SHENZHEN, China, Dec. 22, 2021 /PRNewswire/ -- TD Holdings,
Inc. (Nasdaq: GLG) (the "Company"), a commodities
trading service provider in China, today announced that
it has entered into a strategic cooperation framework agreement
(the "Agreement") on December 20,
2021 with Shanghai Eagsen Intelligent Technology Co., Ltd.
("Eagsen"), a leading company engaging in research and development
("R&D") of automotive informatization and intelligence.
Pursuant to the Agreement, the Company and Eagsen agree to
jointly develop the intelligent automobile system and digital cloud
warehouse business. Eagsen agrees to provide consulting support for
the development of an intelligent automobile system by leveraging
its automobile communication technologies while the Company
provides the necessary funding for its development. The intellectual properties
developed through the cooperation shall be jointly owned by both
parties. Both parties agree to consider expanding their cooperation
further by utilizing the financing advantages of the Company as a
U.S.-listed company. 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, "Eagsen is a highly
qualified partner and its expertise will be a strong foundation for
the joint development of the Company's
intelligent automobile system platform. This is a great step
for the development of our new potential business in the field of
intelligent automobile system and digital cloud warehousing
platform. According to EqualOcean's data, the number of vehicles
with Internet of Vehicle is expected to reach 383 million in 2025
from 166 million in 2021 in China.
We believe our strategic partnership will enable us to seize market
initiative and gain market share in the automobile industry. We are
excited about the partnership and plan to bring this intelligent
automobile system to the market."
About Shanghai Eagsen Intelligent Technology Co.,
Ltd.
Established in Shanghai, China,
Shanghai Eagsen Intelligent Technology Co., Ltd. ("Eagsen") is a
high technology company engaging in R&D of automotive
informatization and intelligence. Eagsen is founded by an
information technology elite team led by Mr. Feng Zhang. Eagsen is one of the first companies
engaged in the R&D of in-vehicle systems in the world. Eagsen's
products include "Eagsen Automotive Desktop," "Eagsen Autolink" and
"Eagsen App Store." As an in-vehicle commercial application
platform, Eagsen is committed to providing global car owners with
new services based on the in-vehicle environment.
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.