Beijing, June 1, 2025 – NIO’s legal department issued a statement today refuting inaccurate information circulating on certain securities information platforms and social media regarding changes in the shareholding of Qin Lihong, the company’s co-founder and president.
The statement, released earlier today, addresses the spread of seriously untrue information concerning Qin Lihong’s recent shareholding status. NIO firmly asserts that Qin Lihong’s shareholding has remained unchanged.
The company hereby confirms that Qin Lihong’s shareholding has not undergone any changes, the statement reads. This information is completely false and suspected of seriously disrupting the normal capital market order, misleading investors, and causing distress to the company’s daily operations.
NIO’s legal department emphasized the severity of the situation, highlighting the potential impact on the capital market and investor confidence. The company also noted that some of the platforms involved have already removed the false information.
NIO plans to take legal action to protect its legitimate rights and reserves the right to pursue legal action against those who reprint and disseminate the false information.
The full statement from NIO’s legal department is as follows:
Statement Regarding False Information on Certain Platforms
Today, some securities information platforms and social media platforms suddenly reported seriously untrue information about the recent changes in the shareholding of Qin Lihong, co-founder and president of NIO, which has been widely disseminated.
The company hereby confirms that Qin Lihong’s shareholding has not undergone any changes. This information is completely false and suspected of seriously disrupting the normal capital market order, misleading investors, and causing distress to the company’s daily operations.
Currently, some of the securities information platforms involved have deleted the relevant false information. We will take legal measures to safeguard our legitimate rights and interests and reserve the right to further pursue legal responsibility for reprinting and disseminating such information.
NIO Legal Department
June 1, 2025
This incident underscores the importance of verifying information, especially in the fast-paced world of financial news and social media. The spread of misinformation can have serious consequences for companies and investors alike. NIO’s swift response and commitment to legal action demonstrate its determination to protect its reputation and the interests of its stakeholders.
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