Newegg Commerce, Inc. Furnishes Information in Accordance with Disclosures Made by Controlling Stockholder Hangzhou Lianluo
On July 14, 2021, Hangzhou Lianluo Interactive Information Technology Co., Ltd ("Hangzhou Lianluo") issued a statement via a public filing in China stating that it believes that the gross merchandise value ("GMV"), net sales and net income of Newegg Commerce, Inc. (the "Company," "us," "our," or "we") for the six months ended June 30, 2021 are expected to increase over the GMV, net sales and net income for the same period in 2020. Hangzhou Lianluo is the controlling stockholder of the Company and is publicly traded on the Shenzhen stock exchange. Hangzhou Lianluo made this filing in order to comply with the rules and regulations of the Shenzhen stock exchange. The Company is correspondingly
