NIO Inc. announced changes to the composition of both its compensation and audit committees, effective January 16, 2020. Current NIO director, Denny Ting Bun Lee, has been appointed as a member of the company's compensation committee, replacing current NIO director, James Gordon Mitchell. In addition, Mr. Mitchell will not serve as a member of the Company's audit committee. Mr. Mitchell will continue servicing as a member of the Company's board of directors.