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TD Holdings, Inc. Inks Partnership Agreement with the Management Committee of Hainan's Largest Economic Zone to Expand Commodity Trading Business

2021-07-23 19:00 10499

SHENZHEN, China, July 23, 2021 /PRNewswire/ -- TD Holdings, Inc. (Nasdaq: GLG) (the "Company"), a commodities trading service provider in China, today announced that the Company, through its wholly owned subsidiary Hainan Baiyu Cross-border E-commerce Co., Ltd. ("Baiyu"), entered into a trade cooperation agreement (the "Agreement") with the management committee of the Yangpu Economic Development Zone, Hainan's largest economic zone and China's first national-level development zone to be comprehensively developed by foreign investors, enjoying preferential policies for bonded zones, to expand the Company's commodity trading business. The Agreement shall be in effect until December 31, 2022.

Pursuant to the Agreement, the Company agreed to commence its commodity trading business in the Yangpu Economic Development Zone and the management committee of the Yangpu Economic Development Zone agreed to grant the Company preferential policies including tax relief, financial support, rental subsidies, etc.

Ms. Renmei Ouyang, the Chief Executive Officer commented, "We are excited to partner with Hainan's largest economic zone as we will have access to preferential policies. Looking forward, we are confident to enhance the leading market position in Hainan and explore entering more trading fields. We plan to explore the Southeast Asian market through our cross-border e-commerce business and increase our brand awareness in the commodity trading market there."

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

Cision View original content:https://www.prnewswire.com/news-releases/td-holdings-inc-inks-partnership-agreement-with-the-management-committee-of-hainans-largest-economic-zone-to-expand-commodity-trading-business-301340102.html

Source: TD Holdings, Inc.
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