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TD Holdings, Inc. Announces New Strategic Alliance to Develop Intelligent Automobile System Business

SHENZHEN, China, Dec. 22, 2021 /PRNewswire/ — TD Holdings, Inc. (Nasdaq: GLG) (the “Firm”), a commodities trading services supplier in China, these days announced that it has entered into a strategic cooperation framework agreement (the “Agreement”) on December 20, 2021 with Shanghai Eagsen Clever Engineering Co., Ltd. (“Eagsen”), a leading company partaking in research and progress (“R&D”) of automotive informatization and intelligence.

Pursuant to the Settlement, the Corporation and Eagsen agree to jointly develop the intelligent car method and digital cloud warehouse business enterprise. Eagsen agrees to give consulting assistance for the advancement of an smart auto technique by leveraging its automobile communication technologies although the Firm delivers the vital funding for its advancement. The intellectual properties designed as a result of the cooperation shall be jointly owned by each events. Each get-togethers concur to consider increasing their cooperation more by employing the financing strengths of the Business as a U.S.-outlined enterprise. The parties strategy to enter into a definitive settlement with information of the cooperation in the long term.

Ms. Renmei Ouyang, the Main Government Officer of the Firm, commented, “Eagsen is a remarkably skilled husband or wife and its experience will be a solid foundation for the joint enhancement of the Company’s smart automobile process system. This is a wonderful action for the advancement of our new potential business enterprise in the field of clever automobile method and digital cloud warehousing system. According to EqualOcean’s knowledge, the amount of autos with Net of Vehicle is predicted to arrive at 383 million in 2025 from 166 million in 2021 in China. We feel our strategic partnership will enable us to seize market place initiative and get current market share in the vehicle field. We are energized about the partnership and strategy to carry this clever auto technique to the market place.”

About Shanghai Eagsen Smart Technology Co., Ltd.

Established in Shanghai, China, Shanghai Eagsen Clever Technological innovation Co., Ltd. (“Eagsen”) is a substantial technological innovation enterprise partaking in R&D of automotive informatization and intelligence. Eagsen is established by an information know-how elite team led by Mr. Feng Zhang. Eagsen is one particular of the to start with organizations engaged in the R&D of in-auto units in the world. Eagsen’s goods involve “Eagsen Automotive Desktop,” “Eagsen Autolink” and “Eagsen App Keep.” As an in-auto industrial software platform, Eagsen is dedicated to providing world wide automobile house owners with new companies dependent on the in-car or truck surroundings.

About TD Holdings, Inc.

TD Holdings, Inc. is a company service provider at this time participating in commodity buying and selling enterprise and supply chain support small business in China. Its commodities trading enterprise generally requires acquiring non-ferrous metallic products from upstream metallic and mineral suppliers and then providing to downstream customers. Its source chain assistance business enterprise primarily has served as a 1-stop commodity provide chain provider and electronic intelligence offer chain system integrating upstream and downstream enterprises, warehouses, logistics, data, and futures buying and selling. For much more facts, remember to visit http://ir.tdglg.com.

Harmless Harbor Assertion

This push release could have specified “forward-seeking statements” relating to the business enterprise of TD Holdings, Inc. and its subsidiary businesses. All statements, other than statements of historic actuality incorporated herein are “forward-seeking statements.” These ahead-looking statements are typically determined by the use of forward-looking terminology these kinds of as “believes,” “expects” or identical expressions, entail recognised and unidentified risks and uncertainties. Despite the fact that the Organization believes that the expectations mirrored in these ahead-seeking statements are reasonable, they do require assumptions, dangers and uncertainties, and these expectations may possibly confirm to be incorrect. The adhering to factors, among other individuals, could trigger precise effects to differ materially from these explained in these ahead-wanting statements: there is uncertainty about the spread of the COVID-19 virus and the effect it will have on the Company’s operations, the desire for the Company’s items and providers, international provide chains and financial action in normal. Investors must not location undue reliance on these forward-on the lookout statements, which converse only as of the day of this press launch. Investors should really not area undue reliance on these ahead-seeking statements, which talk only as of the day of this push release. The Firm’s precise effects could differ materially from all those anticipated in these ahead-seeking statements as a outcome of a variety of variables, which include all those discussed in the Company’s periodic reviews that are submitted with the Securities and Exchange Fee and readily available on its web page at http://www.sec.gov. All forward-searching statements attributable to the Enterprise or folks acting on its behalf are expressly competent in their entirety by these factors. Other than as needed under the securities legislation, the Organization does not presume a responsibility to update these forward-looking statements.

For additional information, please call:

Ascent Investor Relations LLC
Ms. Tina Xiao
Electronic mail:[email protected]
Tel: +1 917 609 0333

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Perspective authentic material:https://www.prnewswire.com/information-releases/td-holdings-inc-announces-new-strategic-alliance-to-produce-clever-car-technique-business enterprise-301449646.html

Source TD Holdings, Inc.