Mandatory notification of trade

Today, Molasset AS, a company wholly owned by Lars
Moldestad, board member and primary insider in Nio
Security, Inc. has bought 12,000 shares in Nio at a
price of NOK 2.20 per share. After this transaction,
Lars Moldestad and close associates will hold
13,636,533 shares and 10,198,614 warrants to buy
shares in Nio.