社区

GUANGZHOU, China, Sept. 30, 2024 (GLOBE NEWSWIRE) -- Viomi Technology Co., Ltd (“Viomi” or the “Company”) (NASDAQ: VIOT), a leading technology company for home water solutions in China, celebrated its 6th anniversary of listing on Nasdaq on September 25, 2024. To mark this milestone, the Company grants approximately 9 million stock options to nearly 40 employees under the 2018 Share Incentive Plan. Recipients include elite employees from research and development, sales and marketing, etc.

The option awards aim to boost the motivation and creativity of core employees, fostering a culture of continuous innovation and success. It also underscores the Company’s dedication to retaining talents and reflects its confidence in future growth and development.

Mr. Xiaoping Chen, Founder and CEO of Viomi, commented: “Over the past decade, Viomi has attracted numerous global talents in the home water solutions industry and secured over 1,600 technology patents related to water purification. In the coming decade, we aim to attract more top global talents to develop advanced AI products and water purification solutions, providing fresh and healthy drinking water to users worldwide. We are dedicated to achieving our vision of ‘Global Water.’”

Following a major strategic reorganization on August 31, 2024, the Company will primarily focus on its AI home water solution businesses. In the first half of 2024, the Company returned to profitability and expects its full-year revenues for the Continuing Businesses1 to to be between RMB1.7 billion and RMB1.9 billion. Income from operations of the Continuing Businesses is expected to reach between RMB110 million and RMB130 million.

For more information about the previously announced Transaction, please visit: https://ir.viomi.com 

________________________

1 As announced on July 19, 2024, the Company has entered into definitive agreements with Mr. Xiaoping Chen to divest the Company’s IoT@Home portfolio products (excluding range hoods, gas stoves, and water heaters) (the “Divested Business”) The transaction has been completed on August 31, 2024. Each of the estimated revenues and income from operations of the Continuing Businesses is based on the Company’s preliminary estimates based on currently available information. In estimating the revenues and income from operations of the Continuing Businesses, the management of the Company has taken into consideration of revenues, cost of revenues, and operating expenses directly attributable to the Continuing Businesses and indirect operating expenses allocated to the Continuing Businesses as deemed appropriate by the management of the Company. The term “Continuing Businesses” refers to the Company’s businesses excluding the Divested Business.