Nisun International Announces Increased Ownership by Largest Shareholder, Mr. Bodang Liu

SHANGHAI,Aug. 22,2024 -- Nisun International Enterprise Development Group Co.,Ltd ("Nisun International" or the "Company") (Nasdaq: NISN),a technology and industry driven integrated supply chain solutions provider,today announced that its largest shareholder,Mr. Bodang Liu,has increased his ownership in the Company through open market purchases.

On August 8,9 and 19,2024,Mr. Liu purchased an additional 102,700 shares at an average price of $9.73 per share,investing approximately $999,156 in total. This purchase increased Mr. Liu's ownership from 19.36% to 21.92% of the outstanding shares.

"We are deeply grateful to Mr. Liu for his unwavering belief in Nisun's mission and his substantial support for our growth initiatives," said Mr. Xin Liu,CEO of Nisun. "This additional investment not only reflects his trust in our business strategy but also highlights the compelling investment opportunity Nisun offers as a profitable and growing business,especially given our strong fundamentals and current low valuation. With cash per share standing at approximately $29.0,we believe the market has yet to fully recognize the intrinsic value of our company."

About Nisun International Enterprise Development Group Co.,Ltd

Nisun International Enterprise Development Group Co.,Ltd (NASDAQ: NISN) is a technology-driven,integrated supply chain solutions provider focused on transforming the corporate finance industry. Leveraging its industry experience,Nisun is dedicated to providing professional supply chain solutions to Chinese and foreign enterprises and financial institutions. Through its subsidiaries,Nisun provides users with professional solutions for technology supply chain management,technology asset routing,and digital transformation of tech and finance institutions,enabling the industry to strengthen and grow. At the same time,Nisun continues to deepen the field of industry segmentation through industrial and financial integration. Focusing on industry-finance linkages,Nisun aims to serve the upstream and downstream of the industrial supply chain while also assisting with supply-side sub-sector reform. For more information,please visit http://ir.nisun-international.com/

Cautionary Note Regarding Forward-Looking Statements

This press release contains information about Nisun's view of its future expectations,plans and prospects that constitute forward-looking statements. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including,but not limited to,risks and uncertainties associated with its ability to raise additional funding,its ability to maintain and grow its business,variability of operating results,its ability to maintain and enhance its brand,its development and introduction of new products and services,the successful integration of acquired companies,technologies and assets into its portfolio of products and services,marketing and other business development initiatives,competition in the industry,general government regulation,economic conditions,dependence on key personnel,the ability to attract,hire and retain personnel who possess the technical skills and experience necessary to meet the requirements of its clients,and its ability to protect its intellectual property. Nisun encourages you to review other factors that may affect its future results in Nisun's registration statement and in its other filings with the Securities and Exchange Commission. Nisun assumes no obligation to update or revise its forward-looking statements as a result of new information,future events or otherwise,except as expressly required by applicable law.

Contacts

Nisun International Enterprise Development Group Co.,Ltd

Investor Relations

Tel: +86 (21) 2357-0055

Email:[email protected]