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He said that in May, this barometer for the Eurozone rose from minus 19.0 in April to minus 20.6, still close to the level seen at the bottom during the global financial crisis and the Eurozone sovereign debt crisis. This suggests that forecasts for a slight expansion in second-quarter consumption may be overly optimistic. He stated that, in fact, the decline in consumer confidence since the outbreak of the Iran war, as well as the weakness in business surveys, indicate that the region's economy may contract in the second quarter.

This relocation plan has drawn close attention to the company's governance. Proxy advisory firms usually provide voting recommendations to large institutional investors and play a key role in shareholder decisions. Both Glass Lewis and ISS have expressed reservations about ExxonMobil's relocation proposal, believing that this move could weaken shareholder rights and questioning its necessity. The company, on the other hand, insists that moving its place of incorporation from Delaware to Texas aligns with its long-term strategic interests and will better reflect its operational focus. This divergence highlights the challenges corporations face in balancing managerial intentions with shareholder expectations during major structural changes. As the shareholder voting day approaches, the clash of perspectives from both sides is expected to become more intense.

```htmlGolden Ten Data reported on May 21 that during the Q1 2026 earnings call, NIO CFO Qu Yu stated that other businesses (including after-sales, maintenance, car mall, energy, finance, and NIO Life) have seen a significant improvement in operating results since the fourth quarter of last year. In the first quarter, these businesses achieved a gross margin of over 20%, marking a new stage for service and community-related businesses. Regarding the annual target, the aim is to maintain a gross margin level of around 20% this year. Looking further ahead, NIO’s user base continues to grow, and with increased efficiency, the profitability of service and community-related businesses will also keep rising, becoming an important growth driver for NIO beyond new vehicles.```