The committee was formed “in order to protect the interests of all shareholders.
Nio’s independent committee consists of independent directors Denny Ting Bun Lee; Hai Wu, and Yu Long.
“The independent committee has retained independent professional advisors to assist with the Independent Investigation, including an international law firm and a well-regarded forensic accounting firm,” says Nio.
“The company reiterates its continued and unwavering commitment to maintaining high standards of corporate governance and internal control, as well as transparent and timely disclosure in compliance with applicable rules and regulations,” adds Nio.
See also: Nio chalks up higher sales for FY2024 but net loss widened by 8.1%
Nio is listed on the New York Stock Exchange, Hongkong Exchange and Singapore Exchange.
Nio’s SGX quoted shares closed at US$22.23 on July 8.
