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CORRESP: CORRESP

SEC announcement ·  Jan 19 04:22
Summary by Futu AI
NIO Inc. has addressed the Securities and Exchange Commission's (SEC) comments regarding its Form 20-F for the fiscal year ended December 31, 2022, which was filed on April 28, 2023. In a letter dated January 18, 2024, NIO Inc. provided detailed responses to the SEC's inquiries about the company's ownership structure, particularly the partial ownership of NIO China by state-owned enterprises and their influence on the company's operations and management. The company clarified that it maintains effective control over NIO China, with a 92.114% equity interest, and outlined the roles of the state-owned enterprises and their representatives. NIO Inc. also addressed the SEC's questions regarding the affiliation of Awesome Pilot Limited with government entities and the status of Xiaobei Chen, a director of NIO China, as a CCP official. The company proposed amendments to its 2022 Form 20-F to include these clarifications and disclosed that it does not expect to be identified as a Commission-Identified Issuer under the HFCAA after filing its annual report for the fiscal year ended December 31, 2022.
NIO Inc. has addressed the Securities and Exchange Commission's (SEC) comments regarding its Form 20-F for the fiscal year ended December 31, 2022, which was filed on April 28, 2023. In a letter dated January 18, 2024, NIO Inc. provided detailed responses to the SEC's inquiries about the company's ownership structure, particularly the partial ownership of NIO China by state-owned enterprises and their influence on the company's operations and management. The company clarified that it maintains effective control over NIO China, with a 92.114% equity interest, and outlined the roles of the state-owned enterprises and their representatives. NIO Inc. also addressed the SEC's questions regarding the affiliation of Awesome Pilot Limited with government entities and the status of Xiaobei Chen, a director of NIO China, as a CCP official. The company proposed amendments to its 2022 Form 20-F to include these clarifications and disclosed that it does not expect to be identified as a Commission-Identified Issuer under the HFCAA after filing its annual report for the fiscal year ended December 31, 2022.
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