For China, No Easy Way Out of ‘Zero-COVID’ Policy

As much of the world returned to some kind of new normal in 2022, China remains the only country sticking to a strict “zero-COVID” policy to control the spread of a global pandemic. While credited with saving lives, the policy slowed the economy, exacerbated supply-chain disruptions, cost millions of jobs, forced a large portion of Chinese residents into some form of lockdown for months, and is now, experts say, forcing Beijing’s leadership to seek a way out of a problem they don’t admit having.
Over the last weekend in November, protests against the zero-COVID policy erupted across China, the country where the virus was first identified in humans in late 2019 and where authorities in Wuhan, site of the initial outbreak, locked down millions of residents for most of the first four months of 2020.

That draconian step saved thousands of lives, according to Chinese figures, and since then many Chinese have compared the 6.6 million deaths worldwide to Beijing’s official count of just 15,986 deaths. The U.S. alone has lost more than 1.08 million people. Beijing’s policy emphasized “always putting the people and their lives above everything else,” according to a November 25 analysis in the official Xinhua news outlet.
‘We want freedom!’
But three years into zero-COVID, people fed up with being locked down are in the streets chanting “No PCR test, we want freedom!” “End the lockdowns!” “Step down, Communist Party!” Protests of this scale are rare because the Chinese Communist Party limits freedom of speech and association.
Under President Xi Jinping, whose increasingly authoritarian rule was extended for a historic third term in October, many citizens vent on social media, trying to stay ahead of censors.
“China at one point was one of the world leaders in COVID response, and now it’s the only country in the world that hasn’t gotten back to a near normal,” said Lawrence Gostin, a professor of global health law at Washington’s Georgetown University and director of the World Health Organization Collaborating Center on National and Global Health Law.
“I think part of the reason for that is literally the stubbornness of Chinese leadership, and particularly Xi Jinping,” he told VOA Mandarin via phone.
Xi Chen, an associate professor of health policy and economics at the Yale School of Public Health, told VOA Mandarin in a phone interview that public outrage and economic impact indicate that China needs to make “a big adjustment in its public health policy.”
Medical experts inside China are making similar arguments. Dr. Zhang Wenhong, who heads Shanghai’s expert panel on COVID, said in a recent video circulating on the Chinese app WeChat that Beijing should consider relaxing its zero-COVID strategy soon.
“Look at the U.S., their cases are several times higher than us, yet their people are living their lives to the fullest. It’s time for us to adjust our policy, people should be able to relax and live a normal life, we as medical workers are the ones that should be prepared to face a rise in severe cases,” he said in the video, which China’s censors deleted soon after it appeared.
Georgetown’s Gostin said that through conversations with top epidemiologists in Hong Kong who advise Beijing on its COVID strategy, he believes that Xi understands that China needs to end its zero-COVID policy.
“But China is running out of time,” Gostin added.
Authorities commit to policy
Officially, Chinese leadership had shown little interest in ending zero-COVID before the end of last month.
On November 29, during the regular daily press briefing, a Reuters reporter in Beijing asked Chinese Foreign Ministry spokesperson Zhao Lijian, “Given the widespread display of anger and frustration at the zero-COVID policy in recent days across China, is China thinking about ending it and if so, when?”

Zhao, usually quick with an answer, looked at the papers on his podium for almost 20 seconds before asking the reporter to repeat his question. Zhao then paused for another 15 seconds before saying that China is following a “dynamic zero-COVID policy” and there is no public anger.
His silence came after Xinhua issued commentaries on November 28, saying that while Beijing will do its best to accommodate the needs or desires of the people, it will stick to a “dynamic zero-COVID policy.”
“From newborn babies to centenarians, we won’t miss one infected case, we won’t give up on one patient,” one commentary said.
A day later, Vice Premier Sun Chunlan, who oversees China’s COVID containment efforts, urged further “optimization” of testing, treatment and quarantine policies, according to Reuters. The agency cited other officials saying that current restrictions, such as forcing people from their homes into quarantine centers if they test positive for the virus, would be implemented more flexibly to reflect local conditions.
Zero-COVID above all
Xi has staked his political reputation on the fight against COVID, and that continues to mean mass testing, snap lockdowns and extensive quarantines.

According to estimates by the Japanese investment bank Nomura, about 412 million people in China were in some kind of lockdown as of November 23. That accounts for almost a third of China’s total population and was up from 340 million the week before.
Shanghai, China’s most populous city and financial hub, experienced two months of strict lockdowns this spring, bringing business to a halt and severing key links in already disrupted regional and global supply chains.

In November, with the number of cases increasing in Beijing, many residents in the country’s capital feared a similar lockdown as residents of other cities blamed the zero-COVID policy for tragedies.
Father says policy ‘indirectly killed’ his son
In the western city of Lanzhou, a 3-year-old boy died of carbon monoxide poisoning after COVID restrictions kept him from receiving medical care. His father told Reuters that the strict COVID-19 policies “indirectly killed” his son.
In China’s northern city of Hohhot, a 55-year-old woman committed suicide by jumping from the 12th floor, where she had been quarantined for two weeks. The woman was reported to have suffered from anxiety and was on anti-depression medication, sparking discussion about the impact on mental health from strict zero-COVID lockdowns.
The last straw was a fire in Urumqi on November 24 that killed at least 10 people and injured nine in a building with stringent lockdown protocols that that may have prevented victims from fleeing the flames. In a news briefing after the fire, Li Wensheng, head of the Urumqi City Fire Rescue department, said “the residents lacked the ability to rescue themselves.”

“I think China’s zero-COVID strategy has been disastrous for the country in so many different ways,” said Gostin of Georgetown. “Most importantly it’s really been a huge violation of human rights: not just the lockdowns, but also the intrusive surveillance that we’ve seen of the entire population on their mobile phones.”
To enter any public space, all residents of China rely on a color-coded smart phone app that tracks exposure to infection. In June, media reports surfaced that authorities in Zhengzhou, the capital of central Henan province, were using the codes to restrict the movement of people heading to protest at local banks that had frozen their deposits.

An economy upended
Although the zero-COVID policy had nothing to do with the Zhengzhou bank run, it has slowed the country’s economic growth.
Previous official estimates said China’s economy would grow 5.5% in 2022. Now, the International Monetary Fund has lowered China’s economic growth projection for this year to 3.3%. The difference equals about $400 billion in lost GDP.
“International trade and tourism have ground to a halt. Supply chains have been severely disrupted,” Gostin said. “And all in all, I think it’s actually reduced public trust in Xi Jinping, and it burst the bubble of so-called Chinese efficiency and effectiveness in policy.”
Dr. Anthony Fauci, U.S. President Joe Biden’s chief medical adviser, said that he thinks China’s zero-COVID strategy “doesn’t make public health sense” on NBC’s “Meet the Press” on November 27.
“They went into a prolonged lockdown without any seeming purpose or endgame to it,” Fauci said.
Exit strategy
Unlike almost all other countries, a large percentage of China’s population lacks immunity because most people have not been infected with COVID. Without this so-called herd immunity, it may be difficult for China to extricate itself from its zero-COVID position.
The elderly are among the most vulnerable, but according to new statistics released by the Chinese Center for Disease Control and Prevention on November 29, only 65.8% of people over the age of 80 have received booster shots, up from 40% as of November 11.
Chen of the Yale School of Public Health said there’s real concern among international experts about China’s ability to treat severe cases.
“There is no shortage of hospital beds in China. The number of hospital beds per 100,000 people is basically the same as that of the United States. But for intensive care unit beds, it’s a completely different story,” he said.
According to government statistics, there are 3.6 intensive care (ICU) beds per 100,000 people in China, compared to 11 in Singapore and 29.4 in the United States.
“This is China’s weakest point,” Chen said. “Once the country relaxes the zero-COVID strategy, there will inevitably be a proportion of severe cases. And there will be deaths considering the current ICU beds level.”
He added that as the country pours all its medical resources to COVID testing, there are few resources available for making these long-term preparations.
Shin-Ru Shih, director of the Research Center for Emerging Viral Infections at Taiwan’s Chang Gung University in Taiwan, said that even though the omicron variant has become less virulent, it is still a threat to Chinese people who have not been infected or vaccinated.
“The best way for China to fight against COVID and to reduce economic impact is vaccination by next-generation vaccines,” she said.
Gostin stressed that it’s particularly important to make sure that a large percentage of the vulnerable populations gets jabbed with effective vaccines and boosters, saying “that is the only way China can emerge from zero-COVID … without a considerable loss of life.”

Source: Voice of America

Musk’s Company Aims to Soon Test Brain Implant in People

Tech billionaire Elon Musk said his Neuralink company is seeking permission to test its brain implant in people soon.
In a “show and tell” presentation livestreamed Wednesday night, Musk said his team is in the process of asking U.S. regulators to allow them to test the device. He said he thinks the company should be able to put the implant in a human brain as part of a clinical trial in about six months, though that timeline is far from certain.
Musk’s Neuralink is one of many groups working on linking brains to computers, efforts aimed at helping treat brain disorders, overcoming brain injuries and other applications.
The field dates to the 1960s, said Rajesh Rao, co-director of the Center for Neurotechnology at the University of Washington. “But it really took off in the ’90s. And more recently we’ve seen lots of advances, especially in the area of communication brain computer interfaces.”
Rao, who watched Musk’s presentation online, said he doesn’t think Neuralink is ahead of the pack in terms of brain-computer interface achievements. “But … they are quite ahead in terms of the actual hardware in the devices,” he said.
The Neuralink device is about the size of a large coin and is designed to be implanted in the skull, with ultra-thin wires going directly into the brain. Musk said the first two applications in people would be restoring vision and helping people with little or no ability to operate their muscles rapidly use digital devices.
He said he also envisions that in someone with a broken neck, signals from the brain could be bridged to Neuralink devices in the spinal cord.
“We’re confident there are no physical limitations to enabling full body functionality,” said Musk, who recently took over Twitter and is the CEO of Tesla and SpaceX.
In experiments by other teams, implanted sensors have let paralyzed people use brain signals to operate computers and move robotic arms. In a 2018 study in the journal PLOS ONE, three participants with paralysis below the neck affecting all of their limbs used an experimental brain-computer interface being tested by the consortium BrainGate. The interface records neural activity from a small sensor in the brain to navigate things like email and apps.
A recent study in the journal Nature, by scientists at the Swiss research center NeuroRestore, identified a type of neuron activated by electrical stimulation of the spinal cord, allowing nine patients with chronic spinal cord injury to walk again.
Researchers have also been working on brain and machine interfaces for restoring vision. Rao said some companies have developed retinal implants, but Musk’s announcement suggested his team would use signals directly targeting the brain’s visual cortex, an approach that some academic groups are also pursuing, “with limited success.”
Neuralink did not immediately respond to an email to the press office. Dr. Jaimie Henderson, a neurosurgery professor at Stanford University who is an adviser for Neuralink, said one way Neuralink is different from some other devices is that it has the ability to reach into deeper layers of the brain. But he added: “There are lots of different systems that have lots of different advantages.”

Source: Voice of America

Ms. Cindy McCain U.S. Ambassador to the Rome-based UN agencies visit Laos

Ms. Cindy McCain, United States Permanent Representative to the United Nations Rome-based agencies mandated to work on food, agriculture, nutrition and rural development – the Food and Agriculture Organization (FAO), the World Food Programme (WFP) and the International Fund for Agricultural Development (IFAD), has visited Lao PDR on Nov 30.
The aiming of visiting Lao PDR to learn about the country’s coping mechanisms amidst the global food crisis, and to highlight U.S. support to Lao PDR and its people.
Ambassador McCain said the following about her visit, “The work of the UN Food and Agriculture Agencies is essential to address food insecurity in Lao PDR. Together with the Lao government, the three agencies work to reduce hunger, improve learning and nutrition outcomes for primary school students, strengthen livelihoods of small-holder farmers, and bolster resilience of the country’s food systems. Conflict, especially in Ukraine, climate change, and COVID-19 increased global hunger to unprecedented levels. The United States will continue to be a top contributor and supporter of the agencies work here on the ground and around the world.”
During her visit, in the oversight role of the U.S. government as an important donor to the UN food agencies, Ambassador McCain seeks to understand the root causes of food insecurity and malnutrition in Laos, and see UN agencies’ hands-on solutions to these issues and their work on poverty reduction. Visiting Oudomsouk school in Bachieng Chaleunsouk district, she experienced WFP’s support to school-based nutrition in Champassak province. The main and long-term donor to the program is the U.S. Department of Agriculture, with the current support of food commodities arriving through WFP’s supply chain to Lao PDR, contributing to daily nutritious lunches for 64,000 primary school children in 707 schools around the country. While in Champassak, the Ambassador also had a chance to tour WFP’s warehouse in Pakse and learn how the world’s largest humanitarian agency targets the most vulnerable through its nutrition, resilience and emergency response in Lao PDR.
“Our Country Strategic Plan for Lao PDR is greatly supported by the United States, with the U.S. Department for Agriculture financing WFP to support the Lao Government’s school feeding programs since 2008, and the USAID Bureau for Humanitarian Assistance more recently contributing to our work around resilience for food security. As our programs are gradually shifting to national ownership and community management, we continue to count on the U.S. as an important partner for Lao PDR,“ WFP Country Director and Representative Jan Delbaere said.
Continuing her journey to the capital Vientiane, Ambassador McCain spent time with FAO learning about its proactive role to sustainably transform the Agri-food Systems and its Early Warning and Response to mitigate the impact of COVID-19 and the current food and fuel crisis on vulnerable communities in rural and urban areas.
Ambassador McCain learned how tailored and climate-resilient technology solutions applied to crop seeds are important to the agriculture sector in the Lao PDR and the vital role it plays in food systems worldwide. She visited the Rice and Cash Crop Research Center, which develops new varieties, hosts the traditional gene bank and provides quality seeds to farmers in the country and abroad to understand more about their research and development work in quality landrace and traditional seeds, and how this work directly impacts the future of world crop production.
The Ambassador continued her visit seeing the development and achievements of an exemplary woman-led – and primarily female membered – smallholder farmers’ cooperative of organic vegetable production. Thongmang Agricultural Cooperative is the main provider for high quality and safe food for Vientiane capital. With FAO support as a selected model farmer group, the cooperative has benefitted from increased opportunities to strengthen its capacities.
“I am proud to see how our work with the Government for seed quality improvement and for ensuring production of safe, diverse and nutritious produce with communities is continuously growing and contributing to transforming the food systems in the country. As FAO proactively monitors the impact of the current food and fuel crisis I am also very pleased that we continue to address the farmers’ challenges in food security and livelihoods exacerbated by the COVID-19 pandemic. Global efforts are needed to address these issues and we are pleased that the U.S. is supporting our efforts and recognizes the importance of this work for the food security and sustainable growth of the Lao PDR,” Nasar Hayat, FAO Representative to Lao PDR said.
The Ambassador was also updated on the development and achievements of IFAD investments in the Lao PDR, focusing on food security, nutrition, and value chain development with market linkages in the government convergence areas in partnership with Rome-based agencies and other development partners, namely to contribute to the elimination of poverty and hunger in rural areas, transforming agriculture, rural economies and food systems through investments, creating more inclusive, productive, resilient and sustainable rural economies.
How the United Nations, as a system, is assisting the Government of Lao PDR in these trying times of global insecurity, where the country is facing budgetary constraints due to compounding economic effects of the pandemic, and the global food and fuel crisis associated with the war in Ukraine, was discussed at a meeting with UN agencies led by Ms. Sara Sekkenes, UN Resident Coordinator to Lao PDR. The main focus of the meeting was the joint efforts of UN country team members including its food agencies in support of solutions for food insecurity.
The Resident Coordinator highlighted that “the UN’s priority is to support the most vulnerable and marginalized in this crisis. Joint UN efforts such as the program on High Frequency Data are needed which together with the Lao Academy for Economic and Social Sciences generates indispensable data evidence to assess the impact of the current shocks on people in Lao PDR that can inform necessary course corrections for policies and program that aim to tackle the challenges at hand.”
Visiting the office of the Mines Advisory Group (MAG), an organization contributing to the national UXO program supported also by UNDP in addressing the legacy of war with explosive ordnance disposal, informed Ambassador McCain of the inherent challenges to food production in war-torn countries contaminated with explosive remnants of war. Courtesy visits were also paid to the Ministry of Foreign Affairs, meeting with Deputy Minister Phoxay Khaykhamphithoune and to the Champassak Provincial Governor’s office Dr. Vilayvong Bouddakham to hear from national and provincial authorities how U.S. investments and the work of the UN food agencies are received.
With a similar aim, Ambassador McCain continues her journey to Cambodia before returning to her duty station in Rome, Italy.

Source: Lao News Agency

Hamburg Commercial Bank Goes Live on nCino

Germany’s “Best Performing Bank” completes successful implementation of the nCino platform to drive further efficiency

WILMINGTON, N.C. and LONDON and HAMBURG, Germany, Dec. 01, 2022 (GLOBE NEWSWIRE) — nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced that Hamburg Commercial Bank (HCOB) is now live on the nCino Bank Operating System®. nCino is supporting the Bank’s workflow from the processing of transactions in the pipeline, through structuring and credit decisioning to help expedite processes and enable increased efficiencies.

With representation across Germany’s metropolitan regions and in select markets in Europe, HCOB is a specialty financier, serving commercial clients and financing projects in the real estate and shipping sector, as well as in the renewable energy and infrastructure industry. The Bank recently won the “Euromoney Award for Excellence 2022” in the global category “World’s Best Bank Transformation” and boasts some of the best financial metrics in banking in Germany.

“We have transformed Hamburg Commercial Bank into a focused and profitable commercial bank within a few years and we intend to build on this foundation and expand our business in a measured manner. The nCino implementation is a great example of the execution of this strategy,” said Jan Lührs-Behnke, Head of Credit Office at Hamburg Commercial Bank. “We look forward to continuing to work with nCino as we are already achieving very positive results in terms of speeding up our processes, working more efficiently and creating a better customer experience”.

“We’re extremely proud to be partnered with HCOB and to have successfully deployed the nCino platform in Germany,” said Charlie McIver, Managing Director – EMEA at nCino. “HCOB has been on one of the most ambitious business and cloud tech transformations I have ever witnessed. nCino replaced consolidated data and replaced disparate legacy systems to create a single platform for credit origination and review. Through nCino, HCOB now has a flexible platform for the seamless initiation of financing to decision through to the booking of the loan. With the foundational implementation complete, we really look forward to further innovating HCOB’s capabilities.”

The nCino Bank Operating System transforms the way financial institutions (FIs) operate and interact across multiple business lines. nCino allows FIs to provide a personalized digital experience over the course of end-to-end financial journeys from onboarding, account opening, loan origination, data-driven insights and analytics spanning all lines of business and channels. nCino streamlines employee, client, and third-party interactions, resulting in increasing data optimization, profitability, efficiency, transparency, and regulatory compliance.

About nCino
nCino (NASDAQ: NCNO) is the worldwide leader in cloud banking. The nCino Bank Operating System® empowers financial institutions with scalable technology to help them achieve revenue growth, greater efficiency, cost savings and regulatory compliance. In a digital-first world, nCino’s single cloud-based platform enhances the employee and client experience to enable financial institutions to more effectively onboard clients, make loans and manage the entire loan life cycle, and open deposit and other accounts across lines of business and channels. Transforming how financial institutions operate through innovation, reputation and speed, nCino is partnered with more than 1,750 financial institutions of all types and sizes on a global basis. For more information, visit www.ncino.com.

About HCOB
Hamburg Commercial Bank AG (HCOB) is a private commercial bank headquartered in Hamburg, Germany. HCOB offers its clients a high level of structuring expertise in real estate financing and has a strong market position in international shipping. The bank is one of the pioneers in the pan-European project financing of renewable energies and digital infrastructure. HCOB offers individual solutions for international corporate clients as well as a focused corporate business in Germany. Reliable and timely payment products as well as other trade finance solutions also support the need of the bank’s customers. HCOB is aligning its activities with established ESG criteria. For further information, please visit: www.hcob-bank.com.

Media Contacts
nCino
Natalia Moose
Head of Marketing, EMEA
+44 07 8252 11135
natalia.moose@ncino.com

Judith Huss
Founder & owner Huss-PR-Consult
+49 89 6494 5570
Lindenstrasse 4
D- 82166 München-Gräfelfing
judith.huss@hussprconsult.de

Hamburg Commercial Bank
Katrin Steinbacher
Head of Press
+49 40 3333 11130
Gerhart-Hauptmann-Platz 50
20095 Hamburg
Germany

This press release contains forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally include actions, events, results, strategies and expectations and are often identifiable by use of the words “believes,” “expects,” “intends,” “anticipates,” “plans,” “seeks,” “estimates,” “projects,” “may,” “will,” “could,” “might,” or “continues” or similar expressions. Any forward-looking statements contained in this press release are based upon nCino’s historical performance and its current plans, estimates, and expectations, and are not a representation that such plans, estimates, or expectations will be achieved. These forward-looking statements represent nCino’s expectations as of the date of this press release. Subsequent events may cause these expectations to change and, except as may be required by law, nCino does not undertake any obligation to update or revise these forward-looking statements. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially including, among others, risks and uncertainties relating to the market adoption of our solution, competition, international expansion, and privacy and data security matters. Additional risks and uncertainties that could affect nCino’s business and financial results are included in reports filed by nCino with the U.S. Securities and Exchange Commission (available on our web site at www.ncino.com or the SEC’s web site at www.sec.gov). Further information on potential risks that could affect actual results will be included in other filings nCino makes with the SEC from time to time.

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AZIO Launches Cascade 98 Keyboard, the First Low-Profile Mechanical Keyboard With a Full-Size Number Pad — NOW LIVE on KICKSTARTER

The Cascade fully customizable 98% layout mechanical keyboard features a full-size number pad for improved typing accuracy and productivity

AZIO Cascade 98 Mechanical Keyboard

AZIO Cascade 98 Mechanical Keyboard

LOS ANGELES, Nov. 30, 2022 (GLOBE NEWSWIRE) — AZIO, the company that created the popular Cascade 75% Keyboard Series, announced today the launch of Cascade 98% on Kickstarter. Last March, AZIO successfully funded the Cascade 75 keyboard Series and hit its funding goal within the first week. As a follow-up, the Cascade 98 offers a full-size number pad and is available in standard and slim profiles. This gives users the option to go low-profile, which is trending among keyboard enthusiasts.

With customization options, users can expect to be able to customize their choice of key switches, keycaps, and even the aluminum top plate. The Cascade keyboard is now available in a 98% layout, which is a mix of form and function for users that prefer a full-featured keyboard in a compact foot print.

The Cascade and Cascade Slim come in two base keycap themes, Galaxy and Forest, with laser-etched font for a backlit effect. Four PBT-themed keycap sets can be purchased separately, with additional designs to come.

Most notably, the mechanical keyboard is designed with a hot-swappable switch mechanism that allows users to choose their preferred mechanical switch. Options on the Kickstarter include four different Gateron G-Pro switches: Blue, Brown, Yellow or Red, and three different Low-Profile Gateron switches: Blue, Brown or Red. The Cascade keyboard is compatible with any MX switches, so users can swap out and use their own preferred switches.

Other features of the Cascade 98% include:

  • Full-size number pad with a full-size ZERO key, which improves typing accuracy and productivity
  • Hot-swappable mechanical switches and key caps
  • Built-in foam dampers for enhanced acoustics while reducing vibration and rattle
  • Pre-lubed switches for smooth key actuation
  • A variety of different backlight settings, including RGB colors and animation patterns
  • Three adjustable feet positions for optimal comfort
  • System and connectivity toggles that let users shift between Mac and PC mode, or Bluetooth and USB mode
  • Connect/pair up to five devices at a time, with three Bluetooth Profiles and USB + RF modes

The Cascade 98 is now available on Kickstarter. Backers can take advantage of the Early Bird special, starting at $99 for any base model.

About AZIO Corporation

Founded in Los Angeles in 2009, AZIO was created as an answer to stagnant aesthetics of workspace accessories. Our design goal is to create cutting-edge products that are intuitively easy to use, provide maximum comfort, and leave a minimal environmental footprint. By circumventing traditional materials, forms, and functions, we break through conventional designs to create your dream workspace. Our goal is to spark creativity and uplift the way you work through a unique narrative that is efficient yet beautiful. Let us help revolutionize the way you work.

Contact Information:
William Ao
williamao@aziocorp.com
(909) 468-1198

Related Images

Image 1: AZIO Cascade 98 Mechanical Keyboard

AZIO Cascade 98 Mechanical Keyboard with low-profile, bronze color body, and Forest Light Key caps.

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CNH Industrial announces Senior Leadership Team change  

London, November 30, 2022

CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) today announces the appointment of Richard Miller as Senior Vice President of Internal Audit. Richard takes over from Carlo De Bernardi who has elected to retire following 38 years of dedicated service. With this appointment, Richard will join the Company’s Senior Leadership Team (SLT).

Richard Miller first joined CNH Industrial in 1990. He has since assumed roles of increasing responsibility in Internal Audit, most recently as Head of Internal Audit for the North America region.

“I want to thank Carlo for leading our Internal Audit function with excellence and impeccable character,” said Scott W. Wine, Chief Executive Officer, CNH Industrial. “In Richard, we have a worthy successor who will continue to ensure that our Company operates to the highest standards.”

CNH Industrial (NYSE: CNHI / MI: CNHI) is a world-class equipment and services company. Driven by its purpose of Breaking New Ground, which centers on Innovation, Sustainability and Productivity, the Company provides the strategic direction, R&D capabilities, and investments that enable the success of its global and regional Brands. Globally, Case IH and New Holland Agriculture supply 360° agriculture applications from machines to implements and the digital technologies that enhance them; and CASE and New Holland Construction Equipment deliver a full lineup of construction products that make the industry more productive. The Company’s regionally focused Brands include: STEYR, for agricultural tractors; Raven, a leader in digital agriculture, precision technology and the development of autonomous systems; Flexi-Coil, specializing in tillage and seeding systems; Miller, manufacturing application equipment; Kongskilde, providing tillage, seeding and hay & forage implements; and Eurocomach, producing a wide range of mini and midi excavators for the construction sector, including electric solutions. Across a history spanning over two centuries, CNH Industrial has always been a pioneer in its sectors and continues to passionately innovate and drive customer efficiency and success. As a truly global company, CNH Industrial’s 37,000+ employees form part of a diverse and inclusive workplace, focused on empowering customers to grow, and build, a better world.

For more information and the latest financial and sustainability reports visit: cnhindustrial.com

For news from CNH Industrial and its Brands visit: media.cnhindustrial.com

Contacts:

Media Relations Investor Relations
Email: mediarelations@cnhind.com Email: investor.relations@cnhind.com

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