QINGDAO, China, July 29, 2020 /PRNewswire/ -- SOS Limited, (NYSE:
SOS) (formerly China Rapid Finance Limited, the "Company")
today announced its plans for the future after it has settled on
the west coast of Qingdao.
SOS Limited, through its operating subsidiary, SOS Information
Technology Co., Ltd. ("SOS") is a high-technology company
providing a wide range of services to its corporate and individual
members, including marketing data, technology and solutions for
emergency rescue services. SOS is focused on the research and
development of big data, cloud computing, Internet of Things,
blockchain and artificial intelligence. We have created a SOS cloud
emergency rescue service software as a service (SaaS) platform with
three major product categories, including basic cloud (medical
rescue card, car rescue card, financial rescue card, mutual
assistance rescue card), cooperative cloud (information rescue
center, intelligent big data, intelligent software and hardware),
and information cloud (News Today, E-Commerce Today). This system
provide marketing-related data, technology solutions, and
technology-driven big data to clients such as insurance companies,
financial institutions, medical institutions, healthcare providers,
auto manufacturers, security providers, senior living assistance
providers and other service providers in the emergency rescue
services industry. SOS has obtained a national high-tech enterprise
certification, the title of "big data star enterprise" awarded
by Gui'an New District Government, and has registered 11
software copyrights and 2 patents.
As previously disclosed, on July 17th,
2020, SOS officially entered into a cooperation agreement
with Qingdao West Coast New District Management Committee, a branch
office of the Qingdao government,
for the relocation of the Company's headquarters.
According to the cooperation agreement, SOS will invest in
building a financial data cloud headquarters in Qingdao. The Company's aim is to build a
comprehensive main headquarters encompassing the fields of
investment, health management, insurance, financial factoring,
emergency rescue, and data cloud center. The total planned
investment is estimated to be around US$1
billion, and the first phase of the investment will be
around US$50 million. Present at the
signing ceremony were Mr. Yonghong
Sun, Deputy Mayor of Qingdao city, Mr. An Zhou, Mayor of the West
Coast New Area, Mr. Yandai Wang, the CEO of the Company, and
Messrs. Jonathan Zhang and
Wenbin Wu, independent directors of
the Company.
In the next five years, we aim to create a complete ecological
rescue, insurance, and safety testing service system, and enter
India, Europe, the United
States and other populous countries to create an
international rescue service. Through big data and cloud computing
service platforms, we plan to improve the entire internationalized
rescue service, insurance, security testing, intelligent software
and hardware, big data, cloud computing and other intelligent
service systems.
About SOS Limited
SOS Limited (NYSE: SOS) is a holding company providing marketing
data, technology and solutions to the emergency rescue services in
China. The Company provides a wide
range of services to its corporate and individual members in
China through its operating
subsidiary, SOS Information Technology Co., Ltd. ("SOS").
SOS also provides various types of membership cards to individual
members in large corporations as part of employee benefits. Its
products include SOS Medical Rescue Card, SOS Auto Rescue Card, SOS
Financial Rescue Card, and SOS Life Rescue Card. SOS utilizes cloud
and other cutting-edge technologies to provide marketing solutions
in a new fashion, including its app based mobile platform, cloud
call centers and large data centers. SOS has contractual service
agreements with major banks, insurance companies, internet
companies, and telecom providers in China.
Forward-Looking Statements
Certain statements made herein are "forward-looking statements"
within the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by the use of words such as
"anticipate," "believe," "expect," "estimate," "plan," "outlook,"
and "project" and other similar expressions that predict or
indicate future events or trends or that are not statements of
historical matters. Such forward-looking statements include timing
of the proposed transaction; the business plans, objectives,
expectations and intentions of the parties once the transaction is
complete, and XRF's estimated and future results of operations,
business strategies, competitive position, industry environment and
potential growth opportunities. These forward-looking statements
reflect the current analysis of existing information and are
subject to various risks and uncertainties. As a result, caution
must be exercised in relying on forward-looking statements. Due to
known and unknown risks, our actual results may differ materially
from our expectations or projections. 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.
Additional information concerning these and other factors that
may impact our expectations and projections can be found in our
periodic filings with the SEC, including our Annual Report on Form
20-F for the fiscal year ended December 31,
2019. XRF's SEC filings are available publicly on the SEC's
website at www.sec.gov. XRF disclaims any obligation to update the
forward-looking statements, whether as a result of new information,
future events or otherwise.
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SOURCE SOS limited