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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
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.
