EHang ‘unequivocally denies’ unfounded rumors of link to Chris Hu investigation

EHang Holdings “strongly refuted recent unfounded rumors circulating in retail investor communities,” the company stated in a press release. EHang stated: “These baseless allegations have no foundation in truth and have unfairly impacted the Company’s stock price. The rumor falsely claims that EHang is related to an investigation on Chris Hu by the U.S. government. EHang unequivocally denies this. The Company’s management team, including Huazhi Hu, EHang’s Founder, Chairman and CEO, has no relatives or any personal connections involved in the incident mentioned in the rumors, and any suggestion otherwise is completely fabricated. EHang categorically denies any involvement in activities that could harm its reputation or standing with regulatory bodies. EHang has always maintained the highest standards of transparency and compliance in all its operations to ensure that it meets legal and ethical obligations in both China and the U.S. The Company remains focused on its mission to develop and commercialize cutting-edge autonomous aerial vehicle technology. It will continue working diligently to bring innovative solutions to market and drive long-term value for its shareholders. EHang urges investors and the public to rely on official communications from the Company for accurate and up-to-date information. The Company will reserve the right to take appropriate legal action against those who propagate false and misleading information to protect its reputation and the interests of its shareholders.”