Benzinga | Mar 1, 2021 08:17AM EST

SOS Limited Responds to "Short and Distort" Allegations; Says "The Co. believes these attacks were purposefully designed to manipulate the price of the Company's shares, with the aim of causing a stock price decline in order to economically benefit short

SOS Limited (NYSE: SOS) (the "Company" or "SOS") was recently attacked by short sellers with distorted, misleading, and unsubstantiated claims regarding the Company. The Company also believes certain social media accounts of some Company board members may have been impersonated or disabled for short periods of time. The Company believes these attacks were purposefully designed to manipulate the price of the Company's shares, with the aim of causing a stock price decline in order to economically benefit the short sellers, to the detriment of the Company's public shareholders.

SOS stands behind the integrity of the Company and remains committed to maintaining transparency and the highest ethical principles. SOS reserves all rights that it may have against these short sellers and will defend itself vigorously against those behind these attacks and misleading allegations. The Company is preparing a more detailed response to the false innuendo and lies that are being spread about the Company. SOS looks forward to vigorously defending itself, addressing these matters and providing more information in the coming days.

The Company also plans to enhance its investor relations capabilities in the future. In the meantime, please submit any inquiries that you have about this rapidly developing situation to ir@sosyun.com. The Company will consider these inquiries and address them collectively in a consolidated response.