Natural Health Trends Announces Closing of Investigation by the SEC

Rhea-AI Summary

Natural Health Trends Corp. (NASDAQ: NHTC) announced the conclusion of a non-public investigation by the SEC, which began in August 2016. The SEC notified the company on September 30, 2021, that it does not intend to recommend enforcement actions. President Chris Sharng expressed satisfaction in putting this matter behind them, emphasizing the company's full cooperation during the investigation. NHTC markets premium personal care products under the NHT Global brand across Asia, the Americas, and Europe.

Positive

• SEC investigation concluded without enforcement action, eliminating legal uncertainty.
• Full cooperation with SEC showcases company's transparency.

Negative

• None.

HONG KONG, Oct. 01, 2021 (GLOBE NEWSWIRE) -- Natural Health Trends Corp. (NASDAQ: NHTC), a leading direct-selling and e-commerce company that markets premium quality personal care, wellness and “quality of life” products under the NHT Global brand, today announced the conclusion of a non-public investigation by the United States Securities and Exchange Commission (the “SEC”) that the Company previously disclosed in its SEC filings. On September 30, 2021, the SEC notified the Company that it has concluded its investigation and does not intend to recommend an enforcement action.

“We fully cooperated with the SEC throughout the duration of the investigation which began in August 2016 and are pleased to put this matter behind us,” commented Chris Sharng, President of Natural Health Trends Corp.

About Natural Health Trends Corp.

Natural Health Trends Corp. (NASDAQ: NHTC) is an international direct-selling and e-commerce company operating through its subsidiaries throughout Asia, the Americas, and Europe. The Company markets premium quality personal care products under the NHT Global brand. Additional information can be found on the Company’s website at www.naturalhealthtrendscorp.com.

Forward-Looking Statements

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Forward-looking statements in this press release do not constitute guarantees of future performance. Such forward-looking statements are subject to risks and uncertainties that could cause the Company’s actual results to differ materially from those anticipated. Such risks and uncertainties include the risks and uncertainties detailed under the caption “Risk Factors” in Natural Health Trends Corp.’s Annual Report on Form 10-K filed on February 26, 2021 with the Securities and Exchange Commission (SEC), as well as in subsequent reports filed this year with the SEC. The Company assumes no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein.

CONTACTS:

Company Contact:
Scott Davidson
Senior Vice President and Chief Financial Officer
Natural Health Trends Corp.
Tel (Hong Kong): +852-3107-0800
Tel (U.S.): 310-541-0888
scott.davidson@nhtglobal.com

Investor Contact:
ADDO Investor Relations
Tel: 310-829-5400
investor.relations@nhtglobal.com

FAQ

What was the outcome of the SEC investigation for NHTC?

The SEC concluded its investigation into Natural Health Trends Corp. and decided not to recommend any enforcement actions.

When did the SEC investigation of Natural Health Trends Corp. start?

The SEC investigation began in August 2016.

What date was the SEC investigation concluded for NHTC?

The SEC notified NHTC of the investigation's conclusion on September 30, 2021.

Who is the President of Natural Health Trends Corp.?

Chris Sharng is the President of Natural Health Trends Corp.

What products does Natural Health Trends Corp. market?

NHTC markets premium quality personal care, wellness, and quality of life products under the NHT Global brand.