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 1,100 shares in Nio
at a price of NOK 2.85 per share. After this
transaction, Lars Moldestad and close associates will
hold 13,596,796 shares and 10,195,614 warrants to buy
shares in Nio.