SHENZHEN, China, Sept. 23,
2021 /PRNewswire/ -- TD Holdings, Inc. (Nasdaq: GLG)
(the "Company"), a commodities trading service provider
in China, today announced that the Company entered into a
strategic cooperation framework agreement (the "Agreement") on
September 17, 2021 with Guangdong
Enterprise Investment Promotion association ("GEIP"), a
not-for-profit organization founded by leading enterprises,
financial institutions, investment institutions, and government
investment promotion agencies, in Guangdong province.
Pursuant to the Agreement, the Company plans to develop a
lightweight new materials business in China. GEIP agrees to provide assistance and
services to the Company by using its extensive resources, assisting
the Company with launching its lightweight new material business,
jointly establish an industry guidance fund with local governments,
as well as launching the Company's smart digital cloud warehouse.
The parties plan to enter into a definitive agreement with details
of the cooperation in the future.
Ms. Renmei Ouyang, the Chief
Executive Officer of the Company, commented, "It is our honor to
cooperate with GEIP. According to the International Energy Agency's
Global Electric Vehicle Outlook, the global electric vehicle fleet
across all transport modes (excluding two/three-wheelers) shall
expand from over 11 million in 2020 to almost 145 million
vehicles by 2030, an annual average growth rate of nearly 30%. With
the growth of the electric vehicle market, this cooperation will
provide opportunities for the Company to develop the lightweight
new materials business and build a new material supply chain for
the electric vehicles industry."
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.