BEIJING, Nov. 14, 2017 /PRNewswire/ -- China Internet
Nationwide Financial Services Inc. (NASDAQ: CIFS) ("CIFS" or the
"Company"), a leading financial advisory services company, today
announced that it has entered into an equity transfer agreement
(the "Agreement") to acquire 100% equity interest in Beijing
Anytrust Science & Technology Co., Ltd. ("Anytrust"), a big
data company focusing on providing data infrastructure design, big
data access and analytics, and document automation for enterprises
and government agencies in China.
Pursuant to the Agreement entered into on November 14, 2017 by and between the Company and
the sole and controlling shareholder of Anytrust, Beijing Tianhuang
Tongda Technology Co., Ltd., the Company will acquire 100% equity
interest in Anytrust for a total cash consideration of RMB12 million (approximately US$1.8 million) (the "Transaction"). The
Transaction is, subject to due diligence investigations by the
relevant parties, shareholder change registration with the State
Administration of Industry and Commerce and the satisfaction of
other customary closing conditions. Accordingly, there is no
guarantee that the Transaction will be consummated.
Mr. Jianxin Lin, Chairman and
Chief Executive Officer of CIFS, commented, "We are impressed with
the background and capability of the Anytrust team and very excited
to welcome the Anytrust team to join CIFS at this crucial moment as
we just launched our FinTech Initiative to prepare us for the next
phase of growth. As we previously disclosed, our FinTech Initiative
specifically centers around the development of a big data platform
that would allow the Company to leverage big data access,
analytics, artificial intelligence ("AI") and machine learning in
acquiring and retaining customers through precision marketing and
effective risk control. We believe the Anytrust acquisition will
jumpstart our FinTech Initiative and further expand our products
and services offerings to SMEs as well as financial
institutions."
About Beijing Anytrust Science & Technology Co.,
Ltd.
Established in June 2014 and
headquartered in Beijing, China,
Anytrust Science & Technology Co., Ltd. ("Anytrust") is a big
data company providing data infrastructure design, big data access
and analytics, and document automation for enterprises and
government agencies with customers including Tianhong Asset
Management, Yinhua Fund Management, BAIC Motor, Beijing North Star
Yayuncun Auto Marketplace, Yonyou FinTech Information Technology,
and Experian Information Solutions, etc. More information about
Anytrust can be found at www.anytrust.cn.
About China Internet Nationwide Financial Services
Inc.
Incorporated in 2014 and headquartered in Beijing, China Internet Nationwide Financial
Services Inc. provides financial advisory services, including
commercial payment advisory, intermediary bank loan advisory, and
international corporate financing advisory, to meet the financing
and capital needs of its clients, comprised largely of
small-to-medium sized enterprises.
Forward Looking Statements
This news release contains "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "will," "expects," "anticipates,"
"future," "intends," "plans," "believes," "estimates" and similar
statements. All statements other than statements of historical fact
in this press release are forward-looking statements and involve
certain risks and uncertainties that could cause actual results to
differ materially from those in the forward-looking statements.
These forward-looking statements are based on management's current
expectations, assumptions, estimates and projections about the
Company and the industry in which the Company operates, but involve
a number of unknown risks and uncertainties, Further information
regarding these and other risks is included in the Company's
filings with the U.S. Securities and Exchange Commission. The
Company undertakes no obligation to update forward-looking
statements to reflect subsequent occurring events or circumstances,
or changes in its expectations, except as may be required by law.
Although the Company believes that the expectations expressed in
these forward looking statements are reasonable, it cannot assure
you that such expectations will turn out to be correct, and actual
results may differ materially from the anticipated results. You are
urged to consider these factors carefully in evaluating the
forward-looking statements contained herein and are cautioned not
to place undue reliance on such forward-looking statements, which
are qualified in their entirety by these cautionary
statements.
INVESTOR RELATIONS:
China Internet Nationwide Financial Services Inc.
Email: ir@cifsp.com
Phone: +86 10 8587 8166
Tony Tian, CFA
Weitian Group LLC
Email: tony.tian@weitian-ir.com
Phone: +1 732 910 9692
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SOURCE China Internet Nationwide Financial Services Inc.