Frontline personnel and contractors deploying to help support Florida Power & Light with

expected outages along the Florida Gulf Coast

HOUSTON, Oct. 10, 2026 /PRNewswire/ -- To help support customers and communities impacted by Hurricane Isaias along the Northwest Florida Coast, CenterPoint Energy crews are heading out to play an important role in helping neighboring communities recover by restoring Hurricane Isaias-related outages. Through a mutual assistance effort supporting Florida Power & Light, CenterPoint has deployed 105 line workers and released approximately 150 contractor line workers and 100 vegetation management personnel to assist with restoration efforts in Pensacola. The combined workforce is expected to support restoration efforts over the coming days.

"Since we first began monitoring what would become Hurricane Isaias late last week, our team has been preparing diligently, tracking the system and taking proactive steps to support the customers and communities we serve across Greater Houston," said Jason Fabre, Vice President of Distribution and Special Response. "Today, we are proud to answer the call for mutual assistance and support our neighboring communities in other states during their time of need. Our team of 355 CenterPoint employees and contractors will bring the same commitment, focus and dedication to restoring service for customers across the Florida coast as we do here at home."

Supporting Our Neighbors in Florida

Mutual assistance is a hallmark of the utility industry. Utility companies regularly help one another following major storms and other emergency events. When another utility needs support, crews may be requested and deployed to assist with damage assessment, repairs and power restoration. Likewise, when our customers are impacted by outage events, utilities from across the country may answer the call to support restoration efforts. These partnerships help utilities restore service safely and more quickly, strengthen emergency preparedness and response capabilities, and support a coordinated approach to restoring power for customers and communities.

About CenterPoint Energy, Inc.

As the only investor owned electric and gas utility based in Texas, CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Indiana, Minnesota and Texas. As of June 30, 2026, the company owned approximately $48.3 billion in assets. With approximately 8,800 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com.

For more information, contact:

Communications

[email protected]

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Amap and Sands China mark the delivery of the first Tutu robots, with expected indoor navigation and 3D resort previews

MACAU, Oct. 10, 2026 /PRNewswire/ -- Amap, Alibaba Group's location-based services platform, and Sands China today marked the delivery of the first batch of Tutu robot dogs at a ceremony at NBA House at The Venetian in Macau.

Tutu is taking on a new role as Sands China's Robotic Guide No. 001, after the NBA House. The robots will begin providing visitor guidance at Sands Resorts Macau.

Under the partnership, Amap will also provide resort-wide indoor navigation, drawing on spatial information about floors, walkways, shops and public facilities. Using its spatial intelligence technology, Amap will build 3D models of selected resort areas, allowing visitors to preview from different viewing angles in the Amap app before arriving.

Welcoming Guests From NBA House to the Resorts

At the ceremony, Tutu walked autonomously from the waiting area to the stage, navigating around obstacles before stopping at the center. It moved without a remote control or leash.

Dr. DeVonne Iao, Senior Vice President and Chief Marketing Officer of Resort Marketing at Sands China, presented Tutu with its staff badge. The robot raised a front paw for a handshake and greeted the guests: "It is an honor to become Sands China's Robotic Guide No. 001. I look forward to providing more services in the future."

"We are delighted to welcome Tutu. This is our new step to bring tourism and technology together, and we look forward to Tutu making the resort experience more convenient and welcoming for visitors," Iao said.

Amap and Sands China will explore how Tutu can serve different settings across the resorts, matching its spatial intelligence capabilities to Sands China operational needs.

Successful Navigation at NBA House

At NBA House, Tutu's duties ranged from recommending food and exchanging fist bumps with fans to guiding children to restrooms.

During one interaction, a visitor extended a handshake with Tutu. The robot raised its front paw and reciprocated. When asked to sit, it sat down. After several exchanges, the visitor asked, "Can you take me somewhere to eat?" Tutu stood up and began leading the way.

Throughout the 11-hour workday, Tutu gave way to pedestrians, completed 214 requests for directions to facilities such as restrooms and service counters, and answered 4,546 questions in Chinese and English. It maintained the context of its tasks as visitors switched between languages and asked follow-up questions. The Tutu robots traveled more than 40 kilometers throughout NBA House — equivalent to 456 laps around a basketball court.

A Starting Point for Long-Term Service

The first activation with NBA House is just the beginning of Tutu's long-term services. At NBA House, Tutu operated amid shifting crowds, background noise and frequent changes in requests, completing its assigned services. Moving from NBA House to the resorts brings a different set of challenges: longer service periods, visitor requests spread across more locations and closer coordination with existing staff workflows. All of these will require reliable equipment, effective task scheduling and coordination among multiple robots.

"Today is more than Tutu's first day on the job — it is the start of long-term service," said Zhou Haijing, Chief Financial Officer of Amap. "The true value of this partnership lies in Tutu's ability to deliver reliable service during peak periods and become an integral part of the resorts' service operations."

Amap and Sands China will continue to refine the service, combining Sands China's resort operating experience with Amap's technology. The partnership will provide further practical experience in deploying embodied AI in tourism and hospitality settings.

SOURCE Amap

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Zoomlion Expands Mining Machinery Business as International Revenue Grows

CHANGSHA, China, Oct. 10, 2026 /PRNewswire/ -- Zoomlion Heavy Industry Science & Technology Co., Ltd. ("Zoomlion") is expanding its mining machinery business and strengthening international operations. In the first half of 2026, its mining machinery business grew by more than 57.20% year on year, while company-wide international revenue rose 12.45% to RMB 15.535 billion, accounting for 57.25% of total revenue.

Zoomlion is developing its construction, agricultural and mining machinery businesses across three major global equipment markets. Its mining portfolio covers excavation, loading, haulage, crushing and screening.

Flagship models include the ZE4000G, a 400-tonne mining excavator, and the ZTE520 hybrid electric-drive mining truck, with a rated payload of 300 tonnes.

Zoomlion's mining engineering roots stretch back decades. In 1987, its predecessor, the Changsha Construction Machinery Research Institute, received a State Council award for developing a complete open-pit mining system capable of handling 10 million tonnes a year.

Zoomlion attributes the recent growth of its mining business to its focus on lowering equipment operating costs through continual product development, real-world testing and new technologies.

The company develops its equipment based on conditions in operating mines. In a previously reported six-month period, Zoomlion's research teams visited around 150 mines worldwide, identifying and addressing more than 50 technical challenges and incorporating field findings into product development.

"We calculate operating costs across the full equipment lifecycle so customers can see the economic benefit," said Wu Yuanfeng, deputy general manager of Zoomlion Mining Machinery. "Our pure-electric products can cut costs by more than 50%, and hybrid models can improve profitability by 15% or more, helping mines move toward more efficient, higher-quality operations."

Electrified mining equipment is also a growing focus for Zoomlion. Its hybrid mining trucks can cut fuel consumption by up to 40%, while its 100-tonne-class battery-electric mining trucks have logged more than 8,000 hours of stable operation. Its ZT160HEV hybrid mining truck can support up to 18 hours of continuous autonomous operation.

Zoomlion is also using automation and digital technology to improve mine productivity. The company has deployed autonomous trucks, remotely operated excavators and a system to coordinate mining fleets. At a large open-pit metal mine in northern China, the system increased average daily trips per truck by over 10%, according to Zoomlion.

The business has also gained traction across several international markets, with electrified equipment delivered to coal mines in Indonesia, open-pit mines in Argentina and projects in Ecuador and several African countries.

In the first half of 2026, Zoomlion's international revenue reached RMB 15.535 billion, up 12.45% year on year. International business accounted for 57.25% of total revenue, an increase of 1.67 percentage points from a year earlier. The company said growth in South America, Europe, Southeast Asia, Africa and East Asia outpaced its overall international growth rate.

To support its international business, Zoomlion is strengthening localized manufacturing, sales and service capabilities. As of June 30, 2026, it operated more than 30 primary business hubs, over 530 secondary and tertiary outlets, and more than 300 spare parts warehouses worldwide. Its Hungarian aerial work platform factory began production, while its German facility was expanded and upgraded into a multipurpose hub.

"Our overseas front-line operations and back-office teams are now digitally connected, enabling seamless 24-hour coordination," said Liu Jianqiang, Zoomlion's marketing director and deputy general manager of its overseas business.

The expansion of mining machinery and the continued growth of international operations are broadening Zoomlion's sources of revenue. In the first half of 2026, its mining machinery business grew by more than 57.20% year on year, while the company continued to build localized capabilities in overseas markets.

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Bi-Coastal Integrated Marketing and Public Relations Firm Earns No. 14 Ranking in O'Dwyer's 2026 Home Furnishings PR Rankings

LOS ANGELES, Oct. 10, 2026 /PRNewswire/ -- Bicoastal integrated marketing and public relations firm Marketing Maven has ranked No. 14 among the nation's top home furnishings PR firms, according to the latest rankings from O'Dwyer's.

O'Dwyer's ranks PR firms based on net fee income, defined as charges for PR counseling and time spent preparing and placing stories in media. Firms included in the home furnishings ranking report net fees for accounts classified within the home furnishings PR specialty.

The O'Dwyer's home furnishings rankings cover work handled for consumer goods and products clients. Since 1968, O'Dwyer's has tracked the growth of PR specialties as well as the broader public relations industry.

The Top 15 home furnishings PR firms in the country this year are:

- Zeno Group

- Edelman

- Hunter

- L.C. Williams & Associates

- Ruder Finn Inc.

- 360PR+

- Coyne PR

- Trevelino/Keller

- Pierpont Communications

- Otter PR

- Padilla

- French | West | Vaughan

- TruePoint Communications

- Marketing Maven Public Relations

- Scenario Communications

Marketing Maven, founded in the greater Los Angeles area by CEO and President Lindsey Carnett, is a full-service integrated marketing agency. The agency specializes in public relations, brand strategy, social media, digital advertising, influencer marketing and market research, providing integrated communications strategies designed to build visibility and connect brands with their target audiences.

"We are proud to be recognized by O'Dwyer's as one of the nation's top home furnishings PR firms," said Carnett. "For consumer brands, strong public relations is about more than visibility. It's about understanding what matters to customers- either business-to-business or business-to-consumer and telling stories that resonate with them. This recognition reflects our team's commitment to helping brands make those meaningful connections."

About Marketing Maven:

With offices in Los Angeles and New York, Marketing Maven is a full-service marketing and communications agency. With origins in direct response public relations, Marketing Maven has developed into a premier voice in brand strategy, social media, innovative media relations, market research, Hispanic marketing, digital advertising and search engine optimization (SEO/GEO). Marketing Maven leads the industry in utilizing advanced metrics to measure their clients' marketing reach and providing competitive analysis unparalleled in the industry. For additional information about Marketing Maven, visit http://www.MarketingMaven.com.

Press Contact:

Name: Frank Tortorici

Email: [email protected]

SOURCE Marketing Maven Public Relations, Inc.

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Quzhou commemorates 2,577th anniversary of Confucius' birth

QUZHOU, China, Oct. 10, 2026 /PRNewswire/ -- This is a report from China.org.cn on the anniversary of Confucius' birth:

A grand ceremony was held Monday in Quzhou, eastern China's Zhejiang province, to commemorate the 2,577th anniversary of the birth of Confucius.

Held at the Southern Confucius Ancestral Temple, the event was hosted by the Quzhou municipal government.

Since 2004, Quzhou has developed a contemporary approach to honoring Confucius, with participants wearing modern attire and bowing, while grains, fruits, and vegetables are used as sacrificial offerings. Chanting, string music, and ceremonial music are also incorporated into the rites.

This year, participants sang "Lu Ming" from the "Book of Songs" before a series of traditional rites were performed. Kong Lingli, the 76th-generation lineal descendant of Confucius, later led participants to the Confucius Cultural Park, where representatives recited passages from Confucian classics and all participants bowed before a statue of Confucius.

Nearly 200 representatives of Confucius' descendants and clan members from 20 provincial-level regions across China, including Hong Kong, Macao, and Taiwan, as well as from overseas, attended the event.

In 2011, the Southern Confucius memorial ceremony was inscribed on China's national intangible cultural heritage list. In 2024, Quzhou's ceremony was held on the same day as the Confucius memorial ceremony in Qufu, Shandong province, for the first time.

Monday's ceremony was also one of the key activities of the 2026 Southern Confucianism Cultural Tourism Season.

Quzhou commemorates 2,577th anniversary of Confucius' birth

http://www.china.org.cn/2026-09/29/content_118717589.shtml

SOURCE China.org.cn

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NEW YORK and NEW ORLEANS, Oct. 9, 2026 /PRNewswire/ -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., notifies investors in Beta Bionics, Inc. ("Beta Bionics" or the "Company") (NasdaqGM: BBNX) of a class action securities lawsuit.

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of investors who purchased or otherwise acquired Beta Bionics common stock between July 30, 2025 and February 24, 2026, inclusive (the "Class Period"). This action is pending in the United States District Court for the Central District of California.

Follow the link below to get more information and be contacted by a member of our team:

https://www.ksfcounsel.com/cases/nasdaqgm-bbnx/

Beta Bionics investors should contact KSF Managing Partner Lewis Kahn toll-free at 1-833-538-3666 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nasdaq-bbnx/ to learn more.

>>>CLICK HERE for more information

CASE DETAILS: According to the Complaint, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects.

Specifically, the lawsuit alleges that Defendants failed to disclose to investors that: (i) the Company's sole commercialized device, the iLet Bionic Pancreas insulin pump ("iLet"), employed an aggressive automated dosing algorithm that malfunctioned and delivered dangerously high levels of insulin, causing hypoglycemic events, including hundreds of life-threatening events requiring medical intervention and hospitalization; (ii) the Company had received thousands of related customer complaints that it failed to investigate or timely report to the U.S. Food and Drug Administration ("FDA"); (iii) the FDA Form 483 issued to the Company in June 2025 identified more than 18,000 unreported complaints and was not, as Defendants represented, limited to a minor difference in interpretation of which complaints were reportable; (iv) the Company had failed to implement meaningful corrective actions in response to the Form 483, resulting in an FDA warning letter concerning the Company's quality management system, medical device reporting, and corrections and removals; and (v) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

The case is Holtzman v. Beta Bionics, Inc. et al., 26-cv-09999.

WHAT TO DO? If you invested in Beta Bionics and suffered a loss during the relevant time frame, you have until November 3, 2026 to request that the Court appoint you as lead plaintiff; however, your ability to share in any recovery does not require that you serve as a lead plaintiff.

>>>To Learn More, Click HERE

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, and a representative office in Luxembourg.

TOP 10 Plaintiff Law Firms - According to ISS Securities Class Action Services

To learn more about KSF, you may visit www.ksfcounsel.com.

>>>For More Information about the case, Click HERE

Contact:

Kahn Swick & Foti, LLC

Lewis Kahn, Managing Partner

[email protected]

1-833-538-3666

1100 Poydras St., Suite 960

New Orleans, LA 70163

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NEW YORK and NEW ORLEANS, Oct. 9, 2026 /PRNewswire/ -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., notifies investors in Duolingo, Inc. (NasdaqGS: DUOL) of a class action securities lawsuit.

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of investors who purchased Duolingo, Inc. Class A common stock between May 2, 2025 and February 26, 2026, inclusive (the "Class Period"). This action is pending in the United States District Court for the Western District of Pennsylvania.

Follow the link below to get more information and be contacted by a member of our team:

https://www.ksfcounsel.com/cases/nasdaqgs-duol/

Duolingo investors should contact KSF Managing Partner Lewis Kahn toll-free at 1-833-538-3666 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nasdaqgs-duol/ to learn more.

>>>CLICK HERE for more information

CASE DETAILS: According to the Complaint, throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects.

Specifically, the lawsuit alleges that Defendants failed to disclose to investors that: (i) Duolingo was deliberately adding friction to the user experience, through sharply increased ad volume, upselling of subscription tiers, and declining product quality, which Defendants knew would drive users away from the app and ultimately slow Daily Active User ("DAU") growth; (ii) Duolingo's extensive A/B testing showed Defendants that added friction in the free user experience was hurting DAU growth; (iii) Duolingo's rapidly produced AI content was degrading its product offerings, harming the user experience and user trends, and putting the sustainability of Duolingo's financial performance at risk; and (iv) rather than fueling sustained growth and strong user momentum through content and "product improvements" that "get improved retention," Duolingo's monetization push and lower-quality AI content were, as its ongoing A/B testing revealed, eroding both the product experience and the value of its subscription tiers.

The case is City of Dearborn Heights Act 345 Police & Fire Retirement System v. Duolingo, Inc., No. 26-cv-02199.

WHAT TO DO? If you invested in Duolingo and suffered a loss during the relevant time frame, you have until December 7, 2026 to request that the Court appoint you as lead plaintiff; however, your ability to share in any recovery does not require that you serve as a lead plaintiff.

>>>To Learn More, Click HERE

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, and a representative office in Luxembourg.

TOP 10 Plaintiff Law Firms - According to ISS Securities Class Action Services

To learn more about KSF, you may visit www.ksfcounsel.com.

>>>For More Information about the case, Click HERE

Contact:

Kahn Swick & Foti, LLC

Lewis Kahn, Managing Partner

[email protected]

1-833-538-3666

1100 Poydras St., Suite 960

New Orleans, LA 70163

CONNECT WITH US: Facebook || Instagram || YouTube || TikTok || LinkedIn

SOURCE Kahn Swick & Foti, LLC

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NEW YORK and NEW ORLEANS, Oct. 9, 2026 /PRNewswire/ -- - Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors with substantial losses that they have until November 2, 2026 to file lead plaintiff applications in a securities class action lawsuit against Hims & Hers Health, Inc. ("Hims" or the "Company") (NYSE: HIMS), if they purchased or otherwise acquired the Company's securities between August 4, 2025 and July 29, 2026, inclusive (the "Class Period"). This action is pending in the United States District Court for the Northern District of California.

What You May Do

If you purchased securities of Hims as above and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-833-538-3666 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nyse-hims/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by November 2, 2026.

>>>CLICK HERE for more information

About the Lawsuit

Hims & Hers Health and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

On July 29, 2026, during market hours, the Federal Trade Commission ("FTC") announced that it had filed a lawsuit against the Company "alleging that the telehealth provider shared consumers' sensitive health information about medical conditions with third-party advertising platforms despite claiming its services maintain consumers' privacy and deceives users about its billing and cancellation practices." The FTC further alleged that the Company fails to "clearly disclose that it charges consumers for prescriptions almost immediately after they submit an intake form, despite telling consumers that they will be able to consult with a medical provider to find a treatment that is 'right for them.'"

On this news, the price of Hims & Hers Health shares fell $4.32, or 14.73%, to close at $25.00 on July 29, 2026, on unusually heavy trading volume.

The case is Velanki v. Hims & Hers Health, Inc. et al., 26-cv-09313.

>>>To Learn More, Click HERE

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, and a representative office in Luxembourg.

TOP 10 Plaintiff Law Firms - According to ISS Securities Class Action Services

To learn more about KSF, you may visit www.ksfcounsel.com.

>>>For More Information about the case, Click HERE

Contact:

Kahn Swick & Foti, LLC

Lewis Kahn, Managing Partner

[email protected]

1-833-538-3666

1100 Poydras St., Suite 960

New Orleans, LA 70163

CONNECT WITH US: Facebook || Instagram || YouTube || TikTok || LinkedIn

SOURCE Kahn Swick & Foti, LLC

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NEW ORLEANS, Oct. 9, 2026 /PRNewswire/ -- Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC ("KSF"), announces that KSF has commenced an investigation into CVS Health Corporation ("CVS" or the "Company") (NYSE: CVS).

On August 2, 2023, the Company announced its financial results for the quarter ended June 30, 2023, disclosing that it was revising its diluted earnings-per-share ("EPS") guidance range to $6.53 to $6.75 from $6.90 to $7.12 and that operating income "decreased $1.4 billion, or 30.7%, in the three months ended June 30, 2023 compared to the prior year primarily due to declines in the Health Care Benefits segment[.]"

Thereafter, the Company and certain of its executives were sued in a securities class action lawsuit, charging them with failing to disclose material information during the Class Period in violation of federal securities laws, which remains ongoing.

KSF's investigation is focusing on whether CVS' officers and/or directors breached their fiduciary duties to its shareholders or otherwise violated state or federal laws.

If you have information that would assist KSF in its investigation, or have been a long-term holder of CVS shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at 1-833-538-3606 or email KSF Managing Partner Lewis Kahn ([email protected]), or visit https://www.ksfcounsel.com/cases/nyse-cvs/ to learn more.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, and a representative office in Luxembourg.

TOP 10 Plaintiff Law Firms - According to ISS Securities Class Action Services

To learn more about KSF, you may visit www.ksfcounsel.com.

Contact:

Kahn Swick & Foti, LLC

Lewis Kahn, Managing Partner

[email protected]

1-833-538-3606

1100 Poydras St., Suite 3200

New Orleans, LA 70163

SOURCE Kahn Swick & Foti, LLC

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NEW YORK and NEW ORLEANS, Oct. 9, 2026 /PRNewswire/ -- Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC ("KSF"), announces that KSF has continued its investigation into Microvast Holdings, Inc. (NasdaqCM: MVST).

On November 21, 2023, J Capital Research published a report entitled "MVST: Empty Facilities and a Grant Loss That Was Probably Hidden: Another China Hustle" alleging that the Company knew that a proposed $200 million U.S. Department of Energy Grant to help fund a proposed polyaramid separator production facility had been rescinded for months prior to a May 2023 Reuters report, but failed to inform investors. The report further alleged that "the majority of MVST's sales may be fake"; that "Chinese customers account for 57% of revenue in 2023" but drone footage showed the Company's Chinese factory "shows almost no activity"; that the Company "has disappeared from Chinese procurement lists" and "local competitors say the company is not making discernible sales," and that the Company's reported backlog was "dubious."

Thereafter, the Company and certain of its executives were sued in a securities class action lawsuit, charging them with failing to disclose material information in violation of federal securities laws. The court presiding over that case has denied the Company's motion to dismiss in part, allowing the case to move forward.

KSF's investigation is focusing on whether Microvast's officers and/or directors breached their fiduciary duties to its shareholders or otherwise violated state or federal laws.

If you have information that would assist KSF in its investigation, or have been a long-term holder of Microvast shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at 1-833-538-3606 or email KSF Managing Partner Lewis Kahn ([email protected]), or visit https://www.ksfcounsel.com/cases/nasdaqcm-mvst/ to learn more.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, and a representative office in Luxembourg.

TOP 10 Plaintiff Law Firms - According to ISS Securities Class Action Services

To learn more about KSF, you may visit www.ksfcounsel.com.

Contact:

Kahn Swick & Foti, LLC

Lewis Kahn, Managing Partner

[email protected]

1-833-538-3606

1100 Poydras St., Suite 960

New Orleans, LA 70163

CONNECT WITH US: Facebook || Instagram || YouTube || TikTok || LinkedIn

SOURCE Kahn Swick & Foti, LLC

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