NIO Capital responds to rumors that Sequoia China and others have withdrawn from NIO Capital-affiliated companies

In response to the rumor that "Sequoia China and others have withdrawn their shares from companies affiliated with NIO Capital", a person related to NIO Capital told reporters that the adjustment by Sequoia and Hillhouse Capital in the form of capital reduction is a routine operation. After the operation, Wuhan Management's registered capital is 100 million yuan.