HONG KONG, Aug. 17, 2021 /PRNewswire/ -- Lion Group Holding
Ltd. ("Lion" or "the Company") (NASDAQ: LGHL), today announced its
latest strategic partnership with Dawa Future Graphic Technology
Co., Ltd. ("Dawa Technology"). Through this partnership, the two
companies will jointly innovate and develop the Metaverse AI tool –
"Cloud Production Platform", establishing a new form of digital
market and establish a leading position in the construction and
development of the Metaverse field.
Dawa Technology is one of China's largest communities for VR, AR, XR
developers and content creators, that gathers veteran researchers,
developers, creators and project operation teams. Committed to
becoming the most important support platform of the world's
Metaverse development, Dawa Technology has developed more than 100
virtual idols and owns several of the most advanced digital video
studios in China, including
Asia's largest indoor motion
capture studio that allows XR shooting, which is equipped with the
world's top Vicon motion-capture system and leading LED technology.
Dawa Technology owns cutting-edge technology in areas that include
virtual idols, VR, virtual production, digital twins and other
virtual technologies, as well as digital avatars, real-time visual
effects, and AI creation tools, which are all necessary advanced
technologies and components for the construction of Metaverse
AI.
Qi Lu, founder and chairman of Dawa Technology, commented, "The
Metaverse AI tool will solve a series of pain points in the
construction of the Metaverse field, making the construction of the
virtual world faster and more convenient. The 1.0 version of the
cloud production platform will have core functions such as virtual
asset management, film production pipelines, business systems,
social systems, online education, and collaborative development.
This will provide professional and complete new era digital content
production solutions for individual users, institutions, and
enterprises who intend to accelerate their entry into the Metaverse
ecosystem. This cooperation will effectively promote the
development of related businesses by leveraging the strong platform
strength of Lion Group. We intend to use the complementary
advantages between both parties to achieve breakthroughs in the
field of creation of the Metaverse, and embrace the future
together."
Mr. Wang Chunning (Wilson), Chief
Executive Officer of Lion commented, "Metaverse represents a large
potential market for Lion. Our cooperation with Dawa Technology to
develop the Metaverse AI tool represents an important step of our
entry into the Metaverse field. The Metaverse AI tool is
fundamental to the creation and continuous growth of the Metaverse
field. We believe this reshaped virtual world of human cognition
has strong practical guiding significance and commercial value. We
believe the value of the Metaverse production platform will grow
rapidly over time. Concurrently, developments in the field of
blockchain technology and NFT will also play a key role in shaping
the Metaverse. Earlier this year, we independently developed
and operated the cross-chain high-expansion NFT one-stop trading
platform Meta World, which was also
one of the important layouts for the innovation and development of
the Metaverse field. In the future, we intend to continue our
efforts to develop future industries related to Metaverse."
About Lion
Lion Group Holding Ltd. (Nasdaq: LGHL) operates an all-in one,
state-of-the-art trading platform that offers a wide spectrum of
products and services, including (i) total return swap (TRS)
trading, (ii) contract-for-difference (CFD) trading, (iii)
insurance brokerage, and (iv) futures and securities brokerage.
Additionally, Lion has developed a professional, experienced SPAC
sponsorship team to help guide private companies through
their listing journey while creating value for Lion and its
shareholders. Lion is also committed to building the world's
leading one-stop, cross-chain, high-expansion non-fungible token
(NFT) marketplace and entering the metaverse space through
blockchain technology. Additional information about the company may
be found at http://ir.liongrouphl.com.
Forward-Looking Statements
This press release contains, "forward-looking statements" within
the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. Lion's actual results may
differ from their expectations, estimates and projections and
consequently, you should not rely on these forward-looking
statements as predictions of future events. Words such as "expect,"
"estimate," "project," "budget," "forecast," "anticipate,"
"intend," "plan," "may," "will," "could," "should," "believes,"
"predicts," "potential," "might" and "continues," and similar
expressions are intended to identify such forward-looking
statements. These forward-looking statements include, without
limitation, Lion's expectations with respect to future performance
and anticipated financial impacts of the Business combination, the
satisfaction of the closing conditions to the business combination
and the timing of the completion of the business combination. These
forward-looking statements involve significant risks and
uncertainties that could cause actual results to differ materially
from expected results. Most of these factors are outside the
control of Lion and are difficult to predict. Factors that may
cause such differences include, but are not limited to: (1) the
inability to maintain the listing of the post-acquisition company's
ADSs on NASDAQ following the business combination; (2) the risk
that the business combination disrupts current plans and operations
as a result of the announcement and consummation of the
transactions described herein; (3) the inability to recognize the
anticipated benefits of the business combination, which may be
affected by, among other things, competition, the ability of the
combined company to grow and manage growth profitably and retain
its key employees; (4) costs related to the business combination;
(5) changes in applicable laws or regulations; (6) the possibility
that Lion may be adversely affected by other economic, business,
and/or competitive factors; and (7) other risks and uncertainties
to be identified in the proxy statement/prospectus relating to the
business combination, including those under "Risk Factors" therein,
and in other filings with the Securities and Exchange Commission
("SEC") made by Lion. Lion cautions that the foregoing list of
factors is not exclusive. Lion cautions readers not to place undue
reliance upon any forward-looking statements, which speak only as
of the date made. Lion does not undertake or accept any obligation
or undertaking to release publicly any updates or revisions to any
forward-looking statements to reflect any change in its
expectations or any change in events, conditions or circumstances
on which any such statement is based, subject to applicable
law.
Contacts
Lion Group Holding
Tel: +852 2820 9011
Email: ir@liongrouphl.com
ICR, LLC
William
Zima
Tel: +1 203 682 8233
Email: ir@liongrouphl.com
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SOURCE Lion Group Holding Ltd.