<SEC-DOCUMENT>0001104659-25-051240.txt : 20250521
<SEC-HEADER>0001104659-25-051240.hdr.sgml : 20250521
<ACCEPTANCE-DATETIME>20250521060655
ACCESSION NUMBER:		0001104659-25-051240
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20250521
FILED AS OF DATE:		20250521
DATE AS OF CHANGE:		20250521

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NIO Inc.
		CENTRAL INDEX KEY:			0001736541
		STANDARD INDUSTRIAL CLASSIFICATION:	MOTOR VEHICLES & PASSENGER CAR BODIES [3711]
		ORGANIZATION NAME:           	04 Manufacturing
		EIN:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38638
		FILM NUMBER:		25970819

	BUSINESS ADDRESS:	
		STREET 1:		BUILDING 19, NO. 1355, CAOBAO ROAD
		STREET 2:		MINHANG DISTRICT
		CITY:			SHANGHAI
		STATE:			F4
		ZIP:			200233
		BUSINESS PHONE:		(86)(21) 69082018

	MAIL ADDRESS:	
		STREET 1:		BUILDING 19, NO. 1355, CAOBAO ROAD
		STREET 2:		MINHANG DISTRICT
		CITY:			SHANGHAI
		STATE:			F4
		ZIP:			200233
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>tm2515668d1_6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 3pt; margin-bottom: 3pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin: 3pt auto; width: 25%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM&nbsp;6-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin: 3pt auto; width: 25%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>REPORT OF FOREIGN PRIVATE ISSUER</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PURSUANT TO RULE 13a-16 OR 15d-16 UNDER</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>THE SECURITIES EXCHANGE ACT OF 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>For the month of May 2025</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Commission File Number: 001-38638</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<!-- Field: Rule-Page --><DIV STYLE="margin: 3pt auto; width: 25%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>NIO Inc.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Registrant&rsquo;s Name)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin: 3pt auto; width: 25%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Building 19, No. 1355, Caobao Road, Minhang
District<BR>
Shanghai, People&rsquo;s Republic of China</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Address of Principal Executive Offices)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin: 3pt auto; width: 25%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Indicate by check mark whether the registrant files or will file annual
reports under cover Form&nbsp;20-F or Form&nbsp;40-F.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form&nbsp;20-F&nbsp;</FONT><FONT STYLE="font-family: Wingdings">x</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form&nbsp;40-F&nbsp;<FONT STYLE="font-family: Wingdings">o</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 3pt; margin-bottom: 3pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; border-bottom: Black 2pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B></B></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>EXHIBIT INDEX</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 1pt; width: 10%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit No.</B></FONT></TD>
    <TD STYLE="padding-bottom: 1pt; width: 2%; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; width: 88%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Description</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><A HREF="tm2515668d1_ex99-1.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">99.1</FONT></A></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD><A HREF="tm2515668d1_ex99-1.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Announcement on The Stock Exchange of Hong Kong Limited Regarding Date of Board Meeting, dated May 21, 2025</FONT></A></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B></B></P>

<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3"><B>NIO Inc.</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By</FONT></TD>
    <TD STYLE="width: 2%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">:</FONT></TD>
    <TD STYLE="width: 43%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: Black 0.5pt solid">/s/ Yu Qu</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">:</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Yu Qu</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">:</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief Financial Officer</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 184.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Date: May 21, 2025</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 3; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>tm2515668d1_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font-size: 10pt; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font-size: 10pt; text-align: right; margin: 0"><FONT STYLE="font-size: 10pt"><B>Exhibit 99.1</B></FONT></P>

<P STYLE="font-size: 10pt; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0; color: #231F20"><FONT STYLE="font-size: 10pt"><I>Hong
Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement,
make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising
from or in reliance upon the whole or any part of the contents of this announcement.</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0; color: #231F20"><FONT STYLE="font-size: 10pt"><I>Under
our weighted voting rights structure, our share capital comprises Class&nbsp;A ordinary shares and Class&nbsp;C ordinary shares. Each
Class&nbsp;A ordinary share entitles the holder to exercise one vote, and each Class&nbsp;C ordinary share entitles the holder to exercise
eight votes, respectively, on any resolution tabled at our general meetings, except as may otherwise be required by law or by the Rules&nbsp;Governing
the Listing of Securities on The Stock Exchange of Hong Kong Limited or provided for in our memorandum and articles of association. Shareholders
and prospective investors should be aware of the potential risks of investing in a company with a weighted voting rights structure. Our
American depositary shares, each representing one of our Class&nbsp;A ordinary shares, are listed on the New York Stock Exchange in the
United States under the symbol NIO.</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><IMG SRC="tm2515668d1_ex99-1img001.jpg" ALT=""></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #231F20"><FONT STYLE="font-size: 14pt"><B>NIO
Inc.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #231F20"><FONT STYLE="font-size: 10pt"><I>(A
company controlled through weighted voting rights and<BR>
incorporated in the Cayman Islands with limited liability)<BR>
</I><B>(Stock Code: 9866)</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #231F20"><FONT STYLE="font-size: 10pt"><B>DATE
OF BOARD MEETING</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0; color: #231F20"><FONT STYLE="font-size: 10pt">The
board of directors (&ldquo;<B>Board</B>&rdquo;) of NIO Inc. (the &ldquo;<B>Company</B>&rdquo;) will hold a Board meeting on Tuesday,
June&nbsp;3, 2025 (Beijing/Hong Kong/Singapore Time) for the purposes of, among other things, approving the Company&rsquo;s unaudited
financial results for the first quarter 2025 (&ldquo;<B>Q1 2025 Results</B>&rdquo;). The Company will publish its Q1 2025 Results on
Tuesday, June&nbsp;3, 2025 (Beijing/ Hong Kong/Singapore Time) on the website of The Stock Exchange of Hong Kong Limited at <B><U>www.hkexnews.hk</U></B>
and the website of the Company at <B><U>ir.nio.com</U></B>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 0; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0; text-align: justify; color: #231F20"><FONT STYLE="font-size: 10pt">The
Company&rsquo;s management will host an earnings conference call at 8:00 p.m.&nbsp;Beijing/Hong Kong/Singapore Time on June&nbsp;3, 2025
(8:00 a.m.&nbsp;U.S. Eastern Time on June&nbsp;3, 2025).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 0; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0; text-align: justify; color: #231F20"><FONT STYLE="font-size: 10pt">A
live and archived webcast of the conference call will be available on the Company&rsquo;s investor relations website at <B><U>https://ir.nio.com/news-events/events</U></B>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 0; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0; text-align: justify; color: #231F20"><FONT STYLE="font-size: 10pt">For
participants who wish to join the conference using dial-in numbers, please register in advance using the link provided below and dial
in 10 minutes prior to the call. Dial-in numbers, passcode and unique access PIN would be provided upon registering.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #231F20"><FONT STYLE="font-size: 10pt"><B><U>https://s1.c-conf.com/diamondpass/10047493-juh76t.html</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 49%"></TD><TD STYLE="width: 2%; text-align: left">&nbsp;</TD><TD STYLE="text-align: justify; width: 49%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #231F20"><FONT STYLE="font-size: 10pt">By
order of the Board</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #231F20"><FONT STYLE="font-size: 10pt"><B>NIO
Inc.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #231F20"><FONT STYLE="font-size: 10pt"><B>Bin
Li</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #231F20"><FONT STYLE="font-size: 10pt"><I>Founder,
Chairman and Chief Executive Officer</I></FONT></P>
</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #231F20"><FONT STYLE="font-size: 10pt">Hong
Kong, May&nbsp;21, 2025</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #231F20"><FONT STYLE="font-size: 10pt"><I>As
of the date of this announcement, the board of directors of the Company comprises Mr.&nbsp;Bin Li as the chairman, Mr.&nbsp;Lihong Qin
as the director, Mr.&nbsp;Eddy Georges Skaf and Mr.&nbsp;Nicholas Paul Collins as the non-executive directors, and Mr.&nbsp;Hai Wu, Mr.&nbsp;Denny
Ting Bun Lee, Ms.&nbsp;Yu Long and Mr.&nbsp;Yonggang Wen as the independent directors.</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"></FONT></P>

<!-- Field: Page; Sequence: 1; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font-size: 10pt; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>tm2515668d1_ex99-1img001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 tm2515668d1_ex99-1img001.jpg
M_]C_X  02D9)1@ ! 0$ 9 !D  #_VP!#  $! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0'_
MVP!# 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0'_P  1" !. %4# 2(  A$! Q$!_\0
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MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H # ,!  (1 Q$ /P#^_B@D 9)
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M?$_QY=&\U^^^)>B:KX&O]5@LOA[HOA+P@%15Y17=I'RM_P %(_\ @I/\?O\
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M>--3N[GQ%\5K>YE;&NZ3XXU35H;^RFN;*QDTY'MVMP4JD8-)WU[=/Z[;G^7
M1U *[E*EDS\ZH>DI7_GCNVQ&1<J)72,X9A0-Q)&0JR+Y4G+\Q.P+C**2@^56
M,L8-Q"55K<.Q=:^J?VR_V+_C_P#L%?'/Q%^S_P#M$^&#HWB?2V;5/#7BG3HI
MKGP-\2_"33O;6GC[X?:JD*+=:1X@:6SEO-+AMTO/#][;7MAK%M:7$04_*P((
M4C/*AR&7:"CY,,L#@ND\$B*V9%*-%(#$\8;D 6C/WDWVW73Y>9^\/_!%;_@M
M7\1O^":?Q M_AI\3'UKX@?L8^/M:\WQOX,61[C6OA-KNIW@DG^*WP]MPT]O'
M?1!99O$_PYM9H=(\=V!N]8L=2T+7_#5O:ZK_ *:/PK^*/PW^+WPY\&?$_P"%
M/B[0O''PW\=:!8^(_!?B[PW>1W^AZ_H6H1>;:WNGW4/R%4&Z"Z@D2">QNXI[
M.\M[6XAD@C_Q2SLRVXL@"/(6#211C88UC>:>',L)BGEC6WFVM)!-.39E));C
M?_9E_P &E/CK]L75/'_QX^'.G:Y-??L/>#-%BU_Q3IOB:&_N-*\-_'#Q#(BZ
M+IWPKN()<Z9KFLZ5;ZEKOC[PW';+H>MZ?%I^K7MG::SJ%A>:@&-:$8KF3=WJ
M[V_X!_>0#D X(R <$8(R,X([$=QV-%-CSY<>1M.Q<KG=@[1D;LG=CIG)SUR>
MM%!@$B>8CIN9-ZE=R':ZYXRK<X8=CC@X-?AI_P %P?\ @D1X<_X*9_ *SU;P
M,^A^'/VLO@WI^IW/P7\:ZX\=E8^)]/NBUYJGPH\::ND$DT'AGQ#=HEYI5_(K
M0^'/$*17Q:UT^^UF8_N=3)(Q(NTD@9!RK,IX]&4JP]#@\C(.02*!Q?+)/LT_
MN/\ %'^*GPL^(OP0^)'C'X0_%OP?KWP]^)?P_P!:O-!\:>#O$U@]GK&@:A:N
M9,36^[_3K![9K8V6MZ:]UH^MI>V>H:1=36=W:1W'ZB?\$BO^"0'Q8_X*E?%>
M??/K/PY_9@^'FKVD'QF^-$5A%<2W!>VAU@_#;X9I.)]-UOX@ZU8M:VVH7J_;
M[#X<VUS;^)=5L[_78=.\,P?Z$'_!1S_@D#^QQ_P4GTG3[CXR>#Y?"/Q9T5+%
M-"^._P -HM/\._%&#0],U#3KB;PEK.MK:2IXJ\+75O');6FD^)(-3C\.W4PU
MKPR^D:M"MS)]R_LZ_ #X/_LR_"#P3\%/@9X%T/X=_#+X?:<^C>%_#.@VJVL%
MO%YS2ZCJ&HS*3<:SKVNZFUSK'B/Q#J<MSJOB/6KJXUG5)Y+VX;8&\JUXVBN5
MW6J_'OO]Y)^S_P#L^?"+]F;X1>#/@I\#_!>G?#_X:>"=)CT[0/#.FQ(5B=W-
MS?ZKJ=V_FW.K^(=8OWGU/7=<OKF[OM7U6XN=0N;F:68N?;-O&,G&,8XZ=,<#
M/2E4!0%'0# R23^))))/<DDD\DDTM!SM\V^O]?(_.7_@I1_P33^ ?_!2S]G[
M4?@]\7[6;1O%6D&;5_A-\8-$LK63QO\ "KQE]FEM[?6='E MY-2T2^$OV;Q3
MX2FN(]-\0V!8#['JT&G:K8_Y:/[:O[%GQX_8%^/OBG]GC]H+PY_8_B31W?6/
M#/BG2[>Z;P3\2O"M_.!:>-/ EPUL(9]"N8H#%=6<U_\ VAX=U=[^RUDB6W$+
M_P"R+)&LJ-&XRK#!&2./J""/J"".U?GK_P %&?\ @G#^S?\ \%'/@>_PJ^.^
MASV=]HFH'6OA]\4_"]OIT/Q(^%^O7#1QWFJ>#]5OK>XC6+5HU6VUW1;P2:/K
M$92XO[6>[M+21 UI5/9IJUTW?T_'R_R/\M7]AG]AC]H'_@H7\=M&^ O[/7AJ
M74-7D2RU7QOXUU"&4^#?A5X0EU.*.7QCX[U& 0V^GVD-S:PR:#I<.HZAK'C2
MYLM2TOP_H4ABU#6- _U9OV#?V'_@[^P%^S+\/_V;_@S92QZ+X9MVU7Q3XIO(
M+./Q'\2O'^II:GQ-\1?%TUO"%N->U^6TA2.+?-%HFDVVF:%ITQLM(L730_8Q
M_8=_9F_81^%-O\'_ -FOX8:-X"\/Q?9G\2:U'C4/&GQ URWM3#+XF^('BR6"
M'5/%6O.9[H6]W>LEMI=O=W%AH5AH^FN;*OK]55%"KD 9P"2QY)/5B3U/ SP.
L!@ "@F<W-O5\O1=%]R]?O%5=JJO7:H7. ,X&.B@*.G10 .@ '%%+100?_]D!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
