The MICT should file its financial results for the first quarter of 2022

MONTVALE, N.J., July 20, 2022 (GLOBE NEWSWIRE) — MICT, Inc. (NASDAQ: MICT) (“MICT” or the “Company”) today announces that it intends to file its Form 10-Q outlining its first quarter 2022 financial results by the close of business on Friday, July 22. 2022.

Darren Mercer, CEO of MICT, comments: “Following the inevitable delays due to the extremely strict COVID-19 lockdown protocols imposed in large parts of China, and now that our 2021 year-end results have been released, we are pleased to report that we and our auditors have completed our Q1 10-Q Report and expect to file it by end of business day Friday, July 22, 2022. Once this filing is complete, we will be up to date with our quarterly filings with the SEC. We thank our employees and auditors for their dedication and hard work, and our shareholders for their continued support and patience as we navigate these unavoidable circumstances. As the lockdowns in China begin to ease, we expect future periods to be completed in a timely manner. We look forward to sharing our results by Friday.

About the MICT

MICT is a fintech company primarily focused on growing and developing a suite of consumer fintech services in approximately 130 cities in China, with planned expansion into other markets. MICT has developed highly scalable proprietary platforms for insurance products (B2B, B2B2C and B2C) and financial services/products (B2C), whose technology is highly adaptable to other applications and markets. MICT has acquired and holds the license and required approvals from the Hong Kong Securities and Futures Commission to trade in securities and provide securities advisory and asset management services. MICT is also a member/registered with the Hong Kong Stock Exchange, the London Stock Exchange and the required Hong Kong and China Direct Clearing Companies. MICT’s financial services business and leading financial services product, the Magpie Invest app, is able to trade securities on the NASDAQ, NYSE, TMX, HKSE, China Stock Connect, LSE, Frankfurt Stock Exchange and the Paris Stock Exchange.

Precautionary Note on and forward-looking statements

This press release and the statements of Tingo’s and MICT’s management made in connection therewith contain “forward-looking statements” (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). The words “believe”, “may”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect” and similar expressions are intended to identify forward-looking statements . These forward-looking statements are based on Tingo’s and MICT’s respective current expectations and assumptions and are subject to significant risks and uncertainties that could cause actual results to occur (including whether the Merger will actually be completed and the anticipated benefits of the Merger to businesses of each of Tingo and MICT as described herein) differ materially from those contemplated in these forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, the risk factors described in each of Tingo’s and MICT’s filings with the Securities and Exchange Commission (“SEC”). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Neither Tingo nor MICT undertakes to publicly release any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unforeseen events, except as required by law. . The inclusion of any statement in this release does not constitute an admission by Tingo, MICT or any other person that the events or circumstances described in such statements will occur as described or are material.

MICT Contact information
Phone: (201) 225-0190

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