ROAN HOLDINGS GROUP CO - RAHGF STOCK NEWS

Roan Holdings Group Co., Ltd. (OTC Pink: RAHGF, RONWF) announced an investment cooperation agreement with MAY Co., Ltd., a Korean manufacturer of 4K and 8K Liquid Crystal On Silicon (LCOS) panels. The agreement enables Roan to invest approximately $12 million for an equity stake in MAY and to form a micro-display project company in China, focusing on R&D, production, and sales of micro-display modules. Roan plans to invest an additional $6 million into this Project Company, while MAY will contribute $3 million. The collaboration aims to diversify Roan's revenue streams and expand its footprint in the semiconductor sector, enhancing its ongoing internationalization strategy.

Roan Holdings Group Co., Ltd. (RAHGF) has signed a Letter of Intent (LOI) with the Zhejiang Shangyu Cao'e River Economic Development Zone to develop a new industrial park focused on new energy storage, materials, and semiconductor projects. This strategic initiative will facilitate planning, regulatory approvals, and industrial operations, benefiting from government support and resources. The project spans 66 acres and aims to establish a sustainable industrial ecosystem. Chairman Junfeng Wang emphasized the significance of this venture in expanding Roan's operations in the Yangtze River Delta region.

Roan Holdings Group Co., Ltd. (OTC Pink: RAHGF, RONWF) announced an investment cooperation agreement for a new energy storage industrial park in Jiaxing, China. The project, with a total expected investment of RMB 5.1 billion, will include an innovation and research center and two manufacturing facilities. The Jiaxing Committee will provide various support, including favorable policies and funding. The project aims to centralize resources for energy storage and drive industry development in the Yangtze River Delta region, contributing economic and social benefits.

Roan Holdings Group Co., Ltd. (OTC Pink: RAHGF) has signed a cooperation agreement with Flourishing Technology Inc. to establish a joint venture named FINE C+ Interactive Technology. This venture aims to develop cultural tourism and personal finance services. Roan will be the largest shareholder with an initial capital of RMB 5 million. The collaboration leverages Flourishing's advanced multimedia technology to enhance consumer experiences in tourism and education. Roan's Chairman highlighted the agreement as a crucial step in expanding their services within the rapidly growing cultural and tourism market.

Roan Holdings Group Co., Ltd. (OTC Pink: RAHGF) announced a cooperation agreement with Shenzhen Harvest Business Limited Liability Co. to establish a joint venture targeting consumer payment technology. This venture aims to offer clearing and settlement services for consumer reward points. Roan will manage the joint venture with a 75% stake, while Harvest contributes technology and holds a 25% stake. The venture will invest 40% of its net income into Harvest's technology development. This collaboration aligns with Roan's strategy to enhance its consumer services in China and expand into overseas markets.

Roan Holdings Group Co., Ltd. (OTC Pink: RAHGF and RONWF) has announced significant management changes, appointing Zhiyong Tang as CEO, Wenhao Wang as CFO, Yuebo Zhang as Executive President, and Fengsong Wan as Senior Vice President. This restructuring aims to enhance the company’s operations in financial, insurance, and healthcare services. Chairman Junfeng Wang expressed optimism about the new leadership's expertise driving strategic upgrades and better market performance. The company’s principles focus on developing high-value business models and competitive products for its clients.

Roan Holdings Group Co., Ltd. (OTC Pink: RAHGF, RONWF) announced the appointment of Junfeng Wang as Chairman of the Board following the resignation of Zhigang Liu for personal reasons. Mr. Wang, the company's CEO since August 2020, brings over 15 years of experience in product research and corporate management, particularly in the IT sector. He aims to enhance the company’s strategic and management framework to better serve clients and deliver returns to investors.

Roan Holdings Group Co., Ltd. reported a substantial increase in net revenues of 238% for FY 2020, reaching $2.13 million compared to $0.63 million in 2019. The growth was driven by a 327% rise in consulting services related to debt collection, following the consolidation of Lixin Financial Holdings. Operating income surged 618% to $4.90 million from a loss of $0.95 million. However, net loss from continuing operations improved to $0.85 million from $2.56 million. The company restructured its focus towards asset management and healthcare services, while eliminating direct lending operations.