EHang: Dispelling Misinformation and Reaffirming Commitment to UAM Leadership

EHang Hold­ings Lim­it­ed has vehe­ment­ly denied unfound­ed rumors that have recent­ly impact­ed its stock price. These base­less alle­ga­tions false­ly link the com­pa­ny to an inves­ti­ga­tion involv­ing Chris Hu by the U.S. gov­ern­ment. EHang unequiv­o­cal­ly states that these claims are untrue and that its man­age­ment team, includ­ing its CEO, has no per­son­al con­nec­tions to the inci­dent. The com­pa­ny remains com­mit­ted to trans­paren­cy and com­pli­ance in all its oper­a­tions.

GUANGZHOU, Chi­na, Sept. 04, 2024 (GLOBE NEWSWIRE) — EHang Hold­ings Lim­it­ed (“EHang” or the “Com­pa­ny”) (Nas­daq: EH), the world’s lead­ing urban air mobil­i­ty (“UAM”) tech­nol­o­gy plat­form com­pa­ny, today strong­ly refut­ed recent unfound­ed rumors cir­cu­lat­ing in retail investor com­mu­ni­ties. These base­less alle­ga­tions have no foun­da­tion in truth and have unfair­ly impact­ed the Com­pa­ny’s stock price.

EHang’s Response to Rumors

The rumor false­ly claims that EHang is relat­ed to an inves­ti­ga­tion on Chris Hu by the U.S. gov­ern­ment. EHang unequiv­o­cal­ly denies this.  

The Com­pa­ny’s man­age­ment team, includ­ing Huazhi Hu, EHang’s Founder, Chair­man and CEO, has no rel­a­tives or any per­son­al con­nec­tions involved in the inci­dent men­tioned in the rumors, and any sug­ges­tion oth­er­wise is com­plete­ly fab­ri­cat­ed. EHang cat­e­gor­i­cal­ly denies any involve­ment in activ­i­ties that could harm its rep­u­ta­tion or stand­ing with reg­u­la­to­ry bod­ies.

EHang’s Dedication to Transparency and Compliance

EHang has always main­tained the high­est stan­dards of trans­paren­cy and com­pli­ance in all its oper­a­tions to ensure that it meets legal and eth­i­cal oblig­a­tions in both Chi­na and the U.S.

EHang’s Focus Remains Unchanged

The Com­pa­ny remains focused on its mis­sion to devel­op and com­mer­cial­ize cut­ting-edge autonomous aer­i­al vehi­cle tech­nol­o­gy. It will con­tin­ue work­ing dili­gent­ly to bring inno­v­a­tive solu­tions to mar­ket and dri­ve long-term val­ue for its share­hold­ers.

EHang’s Call for Reliable Information

EHang urges investors and the pub­lic to rely on offi­cial com­mu­ni­ca­tions from the Com­pa­ny for accu­rate and up-to-date infor­ma­tion. The Com­pa­ny will reserve the right to take appro­pri­ate legal action against those who prop­a­gate false and mis­lead­ing infor­ma­tion to pro­tect its rep­u­ta­tion and the inter­ests of its share­hold­ers.

Parting Thoughts

EHang’s firm rebut­tal under­scores its unwa­ver­ing com­mit­ment to trans­paren­cy and reg­u­la­to­ry com­pli­ance. As the com­pa­ny con­tin­ues to pio­neer advance­ments in UAM tech­nol­o­gy, it’s imper­a­tive for stake­hold­ers to rely on ver­i­fied infor­ma­tion and avoid the pit­falls of mar­ket spec­u­la­tion. EHang’s proac­tive approach in address­ing these rumors serves as a tes­ta­ment to its ded­i­ca­tion to main­tain­ing open com­mu­ni­ca­tion and safe­guard­ing its rep­u­ta­tion in the indus­try.

For More Information:

• EHang Hold­ings Lim­it­ed
• Nas­daq: EH
• Civ­il Avi­a­tion Admin­is­tra­tion of Chi­na

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