Mandatory notification of trade

Today, Molasset AS, a company wholly owned by Lars
Moldestad, board member and primary insider in Nio
Security, Inc. bought 10,000 shares in Nio at a price
of NOK 2.05 per share. After the transaction, Lars
Moldestad and close associates holds 11,862,716
shares and 13,245,614 warrants to buy shares.