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Intelligent Living Application Group Inc. Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price Deficiency

HONG KONG, Jan. 28, 2025 /PRNewswire/ — Intelligent Living Application Group Inc. (NASDAQ: ILAG) (“Intelligent Living” or the “Company”), a premium lockset manufacturer in Hong Kong, announced today that, on January 23, 2025, the Company received a letter from the Nasdaq Stock Market (“Nasdaq”) notifying the Company that, because the closing bid price for the Company’s ordinary shares listed on Nasdaq was below $1.00 for 30 consecutive trading days, the Company no longer meets the minimum bid price requirement for continued listing on Nasdaq under Nasdaq Marketplace Rule 5550(a)(2), which requires a minimum bid price of $1.00 per share (the “Minimum Bid Price Requirement”).

The notification has no immediate effect on the listing of the Company’s ordinary shares. In accordance with Nasdaq Marketplace Rule 5810(c)(3)(A), the Company has a period of 180 calendar days from the date of notification, until July 22, 2025 (the “Compliance Period”), to regain compliance with the Minimum Bid Price Requirement. If at any time before the expiration of the Compliance Period the bid price of the Company’s ordinary shares closes at least $1.00 per share for a minimum of 10 consecutive business days, Nasdaq will provide written confirmation of compliance. If the Company does not regain compliance by the end of the Compliance Period, the Company may be eligible for an additional 180 calendar day period to regain compliance. To qualify, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the bid price requirement, and will need to provide written notice of its intention to cure the deficiency during the second compliance period by effecting a reverse stock split, if necessary. If the Company meets these requirements, Nasdaq will inform the Company that it has been granted an additional 180 calendar days. However, if it appears to Nasdaq that the Company will not be able to cure the deficiency, or if the Company is otherwise not eligible, Nasdaq will provide notice that the Company’s securities will be subject to delisting.

The Company intends to continue actively monitoring the bid price for its ordinary shares between now and the expiration of the Compliance Period and will consider all available options to resolve the deficiency and regain compliance with the Minimum Bid Price Requirement.

About Intelligent Living Application Group Inc.

Intelligent Living Application Group Inc. is a premium lockset manufacturer and distributor headquartered in Hong Kong. Intelligent Living manufactures and sells high quality mechanical locksets to customers mainly in the United States and Canada and has continued to diversify and refine its product offerings in the past 40 years to meet its customers’ needs. Intelligent Living obtained the ISO9001 quality assurance certificate and various accredited quality and safety certificates including American National Standards Institute (ANSI) Grade 2 and Grade 3 standards that are developed by the Builders Hardware Manufacturing Association (BHMA) for ANSI. Intelligent Living keeps investing in self-designed automated product lines, new craftsmanship and developing new products including smart locks. For more information, visit the Company’s website at http://www.i-l-a-g.com.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. 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,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,” “continue” or other 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, which are available for review at www.sec.gov

Health In Tech to Attend the 2025 HCAA Executive Forum with Self-Funding Solutions

Leadership Team to Connect with Health Industry Leaders
to Discuss Quoting Efficiency and Customizable Coverage

STUART, Fla., Jan. 28, 2025 /PRNewswire/ — Health In Tech (Nasdaq: HIT), an Insurtech platform company backed by third-party AI technology, is attending the 2025 Health Care Administrators Association (“HCAA”) Executive Forum to promote an industry-leading quoting power of the company’s proprietary SaaS platform, the Enhanced Do It Yourself Benefits System (eDIYBS).

Hosted at the Bellagio in Las Vegas from February 10-12, 2025, the HCAA 2025 Executive Forum connects leaders, innovators, and entrepreneurs from hundreds of businesses across the healthcare, Insurtech insurance, and software industries.

“Heading into 2025, affordability and flexibility remain paramount for us and our clients,” said Health In Tech CEO Tim Johnson. “HCAA is a great opportunity for us to connect with industry leaders and potential partners to share how eDIYBS can provide those solutions for self-funded health plans.”

About eDIYBS: Streamlining Self-Funding and Customizing Ancillary Coverage

Health In Tech streamlines how brokers, groups, and TPAs approach self-funding with its eDIYBS platform. eDIYBS seeks to improve the quoting process for small and level-funded plans, and to make it more efficient and adaptable, focusing on flexibility in proposal generation efficiency. The SaaS platform allows users to quote 12 plans with four tiers while customizing their plan return options and selecting networks and plan designs, typically in just a few minutes.

A range of ancillary coverage options ManhattanLife provides are also accessible through the quoting platform. Options include Critical Illness and Cancer Voluntary Coverage, Accident Indemnity Plus, Dental, Vision, Term Life, and GAP Coverage. This diverse selection allows clients to tailor their plans according to their specific needs while helping to provide comprehensive coverage at an affordable cost.

Connect with Health In Tech at the HCAA Executive Forum

Health In Tech leaders Glen Hillyer, Chief Growth Officer; Del Lockett, Chief Operating Officer; and Chris Kurtenbach, Senior Vice President of Operations, will attend the HCAA 2025 Executive Forum to discuss further how eDIYBS can simplify self-funding for clients. 

Contact the team here to learn more about how Health In Tech and eDIYBS can enhance your health plan options.

About Health In Tech 

Health In Tech (Nasdaq: “HIT”) is an Insurtech platform company backed by third-party AI technology, which offers a marketplace that aims to improve processes in the healthcare industry through vertical integration, process simplification, and automation. By removing friction and complexities, we streamline the underwriting, sales and service process for insurance companies, licensed brokers, and TPAs. Learn more at healthintech.com.

Forward-Looking Statements

Certain statements in this press release are forward-looking statements for purposes of the safe harbor provisions under the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements may include estimates or expectations about Health In Tech’s possible or assumed operational results, financial condition, business strategies and plans, market opportunities, competitive position, industry environment, and potential growth opportunities. In some cases, forward-looking statements can be identified by terms such as “may,” “will,” “should,” “design,” “target,” “aim,” “hope,” “expect,” “could,” “intend,” “plan,” “anticipate,” “estimate,” “believe,” “continue,” “predict,” “project,” “potential,” “goal,” or other words that convey the uncertainty of future events or outcomes. These statements relate to future events or to Health In Tech’s future financial performance, and involve known and unknown risks, uncertainties and other factors, including risks and uncertainties related to the adoption and performance of Health In Tech’s proprietary solutions, evolving market demands, and outcomes from industry engagements, that may cause Health In Tech’s actual results, levels of activity, performance, or achievements to be different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond Health In Tech’s control and which could, and likely will, affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects Health In Tech’s current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to Health In Tech’s operations, results of operations, growth strategy and liquidity.

Investor Contact

Investor Relations:
ir@healthintech.com

Gamehaus Holdings Inc. Celebrates NASDAQ Listing and Shares Vision for Future Growth

SHANGHAI, Jan. 28, 2025 /PRNewswire/ — Gamehaus Holdings Inc. (“Gamehaus” or the “Company”) (Nasdaq: GMHS), a technology-driven mobile game publisher, today announced its official listing on the Nasdaq Capital Market (“NASDAQ”). The Company’s Class A ordinary shares began trading today under the stock symbol “GMHS,” marking a pivotal step in its continued expansion and commitment to shaping the future of the global gaming industry.

Mr. Feng “Brian” Xie, founder and Chairman of Gamehaus shared the following Letter to Employees with the Gamehaus team:

Dear Gamehaus Team,

Today marks an incredible milestone in our journey as we are officially listed on NASDAQ. This moment is a powerful testament to the hard work and dedication of every one of you. It is not just a celebration of what we’ve accomplished so far, but also the beginning of an exciting new chapter filled with limitless possibilities for our future.

When we founded Gamehaus in October 2016, we set out with a bold vision – to build a truly global game publishing company. At the time, we were small, just a spark in a vast industry, but with our passion for gaming and unwavering determination, we steadily overcame challenges and carved out our place in an intensely competitive market. Over the years, we’ve witnessed transformative shifts in the gaming landscape, from the evolution of traditional gaming to the integration of cutting-edge technologies like artificial intelligence and virtual reality. Each transformation has presented us with new challenges, but also extraordinary opportunities. Through it all, we’ve remained dedicated to empowering small- and medium-sized game developers at every stage of their growth. By combining our strong reputation and industry-leading expertise with cutting-edge, data-driven technologies, we offer comprehensive support that spans the entire development and publishing cycle. This commitment not only enables us to deliver exceptional gaming experiences for players worldwide, but also raises the bar for the industry as a whole.

One of the key drivers of our success has been our team, a group bound by our passion for gaming and shared commitment to excellence. This teamwork has allowed us to achieve the impossible and overcome challenges that might have seemed insurmountable. It’s this sense of unity and collaboration that has allowed us to execute on our vision with precision and drive. But as we all know, the gaming industry is fast-moving and highly competitive. To stay ahead, we can’t simply rely on our past successes. This is why, as we look toward 2025, we’re embracing the theme of “Refresh.” “Refresh” is not about abandoning the past – it’s about reinvigorating our team, our culture, and our approach to innovation. It’s about recognizing that the next phase of growth will come from challenging ourselves to think differently, work more efficiently, and stay ahead of the curve.

We must constantly ask ourselves: What unique value does Gamehaus bring to the global gaming industry? How can we keep surprising and delighting our players? Our goal is not just to be part of the gaming industry but to shape its future. Our ambition is to create games that redefine entertainment and bring joy to millions worldwide. With the “Refresh” mindset, I am confident that Gamehaus will continue to rise as a global leader in the gaming industry – delivering exceptional experiences to our players, generating long-term value to our shareholders, and earning the respect of our peers. As we embark on this exciting new chapter, let’s move forward with renewed energy and determination. Together, let’s embrace the “Refresh” mindset and work toward building an even brighter future for Gamehaus.

Thank you for being part of this incredible journey. The best is yet to come!

Feng “Brian” Xie
Founder and Chairman of Gamehaus

About Gamehaus

Gamehaus Holdings Inc. is a technology-driven mobile game publisher dedicated to nurturing partnerships with small- and medium-sized game developers to amplify their success. “You make successful games. We make games successful” is the company’s mantra, encapsulating its commitment to transforming potential into prosperity through data-driven monetization support and optimizing game publishing solutions. For more information, please visit https://ir.gamehaus.com/

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements, including, but not limited to, the Company’s business plan and outlook. 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 may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may”, or other similar expressions in this press release. 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 U.S. Securities and Exchange Commission.

Investor Relations Contact

Gamehaus Holdings Inc.
Investor Relations
Email: IR@Gamehaus.com

The Blueshirt Group
Jack Wang
Email: Gamehaus@TheBlueshirtGroup.co

South Australia Named in World’s Most Welcoming Regions – Booking.com’s Traveller Review Awards

ADELAIDE, Australia, Jan. 28, 2025 /PRNewswire/ — Booking.com has announced the recipients of its 13th annual Traveller Review Awards, revealing South Australia as one of the ‘Top 10 Most Welcoming Regions on Earth’. Based on over 360 million verified customer reviews, the awards honour travel partners who consistently deliver outstanding hospitality and service across accommodations, activities, and transportation options, including flights, car rentals, and taxi services.

In 2025, a record 27,432 partners across Australia are being acknowledged with a Traveller Review Award. Holiday homes remain the most-awarded accommodation across Australia, with 9,894 winners.

Most Welcoming Regions on Earth
Determined by the share of accommodation partners receiving a Traveller Review Award, this year’s Most Welcoming Regions on Earth list showcases the world’s hospitality, inspiring unforgettable adventures for the year.

2025’s Most Welcoming Regions

Todd Lacey, Regional Manager, Oceania for Booking.com commented “Our Booking.com partners go above and beyond to help create memorable travel moments. The annual Traveller Review Awards are just one way that we can spotlight these dedicated hospitality heroes, saying thank you not just from Booking.com, but from the hundreds of millions of travellers who use Booking.com to experience the world.

We’re thrilled to see South Australia recognised on the global stage this year, and are looking forward to continuing to support our local partners as they welcome visitors to the state’s world-class events, wine regions and scenic landscapes.”

For more information about Booking.com’s 2025 Traveller Review Awards, please visit https://www.booking.com/traveller-review-awards/index.en-gb.html

Contact:
Booking Australia Press Office, 
Email: bookingau@havasred.com

About Booking.com:

Part of Booking Holdings Inc. (NASDAQ: BKNG), Booking.com’s mission is to make it easier for everyone to experience the world. By investing in the technology that helps take the friction out of travel, Booking.com’s marketplace seamlessly connects millions of travelers with memorable experiences every day. For more information, follow @bookingcom on social media or visit news.booking.com.

U Power Announces Closing of $5.0 Million Registered Direct Offering and Concurrent Private Placement

SHANGHAI, Jan. 28, 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 the closing of its previously announced registered direct offering and concurrent private placement with certain institutional investors for the purchase and sale of i) 648,000 Class A ordinary shares  (the “Class A Ordinary Shares”) of the Company, par value $0.00001 per share (the “Shares”), ii) Pre-funded Warrants to purchase up to 393,668 Class A Ordinary Shares in the registered direct offering (the “Pre-funded Warrants”), and iii) warrants to purchase up to 1,562,502 Class A Ordinary Shares in the concurrent private placement (the “Common Warrants”) at a combined offering price for each Class A ordinary share and accompanying Common Warrant of $4.80. The Pre-funded Warrants are exercisable immediately and at any time until all of the Pre-funded Warrants are fully exercised, at an exercise price of $0.0001 per Class A Ordinary Share. The Common Warrants are immediately exercisable, have an exercise price of $4.80 per share, and will expire five years from the date of issuance.

The gross proceeds to the Company were approximately $5.0 million before deducting the placement agent’s fees and other offering expenses.

Additionally, 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 in December 2023, at an exercise price of $120.00 per share, have been amended to have an exercise price of $4.80 per share.

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

The Shares, the Pre-funded Warrants and the Class A Ordinary Shares issuable upon exercise of the Pre-funded Warrants described above were offered pursuant to a shelf registration statement on Form F-3 (File No. 333-282901) that was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on November 8, 2024. The Common Warrants and the Class A Ordinary Shares issuable upon exercise of the Common Warrants were offered in a private placement under Section 4(a)(2) of the Securities Act of 1933 (the “Act”), as amended, 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 the Shares and the Pre-funded Warrants has been filed by the Company with the SEC and is available on the SEC’s website at www.sec.gov. Electronic copies of the final prospectus supplement and the accompanying base prospectus may also be obtained from Maxim Group LLC at 300 Park Avenue, New York, NY 10022, by phone at (212) 895-3500 or e-mail at syndicate@maximgrp.com.

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 the Company’s 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

DeTect to Deliver MERLIN™ True3D™ Bird Detection Radar to Hanseo University’s Flight Education Center in South Korea

DeTect’s state-of-the-art MERLIN True3D bird radar is the most widely used system for commercial airport and military airfield bird-aircraft strike risk management.

PANAMA CITY, Fla., Jan. 27, 2025 /PRNewswire/ — DeTect, Inc. (DeTect) is shipping a MERLIN True3D Bird Detection Radar (BDR) to Hanseo University’s Flight Education Center in South Korea with the system to be installed and operational in mid-February. The system will be used to support flight safety for pilot training and for research, providing real-time bird and drone tracking and strike risk alerting to air traffic controllers and airfield management. DeTect and Hanseo entered into an agreement in June 2024 to deploy the MERLIN system at the training centre airstrip in Taean. “The system will be installed adjacent to the runway and will provide 24-7 real-time information on aircraft, bird and drone activity in support of flight safety” said Gary Andrews DeTect CEO. “The radar detects out to 11 kilometers around the airfield with live displays and risk alerts in the Air Traffic Control tower and other user locations.”

ABOUT DETECT INC:

DeTect is a fully integrated radar company with research, engineering and manufacturing facilities in Florida, Canada and Poland, and offices in North Dakota, California, Hawaii, London, Poland and South Korea. The company’s MERLIN BDR is the most proven and widely used system for aircraft-bird strike risk management. Other DeTect products include HARRIER™ Security and Surveillance Radars, the DroneWatcher™ counter-UAS system, MERLIN bird protection systems for wind farms, and the HARRIER Aircraft Detection Lighting System.  Since 2003, DeTect has manufactured and delivered over 1100 systems in the US, Canada, the UK, Europe, Africa, and Asia.

 

MERLIN True3D bird and drone detection radar system installation (USA)
MERLIN True3D bird and drone detection radar system installation (USA)

 

Xiao-I (AIXI) Responds to “DeepSeek” Developments, Showcases Cost-Effective RL Breakthroughs in Hua Zang LLM, and Announces U.S. Expansion

PISCATAWAY, N.J., Jan. 28, 2025 /PRNewswire/ — Xiao-I Corporation (NASDAQ: AIXI), a leading artificial intelligence company (“Xiao-I”), today commented on recent developments surrounding “DeepSeek,” emphasizing the company’s longstanding expertise in reinforcement learning (RL) technology. The company highlighted how the firm has seamlessly integrated these advanced RL capabilities into its proprietary Hua Zang Large Language Model (LLM), offering a highly efficient solution that reduces both licensing and hardware costs.

Xiao-I’s Hua Zang LLM leverages cutting-edge RL algorithms that the company has been refining for years—capabilities that have enabled the model to be deployed with minimal infrastructure outlay. The company underscored that the latest headlines around “DeepSeek” are unsurprising, given the company’s ongoing research and innovation in advanced AI.

“As attention grows around new AI developments like DeepSeek, we want our investors and clients to know that Xiao-I has been quietly but diligently pushing the boundaries of reinforcement learning,” said a company spokesperson. “Our Hua Zang LLM incorporates proprietary RL techniques, which deliver high performance and scalability, yet maintain a cost structure that sets us apart from other large language models. This efficiency has already proven itself in applications such as our recent HR digitization project for a Hong Kong government entity.”

Hua Zang LLM’s Advantages

  • Reinforcement Learning (RL) Core: Years of in-house R&D have culminated in a more efficient RL framework, optimizing training times and deployment costs.
  • Scalable Infrastructure: Achieves top-tier performance industry-specific model without requiring extensive, high-cost GPU clusters, lowering total cost of ownership for enterprise clients.
  • Competitive Licensing Model: Offers flexible, cost-effective licensing, making enterprise-scale LLM adoption accessible to organizations of all sizes.

Following success in Asia, Xiao-I now plans to expand its enterprise LLM solutions into the United States, tailoring its offerings to meet the dynamic needs of U.S. corporations seeking robust and budget-friendly AI services.

“We are excited to bring our cost-effective solutions to U.S. enterprises,” continued the company spokesperson. “Our RL-optimized Hua Zang LLM addresses rising concerns about excessive hardware and licensing expenses, giving clients the freedom to scale AI initiatives without compromising on quality or performance.”

About Xiao-I Corporation

Xiao-I Corporation is a leading cognitive intelligence enterprise in China that offers a diverse range of business solutions and services in artificial intelligence, covering natural language processing, voice and image recognition, machine learning, and affective computing. Since its inception in 2001, the Company has developed an extensive portfolio of cognitive intelligence technologies that are highly suitable and have been applied to a wide variety of business cases. Xiao-I powers its cognitive intelligence products and services with its cutting-edge, proprietary AI technologies to enable and promote industrial digitization, intelligent upgrading, and transformation. For more information, please visit: www.xiaoi.com.

Forward-Looking Statements

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 ability to achieve its goals and strategies, the Company’s future business development and plans for future business development, including its financial conditions and results of operations, product and service demand and acceptance, reputation and brand, the impact of competition and pricing, changes in technology, government regulations, fluctuations in general economic and business conditions in China, and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the U.S. Securities and Exchange Commission (“SEC”). 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, including under the section entitled “Risk Factors” in its annual report on Form 20-F filed with the SEC on April 30, 2024, as well as its current reports on Form 6-K and other filings, all of 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.

/DISREGARD RELEASE: TuanChe Limited/

We are advised by TuanChe Limited that journalists and other readers should disregard the news release, TuanChe Announces Adoption of DeepSeek R1 Model in its Holographic Image Creation Processes, issued 27-Jan-2025 over PR Newswire.