are always seen lining up outside the factory’s raw materials warehouse, now a venue for music performances. The fermentation workshop has been converted into an art center, the union activity room into a taste museum, and the entire factory complex into the vibrant Hongmei Cultural and Creative Park.

In Shenyang, there’s more than the blend of “industrial charm” and “artistic flair.” Major cultural and sports events also add to the city’s appeal. From the 2023–2024 Chinese Basketball Association Finals to the inaugural China (Shenyang) Comedy Film Week, and to the 12th China Acrobatic Exhibition and the 2024 Shenyang Arts Festival, a series of high-profile events took place in the city in 2024.

“We actively cultivate signature events, continuously innovate tourism scenarios, enrich product offerings, and promote the integration of culture, sports, and tourism,” Liu said.

In the afternoon, young people would often flock to a “coffee alley” in Nanshichang sub-district, Heping district, a renowned photogenic spot for social media. At dusk, they head to a market by the Hunhe River to enjoy sunset and night views. After dark, they visit Laobeishi, a cultural landmark of Shenyang, to watch drone performance and experience traditional folk activities like ring toss game and sugar figurine blowing.

The warm, human-centered atmosphere adds to Shenyang’s charm. At 7 a.m., a long queue would form at a famous lyudagun (“donkey rolls”, which are glutinous rice rolls with sweet bean paste) stall in the Xiaoheyan morning market in Shenhe district. Known for affordable goods and friendly shopping environment, Shenyang’s morning markets have become a sensation on social media.

“We aim to embrace new tourism trends by integrating urban renewal projects, such as old neighborhood renovations and street upgrades, to create more youth-friendly blocks that combine scenery, culture, and modern flair,” said Wang Xinwei, secretary of the CPC Shenyang municipal committee.

To further enhance the tourist experience, Shenyang’s culture and tourism departments continuously refine services based on feedback from visitors and online users. From January to November 2024, the city saw a 38.2 percent year-on-year increase in the number of domestic tourists and a 46.0 percent rise in domestic tourism spending, achieving both acclaim and economic benefits.

U Power Announces Pricing of $5.0 Million Registered Direct Offering

SHANGHAI, Jan. 24, 2025 /PRNewswire/ — U Power Limited (Nasdaq: UCAR) (the “Company” or “U Power”), a vehicle sourcing services provider with a vision to becoming a comprehensive EV battery power solution provider in China, today announced that it has entered into a securities purchase agreement with certain institutional investors to sell 1,041,668 Class A ordinary shares (or pre-funded warrants in lieu thereof) of the Company in a registered direct offering. In a concurrent private placement, the Company also agreed to issue and sell to the investors warrants to purchase up to 1,562,502 Class A ordinary shares. The combined effective offering price for each Class A ordinary share and accompanying warrant is $4.80. The warrants are immediately exercisable, expire five years from issuance, and have an initial exercise price of $4.80 per share, which exercise price is subject to standard adjustments for dividends, splits and similar events and is also subject to adjustment for certain dilutive issuances (as defined in the form of warrant).

The gross proceeds to the Company from the registered direct offering and concurrent private placement are estimated to be approximately $5.0 million before deducting the placement agent’s fees and other estimated offering expenses payable by the Company.

The offering is expected to close on or about January 27, 2025, subject to the satisfaction of customary closing conditions.

U Power has also agreed that certain existing Series A warrants to purchase up to an aggregate of approximately 100,000 Class A ordinary shares of the Company that were issued to such institutional investors on or around December 2023, at an exercise price of $120.00 per share, will be amended effective upon the closing of the offering so that the amended warrants will have an exercise price of $4.80 per share.

Maxim Group LLC is acting as the sole placement agent in connection with the offering.

The Class A ordinary shares are being offered pursuant to a shelf registration statement on Form F-3 (File No. 333-282901), which was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on November 8, 2024. The offering of Class A ordinary shares will be made only by means of a prospectus supplement that forms a part of such registration statement. The warrants to be issued in the concurrent private placement and the Class A ordinary shares issuable upon exercise of such warrants were offered in a private placement under Section 4(a)(2) of the Securities Act of 1933, as amended (the “Act”), and Regulation D promulgated thereunder and have not been registered under the Act or applicable state securities laws.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sales of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. A prospectus supplement relating to the sales of Class A ordinary shares will be filed by the Company with the SEC. When available, copies of the prospectus supplement relating to the registered direct offering, together with the accompanying prospectus, can be obtained at the SEC’s website at www.sec.gov or from Maxim Group LLC, 300 Park Avenue, New York, NY 10022, Attention: Syndicate Department, or via email at syndicate@maximgrp.com or telephone at (212) 895-3500.

About U Power Limited

U Power Limited is a vehicle sourcing services provider, with a vision to becoming an EV market player primarily focused on its proprietary battery-swapping technology, or UOTTA technology, which is an intelligent modular battery-swapping technology designed to provide a comprehensive battery power solution for EVs. Since its operation in 2013, the Company has established a vehicle sourcing network in China’s lower-tier cities. The Company has developed two types of battery-swapping stations for compatible EVs and is operating one manufacturing factory in Zibo City, Shandong Province, China. For more information, please visit the Company’s website: http://ir.upincar.com/.

Forward-Looking Statements

This press release contains “forward-looking statements.” Forward-looking statements reflect our current view about future events. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “could,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “propose,” “potential,” “continue” or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.

Contact

U Power Limited
Investor Relations Department
Email: ir@upincar.com

Robin Yang, Partner
ICR, LLC
Email: UPower.IR@icrinc.com
Phone: +1 (212) 475-0415