SHENZHEN, China, September 23, 2021
Shenzhen, china, Sept. 23, 2021 / PRNewswire / – TD Holdings, Inc. (Nasdaq: GLG) (the “Company”), a provider of commodities trading services in China, today announced that the Company has entered into an agreement -strategic cooperation framework (the “Agreement on September 17, 2021 with the Guangdong Enterprise Investment Promotion Association (“GEIP”), a non-profit organization founded by leading enterprises, financial institutions, investment institutions and government investment promotion agencies, in Guangdong Province.
Under the terms of the Agreement, the Company plans to develop a new lightweight materials business in China. GEIP is committed to providing assistance and services to the Company using its vast resources, helping the Company to launch its new lightweight materials business, jointly establishing an industry guidance fund with local governments, as well as launching the Company’s intelligent digital cloud warehouse. The parties plan to reach a definitive agreement with details of cooperation in the future.
M / s. Renmei Ouyang, the CEO of the company, commented: “It is an honor for us to cooperate with GEIP. grow from more than 11 million in 2020 to nearly 145 million vehicles by 2030, an average annual growth rate of nearly 30%. With the growth of the electric vehicle market, this cooperation will provide the Company with opportunities to expand the new lightweight materials business and build a new materials supply chain for the electric vehicle industry. “
About TD Management, Inc.
TD Holdings, Inc. is a service provider currently engaged in commodity trading and supply chain services in China. Its commodities trading activities primarily consist of purchasing non-ferrous metal products from upstream metal and mineral suppliers and then selling them to downstream customers. Its supply chain service business has mainly served as a one-stop product supply chain service and digital intelligence supply chain platform integrating upstream and downstream businesses, warehouses, logistics, information and futures trading. For more information, please visit http://ir.tdglg.com.
Safe Harbor Declaration
This press release may contain certain “forward-looking statements” relating to the business of TD Holdings, Inc. and its subsidiaries. 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, involving known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they involve assumptions, risks and uncertainties, and these expectations may prove to be inaccurate. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: There is uncertainty as to the spread of the COVID-19 virus and the impact it will have on operations of the Company, demand for the Company’s products and services, global supply chains and general economic activity. 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 actual results of the Company could differ materially from those anticipated in these forward-looking statements due to various factors, including those discussed in the Company’s periodic reports which are filed with the Securities and Exchange Commission and available on its website at the address http://www.sec.gov. All forward-looking statements attributable to the Company or to persons acting on its behalf are expressly qualified in their entirety by these factors. Except as required by securities laws, the Company assumes no obligation to update these forward-looking statements.
For more information please contact:
Ascent Investor Relations LLC
M / s. Tina Xiao
Phone. : +1 917 609 0333
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SOURCE TD Holdings, Inc.