QINGDAO, China, March 1, 2021 /PRNewswire/ -- SOS Limited
(NYSE: SOS) (the "Company" or "SOS") was recently attacked by
short sellers with distorted, misleading, and unsubstantiated
claims regarding the Company. The Company also believes
certain social media accounts of some Company board members may
have been impersonated or disabled for short periods of time. The
Company believes these attacks were purposefully designed to
manipulate the price of the Company's shares, with the aim of
causing a stock price decline in order to economically benefit the
short sellers, to the detriment of the Company's public
shareholders.
SOS stands behind the integrity of the Company and remains
committed to maintaining transparency and the highest ethical
principles. SOS reserves all rights that it may have against these
short sellers and will defend itself vigorously against those
behind these attacks and misleading allegations. The Company is
preparing a more detailed response to the false innuendo and lies
that are being spread about the Company. SOS looks forward to
vigorously defending itself, addressing these matters and
providing more information in the coming days.
The Company also plans to enhance its investor relations
capabilities in the future. In the meantime, please submit
any inquiries that you have about this rapidly developing situation
to ir@sosyun.com. The Company will
consider these inquiries and address them collectively in a
consolidated response.
About SOS Limited
SOS transforms digital technology into data-driven operations
through the research and development of big data, cloud computing,
Internet of Things, blockchain and artificial intelligence. We have
created an SOS cloud emergency rescue service platform with three
major product categories, including basic cloud (medical rescue
card, car rescue card, financial rescue card, mutual assistance
rescue card), cooperative cloud (information rescue center,
intelligent big data, intelligent software and hardware), and
information cloud (News Today, E-Commerce Today). This system
provides marketing-related data, technology solutions, and
technology-driven big data to clients such as insurance companies,
financial institutions, medical institutions, healthcare providers,
auto manufacturers, security providers, senior living assistance
providers and other service providers in the emergency rescue
services industry. SOS's headquarters are located at Building 6,
East Seaview Park, 298 Haijing Road, Yinzhu Str., West Coast
New District, Qingdao. For more information, please
visit: http://www.sosyun.com/
Forward-Looking Statements
Certain statements made herein are "forward-looking statements"
within the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by the use of words such as
"anticipate," "believe," "expect," "estimate," "plan," "outlook,"
and "project" and other similar expressions that predict or
indicate future events or trends or that are not statements of
historical matters. Such forward-looking statements include the
Company's planned response to the allegations of the short sellers,
and the business plans, objectives, expectations and intentions of
the Company. These forward-looking statements reflect the current
analysis of existing information and are subject to various risks
and uncertainties. As a result, caution must be exercised in
relying on forward-looking statements. SOS may not realize its
expectations, and its beliefs may not prove correct. Due to known
and unknown risks, our actual results may differ materially from
our expectations or projections. All forward-looking statements
attributable to the Company or persons acting on its behalf are
expressly qualified in their entirety by these factors. Other than
as required under the securities laws, the Company does not assume
a duty to update these forward-looking statements.
Additional information concerning these and other factors that
may impact our expectations and projections can be found in our
periodic filings with the SEC, including our Annual Report on Form
20-F for the fiscal year ended December 31, 2019. SOS's SEC
filings are available publicly on the SEC's website
at www.sec.gov. SOS disclaims any obligation to update the
forward-looking statements, whether as a result of new information,
future events or otherwise.
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SOURCE SOS Limited