BEIJING and URUMQI, China,
May 21, 2018 /PRNewswire/ -- China
Lending Corporation ("China Lending" or the "Company") (Nasdaq:
CLDC), a leading non-bank direct lending corporation servicing
micro, small and medium-sized enterprises ("MSMEs"), currently
underserved by commercial banks in China, today announced the expansion of its
service offerings with the launch of its financial leasing
services. The financial leasing services will be operated
through its two wholly-owned subsidiaries Xinjiang Xin Quan
Financial Leasing Co. Ltd. and Ningbo Ding Tai Financial Leasing
Co. Ltd., which are registered in Khorgas Boarder of Xinjiang Uygur
Autonomous Region, and Ningbo of
Zhejiang Province, respectively.
Both subsidiaries will benefit from a corporate income tax
exemption for their initial five years, and half exemption for
following five years.
Through the two financial leasing subsidiaries, the Company will
provide MSMEs with customized financial leasing solutions in the
industries, including manufacturing, agriculture, environmental,
energy, healthcare and public transportation. These industries have
favorable investment and technology projects, but are in need of
funds for the equipment and technology.
Ms. Jingping Li, Chairwoman and
Chief Executive Officer of China Lending, said, "Driven by the
economic restructuring and supply-side structural reform
implemented by the Chinese government, financial leasing services
has seen rapid growth in recent years in China as more
and more companies, including both buyers and sellers, rely on
financial leasing services to implement scalable projects or
businesses. According to Research and Markets, the world's largest
market research agency, there were 8,218 financial leasing
enterprises in China conducting
transactions valued at RMB 5.6
trillion as of June 2017."
Ms. Li continued, "We are committed to developing profitable
financial leasing services operating in multiple industry
verticals, leveraging our strong track record of helping SMEs
through our existing direct lending business. We firmly
believe that we can capture our fair share of the fast-growing
financial leasing services market in the coming years."
About China Lending Corporation
Founded in 2009, China Lending is a non-bank direct lending
corporation and provides services to micro, small and medium sized
enterprises, farmers, and individuals, who are currently
underserved by commercial banks in China. Headquartered in Urumqi, the capital of
Xinjiang Autonomous Region, with a registered capital of
$94.7 million as of December 31, 2016, China Lending is one of the
largest direct lending companies in the region in terms of
registered capital. For more information, please visit:
www.chinalending.com.
Forward-Looking Statements
This press release may include 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 facts, included in this press release
that address activities, events or developments that China Lending
expects or anticipates will or may occur in the future are
forward-looking statements and are identified with, but not limited
to, words such as "may," "believe" and "expect." These statements
are based on certain assumptions and analyses made by China Lending
in light of its experience and its perception of historical trends,
current conditions and expected future developments as well as
other factors it believes are appropriate in the circumstances.
Actual results may differ materially from those expressed herein
due to many factors such as, but not limited to, (1) the ability to
obtain or maintain the listing of the Company's securities on the
NASDAQ Capital Market; (2) the ability to recognize the anticipated
benefits of recent business combination, which may be affected by,
among other things, competition and the ability of the business to
grow and manage growth profitably; (3) the outcome of any legal
proceedings that may be instituted against the Company; (4) changes
in applicable laws or regulations; (5) the possibility that the
Company may be adversely affected by other economic, business,
and/or competitive factors; and (6) other risks and uncertainties
indicated from time to time in the proxy statement filed by the
Company in connection with the business combination, including
those under "Risk Factors" therein, and other factors identified in
the Company's prior and future filings with the SEC, available
at www.sec.gov.
These forward-looking statements are based on information
available as of the date of this press release and involve a number
of judgments, risks and uncertainties. Accordingly, forward-looking
statements should not be relied upon as representing our views as
of any subsequent date and the Company undertakes no obligation to
update any forward-looking statements contained herein to reflect
events or circumstances which arise after the date of this press
release, whether as a result of new information, future events or
otherwise, except as may be required under applicable securities
law.
For investors and media inquiries please contact:
At the Company:
Katrina Wu
Email: wuxiaoqing@chinalending.com
Phone: +86-991-316-9617
Investor Relations:
Tony Tian, CFA
Weitian Group LLC
Email: ttian@weitianco.com
Phone: +1-732-910-9692
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SOURCE China Lending Corporation