Mandatory notification of trade

Today, Molasset AS, a company wholly owned by Lars
Moldestad, chairman and primary insider in Nio
Security, Inc. has bought 2,000 shares in Nio at a
price of NOK 1.20 per share. After this transaction,
Lars Moldestad and close associates will hold
13,723,553 shares and 10,195,614 warrants to buy
shares in Nio.