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NIP Group Announces Appointment of New Independent Director

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NIP Group Inc. (NASDAQ: NIPG) has announced the appointment of Randy Hearst Harris as an independent director to its Board of Directors, effective September 24, 2024. Mr. Harris, founder of sports management company 3V and a member of the Hearst family, brings extensive experience in sports management, technology, and digital entertainment. A Loyola Marymount University graduate, he is a seasoned investor with a diverse portfolio including real estate, technology, and AI ventures.

Mario Ho, Chairman and Co-CEO of NIP Group, expressed enthusiasm about Harris's addition to the board, citing his expertise and alignment with the company's strategic vision. Hicham Chahine, Co-Founder and Co-CEO, highlighted Harris's leadership experience and industry understanding as valuable assets for guiding NIPG through its growth phase.

NIP Group Inc. (NASDAQ: NIPG) ha annunciato la nomina di Randy Hearst Harris come direttore indipendente nel suo Consiglio di Amministrazione, a partire dal 24 settembre 2024. Il signor Harris, fondatore della società di gestione sportiva 3V e membro della famiglia Hearst, porta con sé una vasta esperienza nella gestione sportiva, tecnologia e intrattenimento digitale. Laureato alla Loyola Marymount University, è un investitore esperto con un portfolio diversificato che include immobili, tecnologia e iniziative nel campo dell'IA.

Mario Ho, Presidente e Co-CEO di NIP Group, ha espresso entusiasmo per l'aggiunta di Harris al consiglio, citando la sua esperienza e allineamento con la visione strategica dell'azienda. Hicham Chahine, Co-Fondatore e Co-CEO, ha sottolineato l'esperienza di leadership di Harris e la sua comprensione del settore come risorse preziose per guidare NIPG nella sua fase di crescita.

NIP Group Inc. (NASDAQ: NIPG) ha anunciado el nombramiento de Randy Hearst Harris como director independiente en su Junta Directiva, efectivo a partir del 24 de septiembre de 2024. El Sr. Harris, fundador de la compañía de gestión deportiva 3V y miembro de la familia Hearst, aporta una amplia experiencia en la gestión deportiva, tecnología y entretenimiento digital. Graduado de la Universidad Loyola Marymount, es un inversor experimentado con un portafolio diverso que incluye bienes raíces, tecnología y proyectos de IA.

Mario Ho, Presidente y Co-CEO de NIP Group, expresó su entusiasmo por la incorporación de Harris al consejo, citando su experiencia y alineación con la visión estratégica de la empresa. Hicham Chahine, Co-Fundador y Co-CEO, destacó la experiencia de liderazgo de Harris y su comprensión de la industria como activos valiosos para guiar a NIPG durante su fase de crecimiento.

NIP Group Inc. (NASDAQ: NIPG)는 랜디 허스트 해리스를 독립 이사로 이사회에 임명했다고 발표했으며, 이는 2024년 9월 24일부터 효력이 발생합니다. 해리스 씨는 스포츠 관리 회사 3V의 창립자이자 허스트 가족의 일원으로, 스포츠 관리, 기술 및 디지털 엔터테인먼트 분야에서 광범위한 경험을 가지고 있습니다. 로욜라 메리마운트 대학교 졸업생인 그는 부동산, 기술 및 AI 사업을 포함한 다양한 포트폴리오를 가진 숙련된 투자자입니다.

마리오 호, NIP Group의 의장 겸 공동 CEO는 해리스의 이사회 합류에 대해 열정을 표현하며, 그의 전문성과 회사의 전략적 비전과의 일치를 언급했습니다. 히참 샤힌, 공동 창립자 겸 공동 CEO는 해리스의 리더십 경험과 산업 이해가 NIPG의 성장 단계를 안내하는 데 귀중한 자산이 될 것이라고 강조했습니다.

NIP Group Inc. (NASDAQ: NIPG) a annoncé la nomination de Randy Hearst Harris en tant que directeur indépendant de son conseil d'administration, avec effet à partir du 24 septembre 2024. M. Harris, fondateur de la société de gestion sportive 3V et membre de la famille Hearst, apporte une vaste expérience dans la gestion sportive, la technologie et le divertissement numérique. Diplômé de l'Université Loyola Marymount, il est un investisseur chevronné avec un portefeuille diversifié incluant l'immobilier, la technologie et des projets d'IA.

Mario Ho, président et co-CEO de NIP Group, a exprimé son enthousiasme quant à l'ajout de Harris au conseil, citant son expertise et son alignement avec la vision stratégique de l'entreprise. Hicham Chahine, co-fondateur et co-CEO, a souligné que l'expérience de leadership de Harris et sa compréhension de l'industrie sont des atouts précieux pour guider NIPG pendant sa phase de croissance.

NIP Group Inc. (NASDAQ: NIPG) hat die Ernennung von Randy Hearst Harris zum unabhängigen Direktor seines Aufsichtsrats bekannt gegeben, die am 24. September 2024 in Kraft tritt. Herr Harris, Gründer der Sportmanagementfirma 3V und Mitglied der Hearst-Familie, bringt umfangreiche Erfahrung in Sportmanagement, Technologie und digitaler Unterhaltung mit. Er ist Absolvent der Loyola Marymount University und ein erfahrener Investor mit einem vielfältigen Portfolio, das Immobilien, Technologie und KI-Unternehmen umfasst.

Mario Ho, Vorsitzender und Co-CEO von NIP Group, äußerte sich begeistert über Harris' Hinzufügung zum Vorstand und verwies auf dessen Fachwissen sowie auf die Übereinstimmung mit der strategischen Vision des Unternehmens. Hicham Chahine, Mitbegründer und Co-CEO, hob die Führungserfahrung von Harris und sein Branchenverständnis als wertvolle Vermögenswerte hervor, um NIPG durch seine Wachstumsphase zu steuern.

Positive
  • Appointment of Randy Hearst Harris as an independent director, bringing diverse experience in sports management, technology, and digital entertainment
  • Harris's background aligns with NIP Group's strategic vision and expansion plans
  • Addition of a board member with familiarity in the North American media and entertainment landscape
Negative
  • None.

SHENZHEN, China, Oct. 07, 2024 (GLOBE NEWSWIRE) -- NIP Group Inc. (NASDAQ: NIPG) (“NIP Group” or the “Company”), a leading digital entertainment company, today announced the appointment of Randy Hearst Harris as an independent director to its Board of Directors (the “Board”), effective September 24, 2024.

Mr. Harris, founder of the sports management company 3V, brings a wealth of experience to NIP Group’s Board. A Loyola Marymount University graduate, Mr. Harris is a seasoned investor with a diverse portfolio spanning real estate, technology, and AI ventures. As a member of the Hearst family, his familiarity and understanding of the media and entertainment landscape, particularly in the North America region, makes him a valuable addition to the Company’s Board.

“We are delighted to welcome Randy Hearst Harris to our board as an independent director,” said Mario Ho, Chairman and Co-CEO of NIP Group. “Randy’s extensive experience and passion for the digital sector make him an exceptional addition to NIP Group. His unique blend of expertise across sports management, technology, and digital entertainment aligns perfectly with our strategic vision. As we continue to expand our global footprint, Randy's insights will be invaluable in driving our growth and shaping our future direction.”

Hicham Chahine, Co-Founder and Co-CEO of NIP Group, added, “Randy Hearst Harris brings a wealth of leadership experience and a profound understanding of the industries central to our business model. His unique perspectives and proven track record will be instrumental in helping to guide NIPG through this transformative period of growth.”

About NIP Group Inc.
NIP Group (NASDAQ: NIPG) is a digital entertainment company created for a growing global audience of gaming and esports fans. The business was formed in 2023 through a merger between legendary esports organization Ninjas in Pyjamas and digital sports group ESV5, which includes eStar Gaming, a world-leader in mobile esports. Building on the success of its competitive teams with an innovative mix of business ventures, including talent management, event production, hospitality and game publishing, NIP Group is developing transformational experiences that entertain, inspire and connect fans worldwide, to expand its global footprint and engage digital-first gamers where they are. NIP Group currently has operations in Sweden, China, Abu Dhabi and Brazil, and its esports rosters participate across multiple game titles at the biggest events around the world.

Safe Harbor Statements
This press release contains statements that constitute “forward-looking” statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to” or other similar expressions. Among other things, the business outlook and quotations from management in this press release, as well as NIP Group’s strategic and operational plans, contain forward-looking statements. NIP Group may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about NIP Group’s beliefs, plans and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: NIP Group’s growth strategies; its future business development, results of operations and financial condition; its ability to maintain and enhance the recognition and reputation of its brand; developments in the relevant governmental laws, regulations, policies toward NIP Group’s industry; and general economic and business conditions globally and in the countries or regions where NIP Group has operations; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in NIP Group’s filings with the SEC. All information provided in this press release is as of the date of this press release, and NIP Group undertakes no obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:
NIP Group Inc.
Investor Relations: ir@nipgroup.gg
Public Relations: pr@nipgroup.gg


FAQ

Who is the new independent director appointed to NIP Group's Board?

Randy Hearst Harris, founder of sports management company 3V, has been appointed as an independent director to NIP Group's Board of Directors, effective September 24, 2024.

What experience does Randy Hearst Harris bring to NIP Group (NIPG)?

Randy Hearst Harris brings extensive experience in sports management, technology, and digital entertainment. He is a seasoned investor with a diverse portfolio spanning real estate, technology, and AI ventures, and has a strong understanding of the media and entertainment landscape, particularly in North America.

When did Randy Hearst Harris join NIP Group's Board of Directors?

Randy Hearst Harris joined NIP Group's Board of Directors as an independent director effective September 24, 2024.

How does NIP Group (NIPG) expect to benefit from Randy Hearst Harris's appointment?

NIP Group expects to benefit from Randy Hearst Harris's unique blend of expertise across sports management, technology, and digital entertainment, which aligns with their strategic vision. His insights are expected to be valuable in driving the company's growth and shaping its future direction, particularly as they expand their global footprint.

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