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STAMFORD, CT, May 17, 2023 /PRNewswire/ -- Emeren Group Ltd ("Emeren" or the "Company") (www.emeren.com) (NYSE: SOL), a leading global solar project developer, owner, and operator, today announced that it will restate its previously issued unaudited consolidated financial statements for the three months ended September 30, 2022 that was issued in a press release on December 1, 2022 and included in the Company's Form 6-K that was filed on December 7, 2022 and the three and twelve months ended December 31, 2022 that was issued in a press release on March 28, 2023 and included in the Company's Form 6-K that was filed on March 30, 2023. The restatements of these financial statements are primarily due to timing of accounting recognition related to three transactions recorded in 2022 as a result of applying a more conservative assessment of when "change of control" occurred. These transactions pertain to: 50 MWp solar farm acquisition in Branston, U.K. where the consolidation date was determined to be September 30, 2022, rather than April 1, 2022 as set forth in the previously issued unaudited financial statements for the three month ended September 30, 2022. Such change will reduce previous reported revenue by $5.0 million, operating income by $3.7 million and the purchase price of the project by $4.5 million. The $4.5 million purchase price reduction represents the net operational results from the project for the period from April 1, 2022 to September 30, 2022, partially offset the increase deferred tax liabilities due to fair value adjustment of Project Branston upon acquisition. Poland and Germany NTP project sales that were recognized in Q4 2022 is now expected to be recognized in the first half of 2023. This will reduce previous reported revenue for the three and twelve months ended December 31, 2022 by $14.7 million and operating income by $5.4 million. In addition, the Company also recorded a bad debt provision of $0.7 million relating to one of its NTP projects in Maine due to issues at the local utility. This will reduce previous reported net income for the three and twelve months ended December 31, 2022 by $0.7. The restatement of these transactions will result in a total reduction of previously reported revenue and net income for the full year 2022 by approximately $20 million and $10 million, respectively, as well as related changes to the balance sheet and statement of cash flows. The two NTP project sales in Europe that were previously recorded in Q4 2022 are now expected to be recorded in the Company's first half 2023 results. The Company now expects 2023 full year revenue and net income to be in the range of $154 million to $174 million and $22 to $26 million, respectively. As of December 31, 2022, the Company's net book value was approximately $5.80 per ADS. "We aim to conduct our operations with transparency and integrity," stated Yumin Liu, the Company's Chief Executive Officer. "The nature of our business in the solar industry creates unique and complex transactions. However, we are working diligently with our auditor to resolve this issue. Most importantly, there is no expected impact on our cash position, business operations or long-term economics of our commercial projects. Our priority remains on executing our strategies and continuing to expand our solar development and IPP business towards our goal of becoming a top global solar company." The Company plans to file its Form 20-F for the year ended December 31, 2022, after market close on May 16, 2023. As a result of the restatement, the Company's previously issued unaudited consolidated financial statements for three months ended September 30, 2022 that was filed in its Form 6-K filed with SEC on December 7, 2022, and the three and twelve months ended December 31, 2022 that was filed in its Form 6-K filed with the SEC on March 30, 2023 should no longer be relied upon. The Company plans to continue to execute on the previously announced share buyback program, with $17 million of current availability under such program. About Emeren Group Ltd Emeren Group Ltd (NYSE: SOL) is a leading global solar project developer, owner, and operator with a ~3 GW pipeline of projects and IPP assets across Europe, North America, and Asia. The Company focuses on solar power project development, construction management and project financing services with local professional teams across multiple countries. For more information, go to www.emeren.com. Safe Harbor Statement: This press release contains statements that constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. Whenever you read a statement that is not simply a statement of historical fact (such as when the Company describes what it "believes," "plans," "expects" or "anticipates" will occur, what "will" or "could" happen, and other similar statements), you must remember that the Company's expectations may not be correct, even though it believes that they are reasonable. Furthermore, the forward-looking statements are mainly related to the Company's continuing operations and you may not be able to compare such information with the Company's past performance or results. The Company does not guarantee that the forward-looking statements will happen as described or that they will happen at all. Further information regarding risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements is included in the Company's filings with the U.S. Securities and Exchange Commission, including the Company's annual report on Form 20-F. Any forward-looking statement speaks only as of the date on which such statement is made and the Company undertakes no obligation, beyond that required by law, to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made, even though the Company's situation may change in the future. As forward-looking statements involve significant risks and uncertainties, caution should be exercised against placing undue reliance on such statements.
HONG KONG, May 12, 2023 /PRNewswire/ -- iClick Interactive Asia Group Limited ("iClick" or the "Company") (Nasdaq: ICLK), a leading enterprise and marketing cloud platform in China that empowers worldwide brands with full-stack consumer lifecycle solutions, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2022 with the U.S. Securities and Exchange Commission (the "SEC") on May 11, 2023. The Company's annual report on Form 20-F, which contains its audited consolidated financial statements, can be accessed on the SEC's website at www.sec.gov as well as on the Company's investor relations website at https://ir.i-click.com/. About iClick Interactive Asia Group Limited Founded in 2009, iClick Interactive Asia Group Limited (NASDAQ: ICLK) is a leading enterprise and marketing cloud platform in China. iClick's mission is to empower worldwide brands to unlock the enormous market potential of smart retail. With its leading proprietary technologies, iClick's full suite of data-driven solutions helps brands drive significant business growth and profitability throughout the full consumer lifecycle. Headquartered in Hong Kong, iClick currently operates in eleven locations across Asia and Europe. For more information, please visit ir.i-click.com. For investor and media inquiries, please contact: In China: In the United States: iClick Interactive Asia Group Limited Core IR Yaqin Shen Tom Caden Phone: +86-10-8540-2700 #8868 Tel: +1-516-222-2560 E-mail: ir@i-click.com E-mail: tomc@coreir.com
BEIJING, May 2, 2023 /PRNewswire/ -- Infobird Co., Ltd (Nasdaq: IFBD) ("Infobird," or the "Company"), a software-as-a-service provider of AI-powered customer engagement solutions in China, today announced it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2022, with the U.S. Securities and Exchange Commission (the "SEC"). The annual report on Form 20-F, which contains Infobird's audited consolidated financial statements for the fiscal year ended December 31, 2022, can be accessed through the SEC's website at www.sec.gov or Infobird's website at https://www.infobird.com/. In addition, Infobird will provide a hard copy of its annual report on Form 20-F, containing its audited consolidated financial statements, free of charge to its shareholders upon request. Requests should be directed to Infobird Co., Ltd, Room 12A06, Block A, Boya International Center, Building 2, No. 1 Courtyard, Lize Zhongyi Road, Chaoyang District, Beijing, China 100102. About Infobird Co., Ltd Infobird, headquartered in Beijing, China, is a software-as-a-service provider of innovative AI-powered, or artificial intelligence-enabled, customer engagement solutions in China. For more information, visit Infobird's website at www.Infobird.com.
China Petroleum & Chemical Corporation Files 2022 Annual Report on Form 20-F NEW YORK, April 28, 2023 -- China Petroleum & Chemical Corporation (“Sinopec Corp.” or the “Company”) ( HKEX: 00386; SSE: 600028) announced today that its Form 20-F for the fiscal year ended December 31, 2022, filed with the United States Securities and Exchange Commission, has been posted to the Company's website at http://www.sinopec.com/listco/En/investor_centre/reports/20-F/. The soft copy of the Company's annual report on Form 20-F could also be downloaded through above website. The Company will deliver within a reasonable time a hard copy of its 2022 annual report on Form 20-F, including its complete audited consolidated financial statements, to any shareholder upon request. To request a hard copy of the annual report, please write to: China Petroleum & Chemical Corporation 22 Chaoyangmen North Street, Chaoyang District, Beijing, China Zip Code: 100728 Attention to: Investor Relations Department, Secretariat to the Board End – Investor Inquiries： Media Inquiries: Beijing Beijing Tel：(86 10) 5996 0028 Fax：(86 10) 5996 0386 Email：ir@sinopec.com Tel：(86 10) 5996 0028 Fax：(86 10) 5996 0386 Email：ir@sinopec.com Hong Kong Hong Kong Tel：(852) 2824 2638 Fax：(852) 2824 3669 Email：ir.hk@sinopec.com Tel：(852) 2522 1838 Fax：(852) 2521 9955 Email：sinopec@prchina.com.hk
GAITHERSBURG, Md. and SHANGHAI, May 1, 2023 /PRNewswire/ -- I-Mab ("I-Mab" or the "Company") (Nasdaq: IMAB), a clinical-stage biopharmaceutical company committed to the discovery, development, and commercialization of novel biologics, today announced that it has filed its annual report on Form 20-F for the year ended December 31, 2022 with the U.S. Securities and Exchange Commission ("SEC") on May 1, 2023. The annual report is available on the Company's investor relations website at ir.i-mabbiopharma.com and on the SEC's website at www.sec.gov. The Company will provide hard copies of the annual report, free of charge, to its shareholders and ADS holders upon written request. Requests should be directed to Investor Relations, I-Mab, 55th Floor, New Bund Center, 555 West Haiyang Road, Pudong District, Shanghai, 200124, People's Republic of China. About I-Mab I-Mab (Nasdaq: IMAB) is a dynamic, global biotech company exclusively focused on discovery, development and soon, commercialization of novel or highly differentiated biologics in the therapeutic areas of immuno-oncology and autoimmune diseases. The Company's mission is to bring transformational medicines to patients around the world through innovation. I-Mab's innovative pipeline of more than 10 clinical and pre-clinical stage drug candidates is driven by the Company's Fast-to-Proof-of-Concept and Fast-to-Market development strategies through internal R&D and global partnerships and commercial partnerships. I-Mab as established its global footprint in Shanghai, Beijing, Hangzhou, Lishui and Hong Kong in China, and Maryland and San Diego in the United States. For more information, please visit http://www.i-mabbiopharma.com and follow I-Mab on LinkedIn, Twitter, and WeChat. For more information, please contact: I-Mab Contacts Richard Yeh Chief Operating Officer, interim Chief Financial Officer IR@i-mabbiopharma.com Gigi Feng Chief Communications Officer PR@i-mabbiopharma.com
BEIJING, April 29, 2023 /PRNewswire/ -- Tarena International, Inc. (NASDAQ: TEDU) ("Tarena" or the "Company"), a leading provider of IT professional education and IT-focused supplementary STEAM education services in China, today announced that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2022 with the Securities and Exchange Commission after the U.S. market closes on April 28, 2023. The annual report can be accessed on Tarena's investor relations website at http://ir.tedu.cn. The Company will provide a hard copy of the annual report containing its audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request. About Tarena International, Inc. Tarena is a leading provider of IT professional education and IT-focused supplementary STEAM education services in China. Through its innovative education platform combining live distance instruction, classroom-based tutoring and online learning modules, Tarena offers professional education courses in IT and non-IT subjects. Its professional education courses provide students with practical skills to prepare them for jobs in industries with significant growth potential and strong hiring demand. Tarena also offers IT-focused supplementary STEAM education programs, including computer coding and robotics programming courses, etc., targeting students aged between three and eighteen years of age. Aiming to encourage "code to learn," Tarena embraces the latest trends in STEAM education and technology to develop children's logical thinking and learning abilities while allowing them to discover their interests and potential. For further information, please contact: Investor Relations Contact:Tarena International, Inc.Investor RelationsE-mail: ir@tedu.cn The Piacente Group, Inc.In ChinaYang SongTel: +86-10-6508-0677E-mail: tedu@tpg-ir.com In the U.S.Brandi PiacenteTel: +1-212-481-2050E-mail: tedu@tpg-ir.com
A12 藝術空間
2022 Annual Report
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