BEIJING, March 12, 2020 /PRNewswire/ -- Bat Group, Inc.
(Nasdaq: GLG) (the "Company"), announced today that that the
Company has changed its name to TD Holdings, Inc., with an
estimated marketplace effective date of March 13, 2020.
The Company had initially changed its name in 2019 from China
Commercial Credit, Inc. to Bat Group, Inc. to better reflect our
business since we became a used luxurious car leasing business
operating in China after the
disposition of our micro-lending business in July 2018.
In November 2019, the Company
began the process of expanding its business to include commodities
trading and officially entered into the commodities trading
business in January 2020. So as to
avoid any negative effects due to the Company's current name, the
board of directors of the Company have decided to change the
Company's name to TD Holdings, Inc., which better represents our
current focus on the new commodities trading business. The letter
"T" in the name representing Chinese
character for "Bronze", indicating the Company's focus on
the commodities trading business, and particularly on the trading
of nonferrous metals such as bronze as the main direction of the
Company's business in the future.
About Bat Group, Inc.
Bat Group, Inc. (Nasdaq: GLG) is a used luxurious car rental and
commodities trading service provider in China. The used luxurious car business is
conducted under the brand name "BatCar" by the Company's VIE
entity, Tianxing Kunlun Technology Co. Ltd, from its headquarters
in Beijing. The commodities
trading business is conducted under the brand name "Huamucheng" by
the Company's VIE entity, Shenzhen Huamucheng Trading Co., Ltd. For
more information please visit https://www.imbatcar.com.
Safe Harbor Statement
This press release may contain certain "forward-looking
statements" relating to the business of Bat Group, Inc. and its
subsidiary companies. All statements, other than statements of
historical fact included herein are "forward-looking statements."
These forward-looking statements are often identified by the use of
forward-looking terminology such as "believes," "expects" or
similar expressions, involve known and unknown risks and
uncertainties. Although the Company believes that the expectations
reflected in these forward-looking statements are reasonable, they
do involve assumptions, risks and uncertainties, and these
expectations may prove to be incorrect. Investors should not place
undue reliance on these forward-looking statements, which speak
only as of the date of this press release. The Company's actual
results could differ materially from those anticipated in these
forward-looking statements as a result of a variety of factors,
including those discussed in the Company's periodic reports that
are filed with the Securities and Exchange Commission and available
on its website at http://www.sec.gov. All
forward-looking statements attributable to the Company or persons
acting on its behalf are expressly qualified in their entirety by
these factors. Other than as required under the securities laws,
the Company does not assume a duty to update these forward-looking
statements.
For more information, please contact:
Email: ir@imbatcar.com
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SOURCE Bat Group, Inc.