The Subsidiary currently holds 100%
of the shares of Ricofeliz investment (China) Limited, which in
turn wholly owns 100% of Wuhan Yangtze River Newport Trading
Limited.
The Subsidiary was established to
facilitate the Company’s initiatives in “blockchain”
solutions. Blockchains offer a solution that is becoming
available to the shipping and logistics industry which will help
manage and track documentation relating to shipping containers by
digitizing the supply chain process to enhance transparency and to
allow for greater security for the sharing of information among
trading partners.
The Subsidiary has been accepted
into the Blockchain in Transport Alliance, a United
States alliance established to create a forum for the promotion,
education and encouragement to develop and adopt blockchain
applications in the trucking, transportation and logistics
industry.
About Yangtze River Port
and Logistics Limited
Yangtze River Port and Logistics
Limited primarily engages in the business of real estate
development with a port logistic project located in the middle
reaches of the Yangtze River. Wuhan Economic Development Port
Limited is a large infrastructure development project implemented
under China's latest “One Belt One Road” initiative and is believed
to be strategically positioned in Wuhan, a crucial trading window
between China, the Middle East and Europe. The logistics
center is also expected to provide a number of shipping berths for
cargo ships of various sizes. Yangtze River Port and
Logistics Limited is expected to provide domestic and foreign
businesses a direct access to the Free Trade Zone in Wuhan. The
project will include commercial buildings, professional logistic
supply chain centers, direct access to the Yangtze River,
Wuhan-Xinjiang-Europe Railway and ground transportation, storage
and processing centers, IT supporting services, among
others.
For additional information please
go to: http://www.yerr.com.cn
Forward-Looking
Statements:
This document includes
“forward-looking” statements, as that term is defined in the
Private Securities Litigation Reform Act of 1995 or by the
Securities and Exchange Commission in its rules, regulations and
releases. Forward-looking statements are any statements other than
statements of historical fact, including statements regarding
Company's expectations, beliefs, hopes, intentions or strategies
regarding the future. Among other things, these forward-looking
statements may include statements regarding the change of Company's
plan of operation, future opportunities as a result of the matter
referenced in the above statements; and any other statements
regarding Company's future beliefs, expectations, plans,
intentions, financial condition or performance. In some cases,
forward-looking statements can be identified by the use of words
such as “may,” “will,” “expects,” “should,” “believes,” “plans,”
“anticipates,” “estimates,” “predicts,” “potential,” “continue,” or
other words of similar meaning. Forward-looking statements are
subject to risks and uncertainties that could cause actual results
to differ materially from those discussed in, or implied by, the
forward-looking statements. Factors that might cause such a
difference include, but are not limited to, general economic
conditions, our financial and business prospects, our capital
requirements, our financing prospects, our relationships with
employees, and our ability to realize the anticipated benefits of
such transaction, and those disclosed as risks in other reports
filed by us with the Securities and Exchange Commission, including
those described in our most recently filed Quarterly Report on Form
10-Q, Annual Report on Form 10-K and subsequent amendment on Form
10-K/A, current report on Form 8-K, and other filings with the
SEC.
We caution readers that any
such statements are based on currently available operational,
financial and competitive information, and they should not place
undue reliance on these forward-looking statements, which reflect
management's opinion only as of the date on which they were made.
Except as required by law, we disclaim any obligation to review or
update these forward-looking statements to reflect events or
circumstances as they occur.
Contact:James ColemanExecutive Directorjcoleman@yerr.com.cn646-861-3315