January 29, 2022

ROSEN, A TOP RANKED LAW FIRM, Encourages Cloopen Group Holding Limited Investors with Losses to Secure Counsel Before Important February 8 Deadline in Securities Class Action – RAAS

NEW YORK, Jan. 29, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Cloopen Group Holding Limited (NYSE: RAAS): (i) pursuant and/or traceable to the registration statement and prospectus (collectively, the “Registration Statement”) issued in connection with the Company’s February 2021 initial public offering (the “IPO”); and/or (ii) between February 9, 2021 and May 10, 2021, inclusive (the “Class Period”), of the important February 8, 2022 lead plaintiff deadline.

SO WHAT: If you purchased Cloopen securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Cloopen class action, go to http://www.rosenlegal.com/cases-register-2223.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 8, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers

DETAILS OF THE CASE: According to the lawsuit, the Registration Statement was false and misleading and defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Cloopen’s growth strategy was not working; (2) Cloopen’s existing customers were abandoning the Company; (3) an increasing number of Cloopen’s customers were refusing to pay; (4) as a result, the Company was forced to record massive increases in its accounts receivables and allowance for doubtful accounts; (5) Cloopen was weighed down by huge liabilities related to the fair value of certain recently-granted warrants; (6) defendants continued to misrepresent the Company’s expansion strategy; and (7) Cloopen’s dollar-based net retention rate had tumbled in 4Q 2020. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Cloopen class action, go to http://www.rosenlegal.com/cases-register-2223.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

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Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

January 29, 2022

ROSEN, A GLOBALLY RECOGNIZED FIRM, Encourages FirstCash Holdings, Inc. Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action – FCFS

NEW YORK, Jan. 29, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of FirstCash Holdings, Inc. (NASDAQ: FCFS) between February 1, 2018 and November 12, 2021, inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than March 15, 2022.

SO WHAT: If you purchased FirstCash securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the FirstCash class action, go to http://www.rosenlegal.com/cases-register-2219.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than March 15, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) FirstCash had made more than 3,600 loans to over 1,000 active-duty members of the military and their families at usurious interest rates above 36% – and often exceeding 200% – in violation of the Military Lending Act (“MLA”) and a consent order (the “Order”) with the Consumer Financial Protection Bureau (“CFPB”); (2) FirstCash had failed to implement the remedial measures imposed by the Order; (3) FirstCash’s financial results were, in substantial part, the product of FirstCash’s violations of the MLA and the Order; and (4) as a result, FirstCash was exposed to a material undisclosed risk of legal, reputational, and financial harm if FirstCash’s violations of the MLA and the Order were ever publicly disclosed. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the FirstCash class action, go to http://www.rosenlegal.com/cases-register-2219.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

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January 29, 2022

ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Desktop Metal, Inc. Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action – DM

NEW YORK, Jan. 29, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Desktop Metal, Inc. (NYSE: DM) between March 15, 2021 and November 15, 2021, inclusive (the “Class Period”) of the important February 22, 2022 lead plaintiff deadline.

SO WHAT: If you purchased Desktop Metal securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Desktop Metal class action, go to http://www.rosenlegal.com/cases-register-2205.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 22, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) there were deficiencies in EnvisionTEC’s manufacturing and product compliance practices and procedures; (2) the foregoing deficiencies presented a material risk to the commercialization of EnvisionTEC’s products; and (3) as a result of the foregoing, defendants’ positive statements about Desktop Metal’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Desktop Metal class action, go to http://www.rosenlegal.com/cases-register-2205.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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January 29, 2022

Huawei Retains Leadership in 5G RAN Portfolio

SHENZHEN, China, Jan. 29, 2022 /PRNewswire/ — Huawei’s 5G RAN portfolio has been ranked a leader for the third year in a row in GlobalData’s recent H2 2021 report 5G RAN: Competitive Landscape Assessment. This report is released every six months to evaluate the competitive advantages of 5G RAN products from major RAN vendors. In the H2 2021 report, Huawei’s product portfolio outclassed its competitors in all four criteria: radio unit portfolio breadth, baseband unit (BBU) capacity, ease of installation, and technological evolution.

In terms of radio unit portfolio breadth, Huawei’s radio product range greatly facilitates ubiquitous 5G gigabit experiences. Through continuous innovation, Huawei has amassed various advantages that allow it to deploy across different scenarios and spur the industry forward. For example, MetaAAU improves both coverage and energy efficiency, BladeAAU Pro simplifies 5G deployment at sites with limited antenna space, 400MHz ultra-wideband AAU allows operators to utilize fragmented spectrum and construct shared multi-operator networks, and sub-3 GHz 4T-8T-Massive MIMO multi-antenna ultra-wideband products improve spectral and energy efficiency while reducing costs. These offerings can help operators upgrade their networks. According to the report, Huawei offers the largest variety of 5G radio products for deployment in different scenarios.

The report also shows that the Huawei BBU5900 leads the pack in terms of BBU capacity, with the largest number of cells per unit volume, as well as industry-leading 400 MHz mmWave cell capability. The Huawei BBU5900 safeguards operators’ return on investment and their ability to cope with future traffic growth.

Ease of installation was another criteria, and Huawei’s 5G RAN portfolio is already far ahead in terms of engineering and installation, including lightweight devices and compact form factors. Furthermore, Huawei provides a variety of innovative solutions to simplify 5G deployment. These include: a 19 kg 64T Massive MIMO AAU, which is light enough to be carried and installed by one person; a 10 kg 32T Massive MIMO AAU, which can be easily deployed in streets capacity scenario; and a Super BladeSite, which simplifies 5G deployment with its modular design, removing the need for equipment rooms and cabinets.

Finally, with regards to technological evolution, Huawei’s innovations can be seen in a variety of different areas. For example, its Adaptive High Resolution (AHR) algorithm improves network capacity and user experience, its SingleCell solution makes good use of mid- and low-band spectrum, the CloudAIR and SuperBAND solutions enable efficient coordination between 4G and 5G networks for operators, and PowerStar 2.0 improves energy efficiency. Software innovation is also an important area of interest for Huawei. Moreover, Huawei was the first to propose new directions for 5.5G, with the aim of promoting sustainable development for 5G into the future.

Huawei will continue to place its utmost focus upon user experience and industry demand. Through innovation, and in conjunction with partners around the world, Huawei hopes to take consumer experience to new heights and bring digital to all industries.

January 29, 2022

CGTN: Lawmakers from over 20 countries wish Beijing 2022 success at CMG Forum

BEIJING, Jan. 29, 2022 /PRNewswire/ — More than 30 lawmakers from over 20 countries across the world have expressed their wishes for the Beijing 2022 Winter Olympics and voiced opposition to the politicization of the Games.

A special program of CGTN dedicated to Beijing 2022. /CMG

The lawmakers made the remarks at a special program of CGTN dedicated to Beijing 2022, which was broadcast on Saturday.

The program, themed “The Beauty of the Winter Olympics: A Celebration of the Human Spirit,” is part of the China Media Group (CMG) Forum.

The lawmakers spoke highly of China’s efforts to host a “simple, safe and splendid” Winter Olympics despite challenges posed by the COVID-19 pandemic and wished the Games a success.

CMG President Shen Haixiong welcomed the lawmakers to take part in the program. He said peaceful development and shared destiny are key elements of building a community with a shared future for mankind – a vision advocated by Chinese President Xi Jinping – and also ideals of the Olympic movement.

“The Beijing Winter Olympics embodies mankind’s yearning for peace and excellence,” Shen said. “It is more important than ever for us to come ‘Together,’” he stressed.

Gong Taparanci, former deputy prime minister of Thailand, expressed confidence that the Games will achieve a great success. Despite the lack of ice and snow in Thailand, the country has decided to send a delegation to attend the Winter Olympics, he said.

Wang Yanxia, member of the Chinese People’s Political Consultative Conference (CPPCC) National Committee and deputy minister of the Sports Department of the Beijing Organizing Committee for the 2022 Olympic and Paralympic Winter Games, said the smooth preparations for the event owe a great deal to the Chinese people’s love for winter sports, the support from the Chinese government, and the help offered by experts and technicians from various countries.

Filatova Irina Anatolyevna, member of the Russian State Duma, said China and Russia are friendly neighbors. The significance of their mutual trust has been demonstrated through sports, she added.

Sainkhuu Ganbaatar, member of parliament of Mongolia, said the Olympic Games should not be obstructed by COVID-19 or political issues. The Games organizers have made orderly preparations for the event under “almost impossible” circumstances, winning respect and support from the world, he said.

Mushahid Hussain Sayed, chairman of the Pakistani Senate’s Defense Committee, said Pakistan and other Asian countries firmly oppose the boycott of Beijing 2022 in any form and any attempt to instigate confrontation and division. The Olympic spirit calls for friendship and cooperation, he said.

Lawmakers from countries such as Germany, Italy, Canada, Turkey, Brazil, Spain, New Zealand, Japan and South Africa also expressed their wishes for the Games.

The Beijing Winter Olympics will take place from February 4 to 20, followed by the Paralympic Winter Games from March 4 to 13.

https://news.cgtn.com/news/2022-01-29/Lawmakers-from-over-20-countries-wish-Beijing-2022-success-17deP4lCmhG/index.html

Photo – https://mma.prnewswire.com/media/1736542/A_special_program_of_CGTN_dedicated_to_Beijing_2022___CMG.jpg

January 29, 2022

At Arab Health 2022, United Imaging Confirms a Partnership Agreement with King Hussein Cancer Center, a Leading Hospital in the Middle East Region

SHANGHAI, Jan. 29, 2022 /PRNewswire/ — From January 24 to 27, United Imaging attended Arab Health 2022 in Dubai, UAE with a comprehensive portfolio of sophisticated medical imaging equipment, including: the world’s first total-body PET/CT, uEXPLORER®; the world’s first 75cm, ultra-wide-bore 3.0T MR uMR OMEGA™, empowered by new uAIFI Technology; the market-leading 640 slice CT, uCT 960+, equipped with 16cm detectors; the ultra-high-field preclinical 9.4T MR; and the world’s first high-performance large animal whole-body PET/CT, uBioEXPLORER.

Signed a strategic cooperation agreement with KHCC, a top hospital in the Middle East region, to promote coordinated clinical research and medical training among transnational medical resources.

The conference also marked the signing of a partnership agreement between United Imaging and King Hussein Cancer Center (KHCC). Under this agreement, the two organizations will be collaborating in clinical applications research, academic exchange, and talent training to advance the oncology and molecular imaging field and to enhance healthcare delivery in the region.

Dr. Al Zhang, Chairman and CEO of United Imaging Healthcare, said: “We have been developing rapidly in regional markets such as the Middle East and North Africa since our initial rollout there in 2019. Hospitals and industry experts have widely recognized our innovative technologies and products. We are committed to the medical innovation of the future and constantly improving the accessibility of high-end medical equipment and services globally and also to creating more value in the chain of healthcare delivery through close collaboration with universities, hospitals, and research institutions.”

KHCC is one of the most influential and well-respected cancer centers in the Middle East and surrounding regions. It is the only specialized cancer center and a pioneer in adult and pediatric oncology research, the largest bone marrow transplant center in the Middle East, and the first JCI-certificated cancer center in developing countries.

Meanwhile, United Imaging also supported Zhongshan Hospital (Fudan University) in the signing of a joint memorandum with KHCC. In that agreement, the two leading hospitals will carry out broad range of collaboration in academic research, best clinical practice sharing, as well as personal exchange, etc.

Dr. Jusong Xia, President of International Business at United Imaging Healthcare, highlighted that this cooperation is essential for United Imaging to continue growing in the Middle East market. A network of mutually beneficial partnerships with top tier clinical institutions is important to achieving United Imaging’s mission of “bringing equal healthcare for all” globally, he added.

Expanding in the Middle East, accelerating globally

The Middle East region is an integral part of United Imaging’s global presence. Back in 2019, United Imaging set up a regional headquarters in Dubai, with an experienced local Marketing and after-sales team to meet customers’ needs. Growing number of United Imaging’s equipment including PET/CT, CT, MR, and DR have been installed in top hospitals and clinical institutions in Egypt, Morocco, South Africa, and more. Partners include Wits Donald Gordon Molecular Imaging in South Africa, Al Tahra Radiology Center (TRC), one of Egypt’s four major radiology centers, and American Hospital Dubai, one of the best private general hospitals in the UAE and ME region.

During Arab Health, United Imaging also strengthened its partnership with Fora S.p.A, a leading provider of outsourced diagnostic and therapy services to hospitals in Italy, and Tengri LLC from Kazakhstan, to accelerate market development in west Europe and Central Asia.

So far, over 17,000 United Imaging products are now in clinical service in over 8,600 hospitals and research institutions in 44 countries and regions worldwide, including China, the U.S., the Middle East, Europe, Japan, India, Southeast Asia, Africa, and South America. The company has also set up extensive collaborations with many world-renowned clinical and scientific research institutions. One outstanding example is the cooperation with Yale University in developing an advanced neuro PET/CT for the BRAIN Initiative, a significant National Institute of Health (NIH) project. In addition, collaborating with Washington University in St. Louis, United Imaging has been advancing the speed of MR cardiac scanning, post-processing, imaging diagnosis based on our 1.5T MR empowered by AI. Another example comes from the McGovern Medical School at the University of Texas for molecular imaging research in the cardiac field based on our PET/CT.

Several “World’s first” debuted at Arab Health

The world’s first total-body PET/CT, uEXPLORER®, is an ultra-high-resolution digital PET/CT with a 194cm axial PET field of view (FOV) that enables the whole body to be scanned in one bed position. The system offers total-body dynamic scanning, allows ultra-low patient dose, and produces ultra-high image resolution, changing how whole-body PET/CT imaging has traditionally been performed.

The uMR OMEGA™ is the world’s first 75cm, ultra-wide-bore 3T MR, designed to break traditional boundaries without compromising image quality. The unprecedented ultra-wide bore is offered not just for improving the patient experience, but also for MRI simulation for radiotherapy planning or intraoperative MRI. Combined with uAIFI Technology Platform, it enables fast and accurate examinations.

The uAIFI Technology Platform focuses on the application of intelligent sensors, advanced chips, and artificial intelligence technology. It also enables the seamless fusion of the MRI hardware advancement with software design throughout the entire imaging acquisition chain, breaking traditional data silos and establishing a foundation for continued innovation over time.

Photo – https://mma.prnewswire.com/media/1735980/DSC00468.jpg

January 29, 2022

Sinopec Completes China’s First Megaton Scale Carbon Capture Project

The Qilu-Shengli Oilfield CCUS will reduce carbon emissions by 1 million tons per year

BEIJING, Jan. 29, 2022 /PRNewswire/ — China Petroleum & Chemical Corporation (HKG: 0386, “Sinopec”) has completed the construction of China’s first megaton carbon capture, utilization and storage (CCUS) project, the Qilu-Shengli Oilfield CCUS (the “Project”) on January 29, which will reduce carbon emission by 1 million tons per year, the equivalent of planting nearly 9 million trees and shutting down 600,000 economy cars.

Sinopec Completes China’s First Megaton Scale Carbon Capture Project.

As China’s largest full industrial chain CCUS demonstration base and industry benchmark, the Project is estimated to increase the oil production by 2.965 million tons in the next 15 years. It’s of great significance to China’s scaled development of CCUS and building an “artificial carbon cycle” model to increase China’s carbon emissions reduction capabilities as the country advances to achieve the “dual carbon” goals of reaching peak carbon emissions by 2030 and carbon neutrality by 2060.

The construction of the Project was initiated in July, 2021 and is consisted of two parts – Sinopec Qilu’s carbon dioxide capture and Shengli Oilfield’s carbon dioxide displacement and storage. The carbon dioxide captured by Sinopec Qilu will be transported to Shengli Oilfield for further displacement and storage via green transport mode, achieving an integrated application of carbon capture, displacement and storage to seal the carbon dioxide underground and drive the oil out – turning the waste into treasure.

Sinopec Qilu has newly constructed a liquid carbon dioxide recovery and utilization unit with a capacity of 1 million tons per year, which includes compression unit, refrigeration unit, liquefaction refining unit and supporting facilities to recover carbon dioxide from the tail gas of coal-to-hydrogen plant with a purification rate of over 99 percent.

Meanwhile, Shengli Oilfield is applying the principle of supercritical carbon dioxide’s easy miscibility with crude oil to build 10 unattended gas injection stations in Zhenglizhuang Oilfield to inject carbon dioxide into the 73 wells nearby to increase crude oil fluidity and improve oil recovery while adopting a closed pipeline transportation of oil and gas to further enhance carbon dioxide sequestration rate.

Taking an early start of CCUS R&D and construction, Sinopec has developed its own CCUS technology system that has achieved good results in improving crude oil recovery and reducing carbon emissions, and some of the capture technologies is in leading position domestically and advanced level in the world.

Sinopec’s low partial pressure carbon dioxide capture technology has been successfully applied in more than 50 units of devices across 16 provinces and cities in China, capturing more than 200,000 tons of carbon dioxide every year. The company has tackled multiple key technological problems. By actively conducting mineral field tests in the East China and Shengli oilfields and exploring the development mode of high-pressure miscible flooding of carbon dioxide, Sinopec has effectively solved the problem of difficult water inject and oil well production in reservoirs of ultra-low permeability, proposed the innovative “throughput displacement coordination” carbon dioxide injection development mode to carry out efficient development of sealed small block reservoirs. Sinopec has also built China’s first exhaust gas displacement, cyclic utilization and storage base of high water-cut oil reservoir industrial refinery in Sinopec Zhongyuan Oilfield.

Backed by systematic investigation of China’s large-scale carbon dioxide emission sources, Sinopec has researched and drafted the CCUS potential evaluation method and established the Sinopec source & sink database. To date, Sinopec has implemented 36 carbon dioxide flooding projects.

Sinopec is looking to advance the constructions and realize the industrialized development of CCUS. Sinopec will build a CCUS R&D center to focus on the cutting-edge technological breakthroughs including the integration of CCUS with new energy, hydrogen energy and biomass energy. The company will advance the technology applications such as the carbon dioxide production of high-value chemicals and carbon dioxide mineralization and utilization to make breakthroughs in the core technologies and solving the equipment bottlenecks in carbon capture, transportation, utilization and storage.

With the goal of building a carbon dioxide technological innovation system of “technology development-construction project demonstration and industrialization,” Sinopec will extend the clean carbon sequestration industrial chain and build the foundation for carbon emission reduction technology innovation.

Between 2021 and 2025, Sinopec will build another megaton CCUS demonstration project in partnership with Sinopec Nanjing Chemical Industries Co., Ltd. in its affiliated Sinopec East China oil and gas fields and Sinopec Jiangsu Oilfield to achieve the industrialized development of CCUS and widen the prospects as China advances to achieve carbon peak and carbon neutrality.

For more information, please visit Sinopec.

Photo – https://mma.prnewswire.com/media/1736532/Sinopec_Completes_China_s_First_Megaton_Scale_Carbon_Capture_Project.jpg

Logo – https://mma.prnewswire.com/media/960416/SINOPEC_Logo.jpg

January 29, 2022

ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Arrival SA Investors to Secure Counsel Before Important February 22 Deadline in Securities Class Action – ARVL

NEW YORK, Jan. 29, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Arrival SA (NASDAQ: ARVL) between November 18, 2020 and November 19, 2021, inclusive (the “Class Period”), of the important February 22, 2022 lead plaintiff deadline.

SO WHAT: If you purchased Arrival securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Arrival class action, go to http://www.rosenlegal.com/cases-register-2231.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 22, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Arrival would record a substantially greater net loss and adjusted EBITDA loss in the third quarter of 2021 compared to the third quarter of 2020; (2) Arrival would experience far greater capital and operational expense to operate and deploy its microfactories and manufacture EV vehicles than it had disclosed; (3) Arrival would not capitalize on or achieve profitability or provide meaningful revenue in the time periods disclosed; (4) Arrival would not achieve its disclosed production and sales volumes; (5) Arrival would not meet the disclosed production rollout deadlines; (6) accordingly, Arrival materially overstated its financial and operational position and/or prospects; and (7) as a result, defendants’ public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Arrival class action, go to http://www.rosenlegal.com/cases-register-2231.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

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