PHOENIX, April 15,
2024 /PRNewswire/ -- Moatable, Inc. (OTC
Pink: MTBLY) ("Moatable" or the "Company"), which operates two
US-based SaaS businesses, Lofty Inc.© and Trucker Path Inc.©, today
announced that Mr. James Reed
resigned from the Company's Board of Directors, effective on
April 12, 2024. Mr. Reed resigned for
personal reasons and not due to any disagreement with the Company
on any matter relating to the Company's operations, policies or
practices.
"On behalf of the Board of Directors, I would like to express my
gratitude to Mr. Reed for his time and valuable contribution
to Moatable over the past year," said Moatable's Chairman and
Chief Executive Officer, Mr. Joseph
Chen.
About Moatable Inc.
Moatable, Inc. (OTC Pink: MTBLY) operates several US-based SaaS
businesses including Lofty and Trucker Path. Moatable's American
depositary shares, each of which currently represents forty-five
Class A ordinary shares, trade on OTC Pink open market under the
symbol "MTBLY".
Forward-Looking Statements
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates" and similar statements. Statements that are
not historical facts, including statements about Moatable's beliefs
and expectations, including statements on making investments and
operating businesses that generate long-term returns for investors,
and expectations for future growth and innovation are
forward-looking statements. Forward-looking statements involve
inherent risks and uncertainties. A number of factors could cause
actual results to differ materially from those contained in any
forward-looking statement, including but not limited to the
following: Moatable's goals and strategies; Moatable's future
business development, financial condition and results of
operations; Moatable's expectations regarding demand for and market
acceptance of its services; Moatable's plans to enhance user
experience, infrastructure and service offerings. Further
information regarding these and other risks is included in our
annual report on Form 10-K for the year ended December 31, 2022 and other documents filed with
the SEC. All information provided in this press release is as of
the date of this press release, and Moatable does not undertake any
obligation to update any forward-looking statement, except as
required under applicable law.
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SOURCE Moatable, Inc.