Mandatory notification of trade

Molasset AS, a company wholly owned by Lars
Moldestad, board member and primary insider in Nio
Security, Inc. has today bought 1,000 shares in Nio
at a price of NOK 3.20 per share. After the
transaction, Lars Moldestad and close associates
holds 11,933,196 shares and 10,195,614 warrants to
buy shares.