SHENZHEN, China, Sept. 10, 2021 /PRNewswire/ -- TD Holdings,
Inc. (Nasdaq: GLG) (the "Company"), a commodities
trading service provider in China, today announced that
the Company has entered into a strategic cooperation framework
agreement (the "Agreement") with Guangzhou Wensheng Blockchain
Technology Co., Ltd. ("GWBT"), a high-tech company focusing on
"blockchain+" application solutions to apply blockchain technology
in the supply chain financing and development of cloud based
warehouse.
Pursuant to the Agreement dated September
8, 2021, both parties agree to share blockchain technology
related information and jointly apply blockchain technology in the
supply chain financing and digital cloud warehouse business. GWBT
agrees to support the Company in building and improving its digital
cloud warehouse logistics platform and optimizing the settlement
and payment system for commodities trading. GWBT also agrees to
provide the Company with technical equipment and consulting
services regarding tracing and financing of supply chain. The
parties plan to enter into definitive agreement with details of the
cooperation in the future.
Ms. Renmei Ouyang, the Chief
Executive Officer of the Company, commented, " We are excited to
become a strategic partner of GBWT. Leveraging the respective
advantages of GBWT's blockchain technology and the Company's access
to U.S. capital market as a U.S. listed company, we believe the
alliance will further enhance our existing platform and business.
With the tremendous market potential of blockchain in the supply
chain financing and digital cloud warehouse business, we look
forward to working with GBWT on this important initiative."
About TD Holdings, Inc.
TD Holdings, Inc. is a service provider currently engaging in
commodity trading business and supply chain service business
in China. Its commodities trading business primarily involves
purchasing non-ferrous metal product from upstream metal and
mineral suppliers and then selling to downstream customers. Its
supply chain service business primarily has served as a one-stop
commodity supply chain service and digital intelligence supply
chain platform integrating upstream and downstream enterprises,
warehouses, logistics, information, and futures trading. For more
information, please visit http://ir.tdglg.com.
Safe Harbor Statement
This press release may contain certain "forward-looking
statements" relating to the business of TD Holdings, 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. The following factors,
among others, could cause actual results to differ materially from
those described in these forward-looking statements: there is
uncertainty about the spread of the COVID-19 virus and the impact
it will have on the Company's operations, the demand for the
Company's products and services, global supply chains and economic
activity in general. Investors should not place undue reliance on
these forward-looking statements, which speak only as of the date
of this press release. 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:
Ascent Investor Relations LLC
Ms. Tina Xiao
Email:tina.xiao@ascent-ir.com
Tel: +1 917 609 0333
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SOURCE TD Holdings, Inc.