HONG KONG, Feb. 22, 2021 /PRNewswire/ -- Lion Group
Holding Ltd. ("Lion" or "the Company") (NASDAQ: LGHL), operator of
an all-in-one trading platform that offers a wide spectrum of
products and services with a focus on Chinese investors, today
announced a strategic partnership with Grandshores Technology Group
Limited ("Grandshores Technology") (HKEX: 01647).
Royal Lion Middle East DMCC, a company in the process of being
acquired by Lion, holds a digital asset trading license, issued by
Dubai Multi Commodities Centre ("DMCC"), and functions as a central
counterparty in the crypto asset market. Lion intends to hire
Grandshores Technology as a consultant to provide blockchain
technology support, advice on operations, and consulting services
in operating digital asset trading platforms.
With the cooperation, Lion is preparing to set up a blockchain
related fund up to a maximum of US$800
million. The fund will invest in digital currencies
including but not limited to Bitcoin (BTC), Ethereum (ETH) and its
ecological industry chain, and invest in the stocks of listed
companies in the blockchain field with growth potential, or the
equity of private companies that will be listed in the near future.
Additionally, Lion will also prepare the issuance of mainstream
digital currency trust funds similar to GrayScale. Mr. Yao Yongjie, chief technical adviser of Lion and
the Chairman of Grandshores Technology, will facilitate the
cooperation between the two parties.
"We are pleased to announce the partnership with Grandshores
Technology, which offers many resources and extensive investment
management experience within the blockchain field," Mr.
Chunning (Wilson) Wang, Chief
Executive Officer of Lion, commented. "Through this cooperation, we
will leverage the advantages of our respective capital, platform
and resources to achieve success and sustainable growth in the
development of blockchain technology and industry."
About Lion
Lion Group Holding Ltd. (NASDAQ: LGHL) operates an all-in-one
trading platform that offers a wide spectrum of products and
services with a focus on Chinese investors. Through its
state-of-the-art technology, Lion offers contract-for-difference
(CFD) trading, insurance brokerage, futures brokerage, and
securities brokerage on its platform, which can be accessed through
applications available on the iOS, Android, Windows, and macOS
systems. Lion's customers are well-educated and affluent Chinese
individual investors residing both inside and outside the PRC as
well as institutional clients in Hong
Kong. Additional information may be found at
http://ir.liongrouphl.com.
Forward-Looking Statements
This press release contains, "forward-looking statements" within
the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. Lion's actual results may
differ from their expectations, estimates and projections and
consequently, you should not rely on these forward-looking
statements as predictions of future events. Words such as "expect,"
"estimate," "project," "budget," "forecast," "anticipate,"
"intend," "plan," "may," "will," "could," "should," "believes,"
"predicts," "potential," "might" and "continues," and similar
expressions are intended to identify such forward-looking
statements. These forward-looking statements include, without
limitation, Lion's expectations with respect to future performance
and anticipated financial impacts of the Business combination, the
satisfaction of the closing conditions to the business combination
and the timing of the completion of the business combination. These
forward-looking statements involve significant risks and
uncertainties that could cause actual results to differ materially
from expected results. Most of these factors are outside the
control of Lion and are difficult to predict. Factors that may
cause such differences include, but are not limited to: (1) the
inability to maintain the listing of the post-acquisition company's
ADSs on NASDAQ following the business combination; (2) the risk
that the business combination disrupts current plans and operations
as a result of the announcement and consummation of the
transactions described herein; (3) the inability to recognize the
anticipated benefits of the business combination, which may be
affected by, among other things, competition, the ability of the
combined company to grow and manage growth profitably and retain
its key employees; (4) costs related to the business combination;
(5) changes in applicable laws or regulations; (6) the possibility
that Lion may be adversely affected by other economic, business,
and/or competitive factors; and (7) other risks and uncertainties
to be identified in the proxy statement/prospectus relating to the
business combination, including those under "Risk Factors" therein,
and in other filings with the Securities and Exchange Commission
("SEC") made by Lion. Lion cautions that the foregoing list of
factors is not exhaustive. Lion cautions readers not to place undue
reliance upon any forward-looking statements, which speak only as
of the date made. Lion does not undertake or accept any obligation
or undertaking to release publicly any updates or revisions to any
forward-looking statements to reflect any change in its
expectations or any change in events, conditions or circumstances
on which any such statement is based, subject to applicable
law.
Contacts
Lion Group Holding
Tel: +852 2820 9011
Email: ir@liongrouphl.com
ICR, LLC
William Zima
Tel: +1 203 682 8233
Email: ir@liongrouphl.com
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SOURCE Lion Group Holding Ltd.