TD Holdings, Inc. Announces Strategic Cooperation with Guangzhou Wensheng Blockchain Technology Co., Ltd. to Apply Blockchain Technology in the Supply Chain Financing and Development of Cloud Based Warehouse
TD Holdings, Inc. (Nasdaq: GLG) announced a strategic cooperation agreement with Guangzhou Wensheng Blockchain Technology Co., Ltd. on September 8, 2021. This collaboration aims to leverage blockchain technology to enhance supply chain financing and develop a digital cloud warehouse logistics platform. GWBT will provide technical support, equipment, and consulting services. CEO Renmei Ouyang emphasized the partnership's potential to optimize business operations and capitalize on blockchain's growing market in supply chain management.
- Strategic partnership with GWBT to enhance blockchain technology application.
- Potential to optimize supply chain financing and digital warehouse logistics.
- Dependence on the uncertainties surrounding the COVID-19 virus impact on operations.
- Forward-looking statements carry risks and uncertainties that could affect outcomes.
SHENZHEN, China, Sept. 10, 2021 /PRNewswire/ -- TD Holdings, Inc. (Nasdaq: GLG) (the "Company"), a commodities trading service provider in China, today announced that the Company has entered into a strategic cooperation framework agreement (the "Agreement") with Guangzhou Wensheng Blockchain Technology Co., Ltd. ("GWBT"), a high-tech company focusing on "blockchain+" application solutions to apply blockchain technology in the supply chain financing and development of cloud based warehouse.
Pursuant to the Agreement dated September 8, 2021, both parties agree to share blockchain technology related information and jointly apply blockchain technology in the supply chain financing and digital cloud warehouse business. GWBT agrees to support the Company in building and improving its digital cloud warehouse logistics platform and optimizing the settlement and payment system for commodities trading. GWBT also agrees to provide the Company with technical equipment and consulting services regarding tracing and financing of supply chain. The parties plan to enter into definitive agreement with details of the cooperation in the future.
Ms. Renmei Ouyang, the Chief Executive Officer of the Company, commented, " We are excited to become a strategic partner of GBWT. Leveraging the respective advantages of GBWT's blockchain technology and the Company's access to U.S. capital market as a U.S. listed company, we believe the alliance will further enhance our existing platform and business. With the tremendous market potential of blockchain in the supply chain financing and digital cloud warehouse business, we look forward to working with GBWT on this important initiative."
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
View original content:SOURCE TD Holdings, Inc.
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