Holding Foreign Companies Accountable Act

ATA Creativity Global Provides Updates on Status Under Holding Foreign Companies Accountable Act

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Friday, May 6, 2022
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BEIJING, May 06, 2022 (GLOBE NEWSWIRE) -- ATA Creativity Global ("ACG" or the "Company", Nasdaq: AACG), an international educational services company focused on providing quality learning experiences that cultivate and enhance students creativity, today provided an update on its status under the Holding Foreign Companies Accountable Act (the HFCAA).

Key Points: 
  • BEIJING, May 06, 2022 (GLOBE NEWSWIRE) -- ATA Creativity Global ("ACG" or the "Company", Nasdaq: AACG), an international educational services company focused on providing quality learning experiences that cultivate and enhance students creativity, today provided an update on its status under the Holding Foreign Companies Accountable Act (the HFCAA).
  • In addition, the U.S. Senate passed the Accelerating Holding Foreign Companies Accountable Act on June 22, 2021, which, if passed by the U.S. House of Representatives and signed into law, would reduce such three consecutive non-inspection years to two.
  • ATA Creativity Global is an international educational services company focused on providing quality learning experiences that cultivate and enhance students creativity.
  • ATA Creativity Global offers a wide range of education services consisting primarily of portfolio training, research-based learning, overseas study counselling and other educational services through its training center network.

X Financial Provides Update on its Status under the Holding Foreign Companies Accountable Act

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Friday, May 6, 2022
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SHENZHEN, China, May 6, 2022 /PRNewswire/ -- X Financial (NYSE: XYF) (the "Company" or "we"), a leading online personal finance company in China, today announced updates on its status under the Holding Foreign Companies Accountable Act (the "HFCAA").

Key Points: 
  • SHENZHEN, China, May 6, 2022 /PRNewswire/ -- X Financial (NYSE: XYF) (the "Company" or "we"), a leading online personal finance company in China, today announced updates on its status under the Holding Foreign Companies Accountable Act (the "HFCAA").
  • X Financial (NYSE: XYF) (the "Company") is a leading online personal finance company inChina.
  • This announcement contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended.
  • Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the SEC.

SINOVAC Updates the Status Under Holding Foreign Companies Accountable Act

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Friday, May 6, 2022
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Sinovac Biotech Ltd. (SINOVAC or the Company) (NASDAQ: SVA), a leading provider of biopharmaceutical products in China, is aware that the Company has been identified by the United States Securities and Exchange Commission (SEC) under the Holding Foreign Companies Accountable Act of the United States (the HFCAA) on May 4, 2022.

Key Points: 
  • Sinovac Biotech Ltd. (SINOVAC or the Company) (NASDAQ: SVA), a leading provider of biopharmaceutical products in China, is aware that the Company has been identified by the United States Securities and Exchange Commission (SEC) under the Holding Foreign Companies Accountable Act of the United States (the HFCAA) on May 4, 2022.
  • Similar to other companies that have also been identified, SINOVAC notes such identification resulted from the Companys filing of its annual report on Form 20-F for the fiscal year ended December 31, 2021.
  • SINOVAC will continue to closely monitor developments and explore options in relation to the HFCAA.
  • Sinovac Biotech Ltd. is a China-based biopharmaceutical company that focuses on the research, development, manufacturing and commercialization of vaccines that protect against human infectious diseases.

Tuniu Provides Update on Status under Holding Foreign Companies Accountable Act

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Friday, May 6, 2022
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NANJING, China, May 6, 2022 /PRNewswire/ -- Tuniu Corporation (Nasdaq: TOUR) ("Tuniu" or the "Company"), a leading online leisure travel company in China, today provides an update on its status under the Holding Foreign Companies Accountable Act (the "HFCAA").

Key Points: 
  • NANJING, China, May 6, 2022 /PRNewswire/ -- Tuniu Corporation (Nasdaq: TOUR) ("Tuniu" or the "Company"), a leading online leisure travel company in China, today provides an update on its status under the Holding Foreign Companies Accountable Act (the "HFCAA").
  • Tuniu will continue to comply with applicable laws and regulations in both China and the United States, and strive to maintain its listing status on Nasdaq to the extent it can.
  • These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements.
  • All information provided in this press release is current as of the date of the press release, and Tuniu does not undertake any obligation to update such information, except as required under applicable law.

EHang Provides Update on Status under Holding Foreign Companies Accountable Act

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Thursday, May 5, 2022
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GUANGZHOU, China, May 05, 2022 (GLOBE NEWSWIRE) -- EHang Holdings Limited (Nasdaq: EH) (EHang or the Company), the worlds leading autonomous aerial vehicle (AAV) technology platform company, today provides an update on its status under the Holding Foreign Companies Accountable Act (the HFCAA).

Key Points: 
  • GUANGZHOU, China, May 05, 2022 (GLOBE NEWSWIRE) -- EHang Holdings Limited (Nasdaq: EH) (EHang or the Company), the worlds leading autonomous aerial vehicle (AAV) technology platform company, today provides an update on its status under the Holding Foreign Companies Accountable Act (the HFCAA).
  • The Companys identification on the provisional list does not mean it will be delisted soon.
  • EHang (Nasdaq: EH) is the world's leading autonomous aerial vehicle (AAV) technology platform company.
  • EHang provides customers in various industries with AAV products and commercial solutions: air mobility (including passenger transportation and logistics), smart city management, and aerial media solutions.

Youdao Provides Update on Status Under Holding Foreign Companies Accountable Act

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Thursday, May 5, 2022
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HANGZHOU, China, May 5, 2022 /PRNewswire/ -- Youdao, Inc. ("Youdao" or the "Company") (NYSE: DAO), a leading technology-focused intelligent learning company in China, today provides an update on its status under the Holding Foreign Companies Accountable Act (the "HFCAA").

Key Points: 
  • HANGZHOU, China, May 5, 2022 /PRNewswire/ -- Youdao, Inc. ("Youdao" or the "Company") (NYSE: DAO), a leading technology-focused intelligent learning company in China, today provides an update on its status under the Holding Foreign Companies Accountable Act (the "HFCAA").
  • In addition, legislation is being considered in the United States to shorten the number of non-inspection years from three years to two.
  • Building on the popularity of its online knowledge tools such as Youdao Dictionary and Youdao Translation, Youdao now offers smart devices, STEAM courses, adult and vocational courses, and education digitalization solutions.
  • Youdao was founded in 2006 as part of NetEase, Inc. (NASDAQ: NTES; HKEX: 9999), a leading internet technology company in China.

NetEase Provides Update on Status Under Holding Foreign Companies Accountable Act

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Thursday, May 5, 2022
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HANGZHOU, China, May 5, 2022 /PRNewswire/ --NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, "NetEase" or the "Company"), one of China's leading internet and online game services providers, today provides an update on its status under the Holding Foreign Companies Accountable Act (the "HFCAA").

Key Points: 
  • HANGZHOU, China, May 5, 2022 /PRNewswire/ --NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, "NetEase" or the "Company"), one of China's leading internet and online game services providers, today provides an update on its status under the Holding Foreign Companies Accountable Act (the "HFCAA").
  • In addition, legislation is being considered in the United States to shorten the number of non-inspection years from three years to two.
  • The Company's ADSs, each of which represents five ordinary shares, continue to trade uninterrupted on the Nasdaq Global Select Market.
  • As a leading internet technology company based in China, NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, "NetEase") provides premium online services centered around innovative and diverse content, community, communication and commerce.

360 DigiTech Provides Update on the Status Under Holding Foreign Companies Accountable Act

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Thursday, May 5, 2022
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SHANGHAI, China, May 05, 2022 (GLOBE NEWSWIRE) -- 360 DigiTech, Inc. (QFIN) (360 DigiTech or the Company), a leading financial technology platform in China, today provided an update on its status under the Holding Foreign Companies Accountable Act (the "HFCAA").

Key Points: 
  • SHANGHAI, China, May 05, 2022 (GLOBE NEWSWIRE) -- 360 DigiTech, Inc. (QFIN) (360 DigiTech or the Company), a leading financial technology platform in China, today provided an update on its status under the Holding Foreign Companies Accountable Act (the "HFCAA").
  • The Company has been actively exploring possible solutions to protect the interest of its stakeholders.
  • 360 DigiTech, Inc. (NASDAQ: QFIN) (360 DigiTech or the Company) is a leading financial technology platform.
  • Further information regarding these and other risks and uncertainties is included in 360 DigiTech's filings with the SEC.

Zepp Health Corporation Provides Update on its Status under the Holding Foreign Companies Accountable Act

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Thursday, May 5, 2022
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Zepp Health is actively exploring plans to maintain its listing status and to best protect the interest of its stakeholders.

Key Points: 
  • Zepp Health is actively exploring plans to maintain its listing status and to best protect the interest of its stakeholders.
  • The Company will continue to comply with applicable laws and regulations in both China and the U.S.
    About Zepp Health Corporation (NYSE: ZEPP)
    Zepp Health is a leading global developer of smart health technology, whose mission is to connect health with technology.
  • Zepp Health is one of the largest global developers of smart wearable health and consumer fitness devices, shipping 36 million units in 2021.
  • Zepp Health Corp. is based in Hefei, China, with U.S. operations, Zepp Health USA, based in Cupertino, Calif. For more information, please visit https://ir.zepp.com/investor/pages/company-profile
    This announcement contains forward-looking statements.

VNET Provides Update on its Status under the Holding Foreign Companies Accountable Act

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Thursday, May 5, 2022
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The Company understands that the SEC made such identification pursuant to the HFCAA and its implementation rules issued thereunder.

Key Points: 
  • The Company understands that the SEC made such identification pursuant to the HFCAA and its implementation rules issued thereunder.
  • VNET has been actively exploring possible solutions to best protect the interest of its stakeholders.
  • These forward-looking statements are made under the "safe harbor" provisions of theU.S.Private Securities Litigation Reform Act of 1995.
  • These statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "target," "believes," "estimates" and similar statements.