WUHAN, China, Feb. 12, 2018 /PRNewswire/ -- SSLJ.com Limited
(NASDAQ: SSLJ) (the "Company"), a vertically integrated O2O home
decoration service and product provider in China announced today, that the Company has
entered into a strategic cooperation framework agreement (the
"Agreement") with Hubei Rural Credit Cooperatives ("HBRCC"). HBRCC
is the largest federal credit union located in the Hubei province of China. HBRCC is responsible for establishing
financing platforms to enhance cooperation between parties in
investment and financing to support business development and
improve both parties' overall competitiveness. It is comprised of
68 individual credit unions and has more than 27,000 employees, 70
million accounts, and 2,103 outlets. HBRCC has more than 30 million
customers, it has extended loans to over 3 million farmers, and it
provides clearing and settlement services to around 70% of the
rural areas in the province.
Pursuant to the Agreement, HBRCC will assist SSLJ by providing
comprehensive financial services including credit financing,
settlement, cash management, consulting as well as other financial
services. HBRCC will provide SSLJ with credit financing services,
including but not limited to personal consumption loans, project
loans, and implementation of financial management systems
connecting banks and enterprises to help SSLJ realize the safe,
convenient and quick settlement of funds. HBRCC has the ability to
also provide SSLJ with credit certificates, credit investigation
and information consultation services, and provide personal
financial services for employees of SSLJ, including comprehensive
services such as payroll, personal credit, credit card, internet
banking and telephone banking. As part of the Agreement, SSLJ will
prioritize HBRCC's financial services. These services include
handling the financial businesses of deposits, enterprise
annuities, tax payments, fund custody, account management, internet
banking and other financial services.
Mr. Wei Zheng, Chairman and Chief
Executive Officer of SSLJ.com Limited, stated, "This partnership
with Hubei Rural Credit Cooperatives provides a great benefit to
SSLJ, by providing opportunities to leverage our large consumer
base. This agreement solidifies our relationship and opens the door
for us to grow into several other areas and take advantage of
increasing opportunities. We believe this partnership will position
us well for the future as a vertically integrated O2O home
decoration service and product provider, as well as enhance our
market competitiveness as our products will reach many more
customers through our substantial sales network."
About SSLJ.com Limited
SSLJ.com Limited is a pioneer in the vertically integrated O2O
home decoration service and product market with one of the largest
market shares in China. The
Company provides customers with a convenient, full-service,
one-stop solution for their homes' interior decoration and
improvement needs by offering consulting, design, construction, and
furnishing services as well as modern, high-quality and high-tech
products. The Company has 9 branch companies and 12 sales offices
in 10 cities, which are Beijing,
Shanghai, Shenzhen, Wuhan, Suzhou, Hefei, Zhengzhou, Tianjin, Chengdu, Xi'an. For more information, please visit
http://www.sslj.com/.
Forward-Looking Statements
This announcement contains forward-looking statements within the
meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. All statements other than statements
of historical fact in this announcement are forward-looking
statements, including but not limited to, the listing of the
Company's Class A ordinary shares on NASDAQ. These forward-looking
statements involve known and unknown risks and uncertainties and
are based on current expectations and projections about future
events and financial trends that the Company believes may affect
its financial condition, results of operations, business strategy
and financial needs. Investors can identify these forward-looking
statements by words or phrases such as "may," "will," "expect,"
"anticipate," "aim," "estimate," "intend," "plan," "believe,"
"potential," "continue," "is/are likely to" or other similar
expressions. 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 the Company cautions investors that actual
results may differ materially from the anticipated results.
For more information, please contact:
SSLJ.com Limited Contact:
Ms. Wing Chuen Rhoda Lau, CFO
Phone: +8627-8366-8638
Email: ir@sslj.com
Investor Contact:
Ms. Tina Xiao, President
Ascent Investor Relations LLC
Phone: +1-917-609-0333
Email: tina.xiao@ascent-ir.com
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SOURCE SSLJ.com Limited