Access additional case information on PACER Yandai Wang is the Exec. Terms of Service, The company's stock price plunged after analysts reported that SOS was "an intricate, 'pump and dump' scheme that used fake addresses, undisclosed related entities, and doctored photos of cryptocurrency mining rigs to create an illusion of success.". Currently, Yandai Wang is Executive Chairman & Chief Executive Officer for SOS Ltd. and Chairman & Chief Executive Officer at Sos Information Technology Co., Ltd. network. other risks and uncertainties indicated in SOS's SEC reports or documents filed or to be filed with the SEC by SOS. We will continue to invest in more high level rigs for our own mining use and increase the manpower to support local operations. The core infrastructure of SOS' marketing data, technology and solutions to insurance and emergency rescue services is built on big date, blockchain-based technology, cloud computing, AI, satellite, and 5G network, etc. At present, it includes cryptocurrency mining and may be extended to cryptocurrency security and insurance in the future. Don't miss the crucial news and insights you need to make informed legal decisions. The defendants are located in China, and enforcing a judgment in China is very, very difficult, the magistrate wrote. Mr. Yandai Wang, CEO and Chairman of SOS, commented, "This launch marks the step-by-step implementation of the company's plan. may be available from PACER. Since April 2021, we have carried out commodity transactions through our subsidiary SOS International Trading Co., Ltd. (the core infrastructure of SOS marketing data). It focuses on the research and development of big data, cloud computing, Internet of Things, block chain and artificial intelligence. Attorneys from the other firms did not respond to requests for comment. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. sos SOSAI+++ Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends. SOS LimitedSOS . SOS disclaims any obligation to update the forward-looking statements, whether as a result of new information, future events or otherwise. Forward looking statements may be identified by words such as "may", "can", "should", "will", "estimate", "plan", "project", "forecast", "intend", "expect", "predict", "believe", "seek", "target", "Outlook" or similar words. SOS Limited, through its operating subsidiary, SOS Information Technology Co., Ltd. ("SOS") is a high-technology company . from 8 AM - 9 PM ET. Aaronson Rappaport Feinstein & Deutsch, LLP Is Pleased To Announce Patrick P. Mevs & Daniel W. Milstein Have Become Members Of The Firm. Yandai Wang, Sos Ltd: Profile and Biography - Bloomberg Markets Subscribe Live Now Bloomberg TV+ Bloomberg Surveillance Bloomberg Surveillance with Tom Keene, Jonathan Ferro & Lisa. The products are divided into three categories: basic cloud, cooperative cloud and information cloud. Defendant Yandai Wang ("Wang") has served as SOS's Executive Chairman and Chief Executive Officer at all relevant times. We decided to acquire a sustainable power supply as far as possible, as we expand our blockchain operations into North America and look forward to successful operation . (pr, ), Judge Robert B. Kugler and Magistrate Judge Matthew J. Skahill added. SOS is a new high-tech company with artificial intelligence and blockchain as its core technologies. All rights reserved. We use cookies and browser capability checks to help us deliver our online services, including to learn if you enabled Flash for video or ad blocking. Senior U.S. District Judge Robert Kugler on Friday adopted a report by U.S. Magistrate Judge Elizabeth Pascal recommending approval of the settlement with SOS Ltd. of Qingdao City, China. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Fundamental company data and analyst estimates provided by FactSet. We will launch more mining rigs as we sign additional contracts. He received his undergraduate degree from the University of San Francisco and an undergraduate degree from PLA Information Engineering University. Yandai Wang, Chairman of SOS, commented, "SOS continues to increase its development of comprehensive blockchain solutions for digital trade, digital finance and other industries. Currently SOS has 31 mobile smart containers in Wisconsin. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. Current positions of Yandai Wang Forward looking statements may be identified by words such as "may", "can", "should", "will", "estimate", "plan", "project", "forecast", "intend", "expect", "predict", "believe", "seek", "target", "Outlook" or similar words. Discovery Company. When typing in this field, a list of search results will appear and be automatically updated as you type. . SOS warns that forward-looking statements are subject to many assumptions, risks and uncertainties that will change over time. Comprehensive performance, salary and tenure analysis for the CEO, board and leadership team. Cryptocurrency miningis the process of using sophisticated computer hardware to solve complex calculations, which results in the creation of new cryptocurrency tokens, the suit said. (Podcast). There are 1 older and no younger executives at SOS. Learn about SOS Limited (SOS) stock's management team. Over the past nine months, SOS management and its US team have been diligently developing its Super-Computing and Hosting Center in Wisconsin. We are in the process of building a leading supercomputer center in North America which will provide customers with cryptocurrency mining capacity & hosting service." About SOS Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. Mr. Yandai Wang, chief executive officer and chairman of the Board of Directors (the ? Customer Service| The joint venture, FD LLC, is expected to carry out crypto-currency mining operations and constructan international standardized Digital Super Computing Custody Operation Center. . A subscription to PACER is required. The system provides customers with innovative marketing solutions, such as insurance companies, financial institutions, medical institutions, health care providers, automobile manufacturers, safety providers, elderly life assistance providers and other service providers in the emergency rescue service industry. Attorneys from Faegre Drinker Biddle & Reath represented SOS and co-defendants Yandai Wang and Eric Yan. Defendant Dr. Eric H. Yan ("Yan") was hired by SOS on January 6, . It is also engaged in blockchain and cryptocurrency business. SOS remains committed to its block-chain strategy and strive to become a sustainability leader in the industry. This represents progress on another step in SOS' strategy to build out its North America operations. SOS Limited, a technology company, provides marketing data, technology, and solutions for emergency rescue services to corporate and individual members. Mr Wang is 43, he's been the Exec. He received an undergraduate degree from PLA Information Engineering University and an undergraduate degree from the University of San Francisco. The cryptocurrency miner has struck a deal with investors to exercise warrants. Based on our data team's research, Yandai Wang is the The SOS Group's CEO. QINGDAO, China, June 21, 2021 /PRNewswire/ -- SOS Limited (NYSE: SOS) (the "Company"or "SOS") announced today that it has entered into a joint venture agreement with Niagara Development LLC ("Niagara Development"), a New Jersey limited liability company, for a joint venture to be based in Niagara, Wisconsin. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. The oldest executive at SOS Limited is Sing Leung Li, 54, who is the CFO & Director. Currently, SOS, through its majority owned joint venture, FD LLC, has secured a power supply of 25 MW at its facility in Price County Wisconsin, which is expected to be increased to 37MW after certain system improvements are completed. SOS Ltd. is a holding company, which provides marketing data, technology and solutions to the emergency rescue services in China. No potential class members objected to the settlement terms, even after more than 125,000 notices of the settlement terms were sent out by various means. Forward-looking statements may be identified by the use of words such as "anticipate," "believe," "expect," "estimate," "plan," "outlook," and "project" and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements are based on information available as of the date of this press release and our management's current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. SOS may not realize its expectations, and its beliefs may not prove correct. " QINGDAO, China, October 28, 2021 /PRNewswire/ -- SOS Limited (NYSE: SOS) (the "Company" or "SOS") has actively been relocating its bitcoin mining rigs to a facility in Niagara, WI. Source: FactSet. SOS is an emerging marketing and solution provider based on blockchain and big data. Copyright 2023 Surperformance. Yandai Wang Number Of Employees 167 Sector Technology Services SOS Ltd. is a holding company, which provides marketing data, technology and solutions to the emergency rescue services in. Since. Trending on Pulse 2.0. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. About Us| Sources: FactSet, Dow Jones, Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. Age Mr Wang Mr Li 0 20 40 60 wallmine.com What does SOS do? Class Action Complaint alleging fraud in Kimberly Beltran v. SOS Limited, described as a Cayman Islands-domiciled, China-based technology company that purportedly provides marketing data, technology, and solutions for emergency rescue services whose securities are listed on the New York Stock Exchange; Yandai Wang, and Eric H. Yan at the U. S. District Court for the District of New Jersey. By using our website or by closing this message box, you agree to our use of browser capability checks, and to our use of cookies as described in our Cookie Policy. FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. We continue to explore the possibility of acquisition of Niagara Development, Sherman Development LLC, and Park Falls Management LLC. The company was founded by Zheng Yu Wang and Andrew Mason in 2001 and is headquartered in Qingdao, China. Yandai Wang, Chairman of SOS, commented, "SOS continues to increase its development of comprehensive blockchain solutions for digital trade, digital finance and other industries. More such rigs will go online as the company secures more power supply from electricity providers . Women, Influence & Power in Law UK Awards honors women lawyers who have made a remarkable difference in the legal profession. Additional information concerning these and other factors that may impact our expectations and projections can be found in our periodic filings with the SEC, including our Annual Report on Form 20-F for the fiscal year ended December 31, 2020. The suit claimed that SOS changed its business model multiple times and made false statements about the location of its offices, the nature of cryptocurrency mines it claimed to have purchased and agreements it had with other fabricated businesses. SOS Limited (Translation of registrant's name into English) Building 6, East Seaview Park, 298 Haijing Road, Yinzhu Street West Coast New District, Qingdao City, Shandong Province 266400 People's Republic of China +86-532-86617117 (Address of principal executive office) Indicate by check mark whether the registrant SOS has no insurance coverage and must pay the settlement out of its own pockets, and in 2021 China banned crypto-mining and cryptocurrency transactions, which limits the companys future prospects, according to Pascal. The company serves insurance companies, financial institutions, medical institutions, healthcare providers, auto manufacturers, security providers, senior living assistance providers, and other service providers in the emergency rescue services industry. SOS Limited : By: /s/ Yandai Wang : Name: Yandai Wang . The ideal candidate will hav CASH KRUGLER & FREDERICKS LLC is Celebrating Our 20th Anniversary & Newest Partners! The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: Readers are cautioned that the outcome of any legal proceedings that have been, or will be, instituted against the Company or other parties to the JV following announcement of the JV and planned operations of the JV; the ability of the Company to meet NYSE listing standards following the transaction and in connection with the consummation thereof; the inability to engage in the operations of the JV; risks that the proposed operations disrupts current plans and operations; costs related to the JV's operations; changes in applicable laws or regulations; the ability of the JV to meet its financial and strategic goals, due to, among other things, competition, the ability of the Company to grow and manage growth profitability, maintain relationships with customers and retain its key employees; the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors; and other risks and uncertainties described herein, as well as those risks and uncertainties discussed from time to time in other reports and other public filings with the Securities and Exchange Commission (the "SEC") by the Company. 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