SDH - SDH STOCK NEWS

Global Internet of People, Inc. (SDH) announced a strategic cooperation agreement with Sinoeex Beijing Co., Ltd. and Beijing Science and Technology Development and Exchange Center. This collaboration aims to enhance financial and enterprise services in China. Sinoeex will share financing projects with SDH, and both will promote each other’s services. Additionally, they plan to organize innovation competitions and possibly establish a venture capital fund for their clients. CEO Haiping Hu expressed optimism about expanding their client base and enhancing value for shareholders.

Global Internet of People, Inc. (SDH) reported a 29.28% year-over-year revenue increase, totaling $23.18 million for FY 2020. Profit from operations rose 36.77% to $14.73 million, while net income increased 27.51% to $11.96 million. The number of users on its app surged to approximately 5.5 million, reflecting strong growth in comprehensive tailored services, which saw a 132.78% revenue increase. However, the company also experienced declines in sponsorship advertising and consulting service revenues due to COVID-19 impacts.

Global Internet of People, Inc. (SDH) has entered into service contracts worth RMB8 million (approximately $1.22 million) with Beijing Taxation Star Technology Co. Ltd. in April 2021. The contracts include a RMB5 million fee for tailor-designed "Platinum Membership" services and RMB3 million for additional enterprise services such as startup incubation and project promotion. CEO Haiping Hu expressed optimism about the partnership, aiming for synergy and mutual client expansion. SDH operates a knowledge-sharing platform with services in multiple cities across China.

Global Internet of People, Inc. (SDH) announced that its subsidiary, Global Mentor Board (GMB), secured contracts totaling RMB6.05 million (approximately $923,640) in March 2021. This includes a key service contract with Jiangsu Zhejiang Shanghai Life Sciences Development Co., Ltd. valued at RMB4.5 million (approximately $685,498) for consulting services. Additionally, GMB signed several membership service contracts worth RMB1.55 million (approximately $238,145) with enterprise clients, offering customized consulting services. CEO Haiping Hu highlighted the company’s commitment to aiding enterprises with strategic expertise.

Global Internet of People, Inc. (SDH), headquartered in Beijing, announced a strategic cooperation with the Leaders of the Eurasian Cooperation and Integration Club (LECIC) on March 11, 2021. This partnership aims to facilitate Chinese companies' access to the Eurasian market and vice versa. CEO Haiping Hu emphasized enhanced consulting services through this collaboration. LECIC, a non-governmental organization, seeks to foster business development within the Eurasian Economic Union. The cooperation will also include participation in economic forums and cultural events.

Global Internet of People, Inc. (SDH) announced the appointment of eighteen new mentors from various professional fields, enhancing its knowledge-sharing and enterprise service platform in China. The new mentors include leaders from investment, education, art, and health sectors, aiming to strengthen SDH's service offerings to small and medium-sized enterprises. CEO Haiping Hu emphasized the role of mentors in SDH's ecosystem and the intention to grow its service provider team. This expansion reflects the company's commitment to improve and diversify its services.

Global Internet of People, Inc. (SDH) plans strategic cooperation with Zhejiang University Institute to leverage scientific research for real-world applications. Following a meeting on February 26, SDH aims to promote Zhejiang University’s research to over 5 million users on its platform and support SMEs with technological advancements. CEO Haiping Hu will advise the Institute. Zhejiang University ranks third among China's top universities and has been instrumental in numerous national research projects. The collaboration is set to enhance SDH's offerings in new materials, energy, and blockchain technology.

Global Internet of People, Inc. (SDH) announced a strategic partnership with China Policy Expert Database on January 14, 2021. This collaboration aims to offer various services to Chinese entrepreneurs, including policy interpretation and economic trend analysis. The Framework Agreement is valid for 24 months and focuses on joint project development, research projects, and 'one-on-one' policy consulting. CEO Hu Haiping emphasized the potential for innovative development and industrial upgrading through expert collaboration. This partnership positions SDH to enhance its service offerings in a growing market.

Global Internet of People, Inc. (SDH) announced that ViewTrade Securities, Inc. has fully exercised its over-allotment option, purchasing an additional 1,008,000 shares at $4.00 each in the IPO. This adds approximately $4.03 million to the previously reported gross proceeds of $26.88 million, resulting in total gross proceeds of around $30.91 million. The IPO registration statements were approved by the SEC earlier this month, and the offering is now available via a prospectus.