Lianluo Smart Limited Announces Chairman of the Board of Directors to Increase Stake in the Company

Monday, May 14, 2018 General News
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BEIJING, May 14, 2018 /PRNewswire/ -- Lianluo Smart Limited ("Lianluo Smart" or the "Company") (Nasdaq: LLIT), a smart

service and products provider ináChina, today announced that Chairman of the Board of Directors, Mr. Zhitao He, has purchased additional 111,500 of Lianluo Smart's Class A Common Shares ("Shares") between April
27, 2018
and May 8, 2018, following his purchase of 360,000 Shares between April 4, 2018 and April 26, 2018. The purchases were made through a broker or dealer under a 10b5-1 plan established in December 12, 2017.

The details of the purchases can be found in Schedule 13D filed by Mr. He with the Securities and Exchange Commission on May 9, 2018.á

Mr. He commented, "My increasing shareholding in Lianluo Smart is based on my belief in the long-term development of the Company."

AboutáLianluo Smart Limited

Lianluo Smart Limited is a smart service and products provider, which develops, markets and sells medical wearable devices, intelligent smart devices and ecosystem platform ináChina. The medical wearable devices sector's major products are wearable sleep respiratory devices. It provides medical-grade detection and monitoring to OSA (Obstructive Sleep Apnea) syndrome patients. The smart devices sector is specialized in easy-using smart devices for sports, social contact, entertainment, remote-control and family health management. The smart ecosystem platform interconnects things and things, things and human. Lianluo Smart is endeavoring to become a leading provider of intelligent smart products both in domestic and international markets. More information may be found at www.lianluosmart.com.

COMPANY CONTACT:

Lianluo Smart LimitedáMary Li Tel: +86 10 8860 9850 liyz@dehaier.com.cn

INVESTOR RELATIONS COUNSEL:

The Equity Group Inc. Katherine Yao, Senior Associate Tel: +86 10 6587 6435 kyao@equityny.com

Cision View original content:http://www.prnewswire.com/news-releases/lianluo-smart-limited-announces-chairman-of-the-board-of-directors-to-increase-stake-in-the-company-300647479.html

SOURCE Lianluo Smart Limited



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