TD Holdings, Inc. (Nasdaq: GLG) (the “Company”), a commodities trading service provider in China, today announced that its wholly-owned subsidiary Hainan Jianchi Import and Export Co., Ltd. has been granted the Dangerous Chemicals Business License by The State Administration of Work Safety of China. Such license will accelerate the Company’s strategic expansion of its business in the energy commodities field.
The license covers the handling of hazardous chemicals and energy products such as petroleum, chemical, fuel, etc. With this license, the Company is now qualified to provide commodity services to clients in the chemical and energy sectors.
Ms. Ouyang Renmei, CEO of TD Holdings Inc., said: “Our goal is to become a leading commodity platform service powered by blockchain technology. Our expansion into the field of the hazardous chemicals and energy products sector is part of our long-term growth strategy. The letter of intent previously announced by the Company to purchase eight registered blockchain software is part of our strategy to speed up the application of blockchain technology. We strive to promote the application of blockchain technology in our commodities platform as well as our digital iCloud warehouses in order to provide more efficient and convenient commodity trading and supply chain solutions to our clients. We anticipate that our e-commerce platform will continue to add more categories of commodities and apply blockchain technology to provide high quality services for global commodity trading.”