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Leading mobile brokerage will launch event contracts, meeting rising demand for the asset class NEW YORK, Feb. 12, 2025 /PRNewswire/ --Webull, a leading digital investment platform, today announced that it has partnered with Kalshi, the first CFTC-regulated exchange with prediction markets. The partnership will offer users the ability to trade binary event contracts through the Webull platform. Prediction markets are one of the fastest growing asset classes in the US today. Kalshi has recently secured its ability to launch financial brokers on the platform. To ensure investors have access to best-in-class tools, Webull has relentlessly driven innovation over recent years, continually enhancing its platform to meet shifting market demands – as seen with the increase in short-dated options volume. This partnership will provide Webull users with a unique, CFTC-regulated product, allowing them to be more precise with risk management around intraday market movements by utilizing a cash settled short-term contract. "We have continually focused on equipping our customers with the best products and streamlined trading tools while evolving alongside their needs. Offering prediction markets is a key step in fulfilling that commitment and expanding opportunities for our investors to access all areas of the capital markets," said Anthony Denier, Group President and US CEO, Webull. "Kalshi is a true market disruptor, and we look forward to building upon this partnership in the coming months." At the onset of this partnership, Webull users will be able to access short-term cash-settled event contracts on the platform, provided by Kalshi. Over time, the companies will look to add event contracts on a range of economic events to the platform. Kalshi and Webull will partner to provide educational content that empowers retail investors to make more informed investment decisions with this new offering. Webull plans to become a clearing member of Kashi through this partnership. "Event contracts are the next evolution of financial markets, and we are excited to partner with Webull, a leading broker in the US, to bring this next generation investment opportunity to traders," said Tarek Mansour, co-founder and CEO of Kalshi. The official rollout is expected in the coming weeks. For more information on Webull and its products, visit https://www.webull.com/. For more information on Kalshi and its offerings, visit https://kalshi.com/. About Webull US Webull is a leading digital investment platform built on next generation global infrastructure. Users of the Webull platform are empowered to pursue their financial goals with advanced charting tools, cutting-edge technology, and real-time market data. Through Webull's online brokerage, self-directed investors can access low-cost trading across a wide range of assets, including securities, options, and futures, along with wealth management services. Webull Financial LLC ("Webull Financial") is registered as a broker-dealer with the Securities and Exchange Commission (SEC) and a futures commission merchant registered with the Commodity Futures Trading Commission (CFTC). Webull Financial is a member of the Financial Industry Regulatory Authority (FINRA), the National Futures Association (NFA), and the Securities Investor Protection Corporation (SIPC). Advisory accounts and services are provided by Webull Advisors LLC, an investment advisor registered with the SEC. Registration does not imply a level of skill or training. All investing is subject to risk, including the possible loss of principal. Options involve unique risks not suitable for all investors. Please visit www.webull.com/disclosures to read the ODD. For more information about Webull, visit www.webull.com. About Webull Corporation The Webull Group operates in 15 regions globally and is backed by private equity investors located in the United States, Europe and Asia. Webull serves more than 20 million registered users globally, providing retail investors with 24/7 access to global financial markets. Users can put investment strategies to work by trading global stocks, ETFs, options, futures, and fractional shares, through Webull's trading platform, which seamlessly integrates market data and information, its user community, and investor education resources. Learn more at www.webullcorp.com. About Kalshi Founded by Tarek Mansour and Luana Lopes Lara, Kalshi is the first CFTC regulated exchange for trading directly on the outcomes of future events. The exchange enables investors to buy yes or no positions in regards to whether or not an event will happen or not through an asset class called event contracts. Kalshi operates a native exchange as well as integrating event contracts with outside brokerages. Kalshi's vision is to allow people to capitalize on their opinion and hedge everyday risks. The company is backed by a number of Silicon Valley and Wall Street-based investors including Sequoia Capital, Charles Schwab, Henry Kravis, Neo, Y Combinator, and SV Angel.
Vancouver, British Columbia - Newsfile Corp. - February 11, 2025 - Railtown AI Technologies Inc. (CSE: RAIL) (OTCQB: RLAIF) ("Railtown AI'', "Railtown" or the "Company") is pleased to announce it has executed an MOU for the acquisition of AI Partnerships Corp. ("AIP"). (the "Acquisition Transaction" or "Transaction" or "Acquisition"), a Toronto-based company that has established an Affiliate network of over 160, primarily North American, AI-SaaS companies that provide AI-based vertical market solutions and AI development and management tools. The acquisition will create a dynamic organization that drives substantial revenue growth and scales enterprise AI solutions worldwide. AIP's Affiliate network operates in 13 countries and delivers AI-based solutions to a diverse client base across multiple industries, including fintech, healthcare, manufacturing, and supply chain management as well as sector agnostic applications and AI development and management tools. The combination of Railtown AI and AIP is expected to provide both organizations with an opportunity to leverage Railtown AI's Conductr product as a platform of choice for AI application development by AIP's current and future Affiliates and their end-users. One of the fundamental objectives in the establishment of AIP's Affiliate network was to allow AIP to identify and acquire the best Affiliates as part of a broader strategic roll-up strategy. The transaction is expected to provide the resulting entity the benefit of a public company structure with access to capital markets as it executes its Affiliate acquisition strategy. AIP's established Affiliate network provides a significant opportunity to grow recurring revenue streams through Affiliate acquisitions, which could be enhanced by deploying Railtown AI's proprietary technologies across the Affiliate network and its customers. Key drivers of revenue growth include: Affiliate Acquisitions: The company plans to acquire select high-performing Affiliates, and as a result of combining their product offerings will provide a rich suite of vertical market AI-based applications and development tools in order to meet the needs of enterprise clients. Platform Integration: Railtown AI's Conductr platform could streamline AI development for Affiliates and their enterprise clients, increasing both adoption and productivity. Expanded Partnerships: With relationships already in place with major technology partners, including MILA, Amii, Microsoft, NVIDIA, AMD, and UBC, the company will continue to leverage these partnerships to accelerate enterprise sales and product innovation. Recurring Enterprise Revenue: The integration of AI-based vertical market applications along with AI development and management tools and services across the Affiliate network is anticipated to drive strong recurring revenue growth from long-term enterprise contracts. "This acquisition represents a transformative moment for both Railtown AI and AI Partnerships Corp. By combining our Conductr platform with AIP's extensive Affiliate network and enterprise partnerships, we are creating a powerhouse that will drive significant revenue growth and deliver innovative AI solutions to businesses worldwide. The opportunities ahead are immense-we're poised to expand our reach, scale enterprise sales, and accelerate innovation across industries. Together, we'll shape the future of AI in ways that unlock long-term value for our shareholders, customers, and partners," said Cory Brandolini, CEO of Railtown AI Technologies. "From its inception, AIP set out to assemble the largest network of AI solutions organizations that provide a diverse package of AI solutions, that meet the needs of enterprises in industry sectors that realize significant ROI from the adoption of AI-based application solutions. We found Railtown's Conductr had broad deployment relevance across the entirety of our network. With the combination of Railtown and AIP, we are excited to actualize our public market vision as we seek to commence with an aggressive targeted Affiliate acquisition mandate upon the conclusion of this exciting transaction," stated Dr. Tom Corr, CEO of AI Partnerships Corp. To facilitate the acquisition transaction, Canaccord Genuity Corp. has been engaged as exclusive financial advisor and lead agent to the Company in connection with the acquisition transaction and any concurrent financing. Both companies are working toward finalizing a Letter of Intent (the "LOI") to formalize the acquisition in the coming weeks. The acquisition is expected to position the company to capitalize on the rapidly expanding demand for AI solutions in key sectors. The ability to provide enterprise clients with a fully integrated suite of AI tools and services-ranging from SaaS applications to advanced development platforms-gives the organization a strong competitive advantage in both domestic and international markets. The leadership teams of Railtown AI and AIP are aligned in their vision to create long-term value through technology innovation and enterprise revenue growth. For more information on the executive leadership teams, please visit: AI Partnerships Corp. Team: https://www.aipartnershipscorp.com/aip-team Railtown AI Technologies Team: https://railtownaitechnologies.com/team/ About AI Partnerships Corporation AI Partnerships Corp. was formed in 2020 with the goal of establishing a world-wide Affiliate network of AI-as-a-Service based companies that are focused on providing AI-based solutions in a select number of sectors. These sectors include healthcare, manufacturing, supply chain and fintech, as well as sector agnostic AI development tools and applications. We have established a network of over 160 SaaS-based AI Affiliates, primarily headquartered in Canada and the US, who have offices in 13 countries world-wide. The Affiliate network consists primarily of companies that are non-competitive with each other and who work together to cross-sell to each other clients and to jointly pursue new sales opportunities. By establishing and working with the Affiliate network, AI Partnerships has been able to identify the best Affiliate candidates to potentially be acquired by AI Partnerships. Follow us on social media: Twitter: https://x.com/AIPartnerships LinkedIn: https://www.linkedin.com/company/aipartnershipscorp/ About Railtown AI Technologies Railtown AI, a Microsoft Partner, has developed a cloud-based Application General Intelligence™ Platform called Conductr. Artificial intelligence and automation that perform tasks and streamline, enhance, and accelerate Developer Productivity Engineering (DPE) through Speed, Quality, Automation, and Best Practices are the cornerstones and foundation of the Conductr platform. We purposely built the Conductr platform to help Software Companies and Software Developers save time on redundant tasks, improve productivity, drive down costs, and accelerate developer velocity. Railtown's proprietary AI technology, designed to enable our clients to be more productive and profitable, is accessible on Microsoft's Azure Marketplace. Follow us on social media: Twitter: https://twitter.com/railtown_ai LinkedIn: https://www.linkedin.com/company/railtown-ai/ SUBSCRIBE FOR INVESTOR NEWS Click here to receive our latest investor news alerts. ON BEHALF OF THE BOARD "Cory Brandolini" Cory Brandolini, Chief Executive Officer INVESTOR CONTACT Rebecca Kerswell Investor Relations Email: investors@railtown.ai Phone: 1-(604)-417-4440 This news release contains forward-looking statements relating to the future operations of the Company and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will," "may", "should", "intends", "anticipates", "expects" and similar expressions. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the future plans and objectives of the Company are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are risks detailed from time to time in the filings made by the Company with securities regulators. Forward-looking statements included or incorporated by reference in this document include statements with respect to: the Company's acquisition, including acquisition criteria and acquisition benefits; the Company's goal to grow revenues through the acquisitions; expectations regarding the ability to raise capital in conjunction with the acquisition; Specifically, there is material risk that the acquisition may not close and/or the Company may not be able to raise capital necessary to complete the acquisition referred to herein. Readers are cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. As a result, the Company cannot guarantee that any forward-looking statement will materialize, and readers should not place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will only update or revise publicly any of the included forward-looking statements as expressly required by Canadian securities law.The issuer is solely responsible for the content of this announcement.
Hyundai Motor Group (the Group) partners with SOAS to foster a fundamental understanding of the continent and promoting sustainable development in Africa With the establishment of the 'Hyundai Motor Group Scholarship,' both parties have broadened their collaborative efforts to nurture future generations in Africa This year, 25 master's and doctoral students from Africa will receive a scholarship to study at SOAS due to a £1.5M donation from Group partners Scholarship recipients to participate in events and seminars hosted by the Group, focusing on sustainable development in Africa and global collaborations The Group's new Junior Internship Program to offer global business experience to SOAS students from Africa to work in Seoul LONDON and SEOUL, South Korea, Feb. 11, 2025 /PRNewswire/ -- Hyundai Motor Group (the Group) has signed a scholarship agreement to nurture talent from Africa at SOAS University of London, a university that is home to leading international experts engaged in research and teaching to create meaningful change and empower students to find solutions to global challenges. Hyundai Motor Group Partners with SOAS University of London to Nurture African Talent through New Scholarship Agreement As a first step, in partnership with SOAS, the Group has established the Development Leadership Dialogue (DLD) Institute, a forum for discussions among leaders in the development community, as well as the Centre for Sustainable Structural Transformation (CSST), a research center focused on structural transformation in the context of the climate crisis. Starting in the first half of 2025, the Hyundai Motor Group Scholarship will be offered annually to five master's and doctoral students coming to SOAS from Africa. Scholars will receive transformational support towards their tuition and living expenses. The Group will invite scholarship recipients to participate in various networking events and seminars hosted by the Group after completing their studies. This collaboration model between the Group and the scholars is designed to support this next generation of changemakers beyond their studies. "Hyundai Motor Group has established the DLD and CSST in collaboration with SOAS to gain a fundamental understanding of Africa and is seeking a collaboration model for a desirable future on the continent," said Heung-Soo Kim, Executive Vice President and head of the Global Strategy Office (GSO) at Hyundai Motor Group. "As part of our commitment to fostering the next generation of leaders who will drive sustainable development in Africa, Hyundai Motor Group is establishing a scholarship program to nurture the future generations of the continent."
Introduction: In the wave of rapid development of generative AI technology, DeepSeek is reshaping the global AI industry landscape with its breakthrough progress in open source large models. In this technological revolution, Alpha Technology Group Limited (NASDAQ: ATGL) is quietly building a business model with its unique LLM application ecosystem. Although this Hong Kong AI first stock listed on NASDAQ has not established official cooperation with DeepSeek, it has a great opportunity to achieve cost reduction and efficiency improvement through technology integration, and its stock price explosion potential has triggered endless imagination in the capital market. A. The disruptor is here: ATGL's AI-enabled revolution As an AI solution architect with large language models (LLM) as the core engine, ATGL focuses on providing three value breakthroughs for government and enterprise customers: - Intelligent process reconstruction: Deeply coupling the self-developed AI optical character recognition (AI-OCR) system with LLM, achieving an accuracy rate of over 98% in data extraction from printed documents, completely ending the era of manual entry - ESG (Environmental, social, and governance) strategy implementation: Through automated processes, customers can reduce carbon emissions by more than 20% each year, labor costs drop by 35%, and the error rate is compressed to less than 0.5% - Decision-making brain upgrade: embedding predictive analysis modules in CRM/ERP systems, using multimodal AI to optimize supply chains and improve customer portrait accuracy by 300% Currently, ATGL has involved 12 core areas such as consulting, finance, and logistics. It has also successfully won AI service contracts for three of the four major families in Hong Kong, and become their AI transformation partner. With the benchmark case of top business groups, ATGL is accelerating its strategic cooperation with the Hong Kong government in smart city projects, with high technical barriers and strong stickiness between government and enterprises. B. DeepSeek technology pros: ATGL's cost butcher and valuation leverage Although it has not reached a commercial cooperation with DeepSeek, ATGL is reaping the technology advantage in its unique ways. 1. Cost reduction and efficiency improvement at the model level ATGL is likely to reduce the LLM training cost by 40% by integrating open source models such as DeepSeek-R1, while increasing the response speed of AI-OCR solutions to 0.3 seconds per page. This "technology-taking" strategy makes its gross profit margin 15-20% points higher in the same market field. 2. Capital market multiplier effect The capital frenzy caused by DeepSeek 100 Billion Parameter Model directly pushed up the valuation level of the AI application layer. Compared with American AI stocks such as C3.ai and Upstart, ATGL current PS is only 8.3 times, which means there is a significant value gap. 3. Ecological niche advantage In government affairs, ATGL is already an AI technology supplier for different Hong Kong government departments and agencies such as the Airport Authority and the Transport Department. If its intelligent government platforms can access 75% of Hong Kong's public service systems, it will form a natural security protection model. Combined with the deep binding with Hong Kong's top consortium, ATGL has built a full-chain capability of data-model-deployment, which is an application layer advantage that is difficult for underlying model vendors such as DeepSeek to shake. C. Value reassessment: three engines drive the high speed flywheel 1. The rigid demand for digitalization of government and enterprises has exploded Hong Kong's "Smart City Blueprint 3.0" clearly states that it will invest HK$20 billion in the next three years. ATGL has a great chance of becoming its AI supplier. If it wins the bid for core projects such as smart transportation and e-government, its ongoing orders can extend until at least 2030. 2. Cross-border business Relying on the Guangdong-Hong Kong-Macao Greater Bay Area strategy, the company is initially replicating AI-OCR solutions to the mainland market. With the experience of serving the Hong Kong government and top consortiums as a springboard, if the first project runs smoothly and saves tens of millions of dollars per year in data processing costs for an international logistics giant, the Greater Bay Area layout will be initially formed. 3. Technology generational leap ATGL’s Neural Sense AI platform under development will realize the integration of LLM + knowledge graph + digital twin three engines. It is expected to be released in Q4 2024, which will support customers to shorten the development cycle of customized AI models from 3 months to 72 hours. Valuation reconstruction: Turbine engines drive the golden track 1. Benchmark valuation method Referring to AI application layer companies, Palantir (PS 18.6 times) and UiPath (PS 11.2 times), ATGL is given a 12 times dynamic price-to-sales ratio. Based on the estimated revenue of US$42 million in 2025, the target market value is US$504 million, corresponding to a share price of US$30.6 (total share capital of 16.46 million). 2. Discounted Cash Flow Model Assuming that the revenue CAGR from 2025 to 2028 reaches 38%, the operating cash flow profit margin increases to 25%, the WACC is 11.5%, and the perpetual growth rate is 3%, the intrinsic value per share is calculated to be US$27.8, which has a 157% upside compared to the current price. 3. Catalyst analysis - Technical demonstration of the Guangdong-Hong Kong-Macao AI Summit in September 2024 - AI business revenue accounted for more than 60% in the Q3 financial report - Scaled replication of cooperation cases with the Hong Kong government and top consortiums - There is a great opportunity to sign a contract with the smart city project of Middle East sovereign fund in the future Investment advice: The short-term technical shows a cup-and-handle breakout, and the fundamentals are on the eve of the performance turning point. It is recommended to layout at a low price. The risk lies in the adaptation cost that may be brought about by the iteration of large-scale model technology, but ATGL's technology integration capabilities have proven its evolutionary flexibility. In the new stage where AI application layer investment shifts from "story hype-up" to "performance verification", this Hong Kong AI pioneer, which has the endorsement of the government and top consortiums and is well aware of the needs of government and enterprises, may become the leader of the next round of market.
LONDON and SINGAPORE, Feb. 11, 2025 /PRNewswire/ -- Experion Technologies, a global software product engineering and digital transformation company, has announced a strategic partnership with Tagit, an award-winning digital banking solutions provider based in Singapore. This collaboration aims to revolutionize banks and financial services institutions with advanced digital banking solutions. Experion Technologies and Tagit Join Forces to Transform Digital Banking Solutions With over 20 years of experience, Tagit is renowned for delivering innovative digital banking solutions. Partnering with Tagit, Experion will empower banks to seamlessly enhance their digital reach, offering superior experiences to retail and corporate clients alike. Driving Customer-Centric Banking This partnership accelerates the adoption of Customer-Centric Banking, a transformative approach that offers highly personalized, lifestyle-oriented, and family-focused financial services. Moving beyond traditional banking, it integrates tailored, omnichannel experiences into users' daily lives. By combining Tagit's Digital Banking Suite—which includes retail, corporate, family banking, and onboarding solutions—with Experion's expertise in integration, customization, and localization, banks can deploy scalable solutions that foster deeper customer relationships. Features like family banking, goal-based saving, and lifestyle financial management help increase retention and loyalty. Tagit's Digital Banking Suite is designed to enable both traditional and challenger banks to rapidly deploy high-end digital capabilities without requiring extensive custom development. The products' configurability and scalability simplify the digital transformation journey for banks. CEO Perspectives "Customer-Centric Banking is the future of financial services. Our partnership with Tagit enables banks to quickly adopt this transformative approach," said Binu Jacob, MD & CEO, Experion Technologies. "By integrating family and lifestyle banking into digital ecosystems, banks can create personalized, immersive experiences that enhance customer loyalty while meeting regulatory compliance through Experion's customizations." Sandeep Bagaria, CEO of Tagit, added, "We are thrilled to partner with Experion Technologies. Their BFSI expertise complements our vision of accelerating digital transformation for banks. Together, we'll help financial institutions deliver seamless, secure, and personalized digital banking experiences, enabling them to thrive in an evolving digital landscape." A Proven Partnership Tagit serves over 40 million users globally, including Axis Bank, Citi, and MUFG, with scalable and secure digital solutions. Experion, with a proven track record of transformative product engineering services, will ensure smooth deployment, compliance customization, and localization for Tagit's products, allowing banks to overcome integration challenges and deliver cutting-edge, customer-centric banking services. Photo: https://mma.prnasia.com/media2/2616264/Experion_Technologies_Tagit.jpg?p=medium600
SHENZHEN, China, Feb. 10, 2025 /PRNewswire/ -- Taoping Inc. (Nasdaq: TAOP, the "Company"), a provider of innovative smart cloud platform services and solutions, today revealed that it has entered into a non-binding strategic cooperation framework agreement with the Government of Mengla County, Yunnan Province. The agreement outlines plans for extensive collaboration in the modern agricultural industry, with the objective of boosting regional economic growth. According to the agreement, the project aims to invest in developing an agricultural planting base in Mengla County, Xishuangbanna Prefecture, Yunnan Province. Over the next three years, the partners plan to expand the base to 3,500 acres, with a total investment of RMB 200 million (US$27.5 million). By 2027, the project is expected to generate an annual output value of RMB 600 million (US$82.5 million). The cooperation aims to combine the strengths of each party to establish a model for the growth of the modern agricultural sector. To meet its ambitious goals, the project will incorporate advanced technologies from the Company, such as the Internet of Things, big data, and artificial intelligence, to enhance production and operational efficiency. The Company was chosen for this significant partnership due to its strong brand and reliable platform capabilities, which can boost the Mengla County region's competitiveness and brand value. The Government of Mengla County will offer substantial support in areas like land transfers, advanced technology, and resource allocation. They will also assist businesses in fostering partnerships with neighboring countries and help them scale operations through land transfer and efficient management. Mr. Jianghuai Lin, Chairman and CEO of the Company, said: "Mengla County boasts exceptional natural resources and an advantageous location, making it ideal for the development, implementation, and long-term operation of a modern agricultural system. We are excited to combine resources from all involved parties to create a comprehensive modern agricultural industrial system. This will include advanced agricultural planting, the efficient application of agricultural technologies, the incubation of high-tech enterprises, and agricultural ecological tourism." "This agreement is one of the largest in the Company's history, highlighting the strength of our technology, the value of our experience, and the long-term potential of the opportunities ahead. We are committed to making this project a model for the modern agricultural industry and are eager to contribute to the successful promotion of agricultural modernization and rural revitalization in Mengla County." About Mengla County, Yunnan Province Mengla County is located in the southeastern part of Yunnan Province, China, bordering Laos to the south. It is part of the Xishuangbanna Dai Autonomous Prefecture and is known for its tropical rainforest, rich biodiversity, and ethnic diversity, with significant Dai, Hani, and Yi populations. The county is home to parts of the Xishuangbanna National Nature Reserve, which protects endangered species like Asian elephants and gibbons. Mengla serves as an important trade hub between China and Laos, with the Mohan border crossing being a key point for cross-border commerce. The region's economy is driven by tourism, agriculture (notably tea and rubber plantations), and trade. About Taoping Inc. Taoping Inc. (Nasdaq: TAOP) has a long history of successfully leveraging technology in the development of innovative solutions to help customers in both the private and public sectors to more effectively communicate and market to their desired targets. The Company has built a far-reaching city partner ecosystem and comprehensive portfolio of high-value, high-traffic areas for its products, which are aligned together with Taoping's smart cloud platform, cloud services and solutions, new media and artificial intelligence. For more information about Taoping, please visit http://en.taop.com. You can also follow us on X. Safe Harbor Statement This press release contains "forward-looking statements" that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this press release, such as statements regarding our estimated future results of operations and financial position, our strategy and plans, and our objectives or goals, are 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. We have attempted to identify forward-looking statements by terminology including "anticipates," "believes," "can," "continue," "could," "estimates," "expects," "intends," "may," "plans," "potential," "predicts," "should," or "will" or the negative of these terms or other comparable terminology. Our actual results may differ materially or perhaps significantly from those discussed herein, or implied by, these forward-looking statements. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including: our potential inability to achieve or sustain profitability or reasonably predict our future results, the effects of the global Covid-19 pandemic or other health crisis, the emergence of additional competing technologies, changes in domestic and foreign laws, regulations and taxes, uncertainties related to China's legal system and economic, political and social events in China, the volatility of the securities markets; and other risks including, but not limited to, those that we discussed or referred to in the Company's disclosure documents filed with the U.S. Securities and Exchange Commission (the "SEC") available on the SEC's website at www.sec.gov, including the Company's most recent Annual Report on Form 20-F as well as in our other reports filed or furnished from time to time with the SEC. The forward-looking statements included in this press release are made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward-looking statements, other than as required by applicable law.
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