2024-10-19 06:22:26
Author: Zepp Health Corp. / 2023-07-24 00:23 / Source: Zepp Health Corp.

Zepp Health Corporation Provides Update on its Status under the Holding Foreign Companies Accountable Act

BEIJING,May 5,2022 -- Zepp Health Corp. ("Zepp Health" or the "Company") (NYSE: ZEPP),a cloud-based healthcare services provider with world-leading smart wearable technology,today announced that the Company is aware of the fact that it was identified by theUnited States Securities and Exchange Commission(the "SEC") under the Holding Foreign Companies Accountable Act ofthe United States(the "HFCAA") onMay 4,2022. Such identification may have resulted from the Company's filing of the annual report on Form 20-F for the fiscal year endedDecember 31,2021.

The Company understands that theSECmade such identification pursuant to the HFCAA and its implementation rules issued thereunder. This indicates that theSEChas determined the Company used an auditor,whose working paper cannot be inspected or investigated completely by thePublic Company Accounting Oversight Boardofthe United States(the "PCAOB"),to issue the audit opinion for the Company's financial statements for the fiscal year endedDecember 31,2021.

In accordance with the HFCAA,a company will be delisted from aU.S. stock exchangeif such company has been identified by theSECfor three consecutive years due to PCAOB's inability to inspect the auditor working paper related to such company.

Zepp Health is actively exploring plans to maintain its listing status and to best protect the interest of its stakeholders. The Company will continue to comply with applicable laws and regulations in both China and the U.S.

About Zepp Health Corporation (NYSE: ZEPP)

Zepp Health is a leading global developer of smart health technology,whose mission is to connect health with technology. Since its inception in 2013,Zepp Health has developed a platform of proprietary technology including AI chips,biometric sensors,data algorithms and operating systems,which drive a broadening line of smart health devices for consumers,data analytics services for population health,and industrial medical technology for diagnostics and care delivery. Zepp Health is one of the largest global developers of smart wearable health and consumer fitness devices,shipping 36 million units in 2021. Zepp Health Corp. is based in Hefei,China,with U.S. operations,Zepp Health USA,based in Cupertino,Calif. For more information,please visit https://ir.zepp.com/investor/pages/company-profile

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Statements that are not historical facts,including statements about the Company's beliefs and expectations,are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement,including but not limited to the following: the cooperation with Xiaomi,the recognition of the Company's self-branded products; the Company's growth strategies; trends and competition in global wearable technology market; changes in the Company's revenues and certain cost or expense accounting policies; governmental policies relating to the Company's industry and general economic conditions inChinaand the global. Further information regarding these and other risks is included in the Company's filings with the United States Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of this press release,and the Company undertakes no obligation to update any forward-looking statement,except as required under applicable law.

For investor and media inquiries,please contact:

Zepp Health Corporation


Grace Yujia Zhang


E-mail: ir@zepp.com

The Piacente Group,Inc.


Yang Song


Tel: +86-10-6508-0677


E-mail: zepp@tpg-ir.com

Zepp Health Corporation Provides Update on its Status under the Holding Foreign Companies Accountable Act

View original content:https://www.prnewswire.com/news-releases/zepp-health-corporation-provides-update-on-its-status-under-the-holding-foreign-companies-accountable-act-301540672.html

Tags: Banking/Financial Service Computer/Electronics Consumer Electronics Health Care/Hospital

Previous:

Next:

Leave a comment

CUSMail

CusMail provide the Latest News , Business and Technology News Release service. Most of our news is paid for distribution to meet global marketing needs. We can provide you with global market support.

© CUSMAIL. All Rights Reserved. Operate by Paid Release