Tag: TD Holdings

td-holdings,-inc.-announces-strategic-cooperation-with-guangdong-enterprise-investment-promotion-association-to-develop-lightweight-new-materials-business

TD Holdings, Inc. Announces Strategic Cooperation with Guangdong Enterprise Investment Promotion Association to Develop Lightweight New Materials Business

September 23, 2021 Published by

 

TD Holdings, Inc. (Nasdaq: GLG) (the “Company”), a commodities trading service provider in China, today announced that the Company entered into a strategic cooperation framework agreement (the “Agreement”) on September 17, 2021 with Guangdong Enterprise Investment Promotion association (“GEIP”), a not-for-profit organization founded by leading enterprises, financial institutions, investment institutions, and government investment promotion agencies, in Guangdong province.

Pursuant to the Agreement, the Company plans to develop a lightweight new materials business in China. GEIP agrees to provide assistance and services to the Company by using its extensive resources, assisting the Company with launching its lightweight new material business, jointly establish an industry guidance fund with local governments, as well as launching the Company’s smart digital cloud warehouse. The parties plan to enter into a definitive agreement with details of the cooperation in the future.

Ms. Renmei Ouyang, the Chief Executive Officer of the Company, commented, “It is our honor to cooperate with GEIP. According to the International Energy Agency’s Global Electric Vehicle Outlook, the global electric vehicle fleet across all transport modes (excluding two/three-wheelers) shall expand from over 11 million in 2020 to almost 145 million vehicles by 2030, an annual average growth rate of nearly 30%. With the growth of the electric vehicle market, this cooperation will provide opportunities for the Company to develop the lightweight new materials business and build a new material supply chain for the electric vehicles industry.”

td-holdings,-inc.-announces-entry-into-non-binding-letter-of-intent-for-the-acquisition-of-two-companies-to-step-into-unmanned-logistics-and-new-energy-vehicle-industry

TD Holdings, Inc. Announces Entry into Non-Binding Letter of Intent for the Acquisition of Two Companies to Step into Unmanned Logistics and New Energy Vehicle Industry

July 17, 2021 Published by

 

TD Holdings, Inc. (Nasdaq: GLG) (the “Company”), a commodities trading service provider in China, today announced that it has entered into a non-binding letter of intent (the “LOI“) with Guangdong Jinbochuang Special Purpose Vehicle Co., Ltd. and (“Jinbochuang“) and Hunan Jinmeike New Material Co., Ltd. (“Jinmeike“) and their shareholders to acquire both Jinbochuang and Jinmeike to step into the unmanned logistics and new energy vehicle industry.

Pursuant to the LOI, the Company agreed to acquire 100% of the equity interests of Jinbochuang and Jinmeike in exchange for certain amount of shares of common stock of the Company be determined based on the Company’s due diligence and the parties negotiation. Management expects the acquisition will complete within 180 days from the date of the LOI assuming satisfactory due diligence and the parties can enter into definitive agreement. Either party to the LOI may terminate the LOI unilaterally. As the transaction proceeds, the Company will publicly disclose required information either through press releases or SEC filings, as appropriate.

Ms. Renmei Ouyang, the Chief Executive Officer commented, “Over the past decade, we mainly focused on large-scale business transactions including non-ferrous metals trading and supply chain services which are inseparable from warehousing and logistics. The planned acquisition of Jinbochuang and Jinmeike is not only in line with our growth strategy of improving our industrial chain, but also corresponds to the national strategy of ‘Made in China 2025′ and the industry trend of manufacturing lightweight vehicles. We expect to incorporate lightweight new materials, applications and lightweight trucks into our global industry chain. Through leveraging the advantages of Jinbochuang’s experience in new energy vehicle industry and Jinmeike’s expertise in unmanned logistics, we strive to optimize our business.”

Completion of the transaction is subject to due diligence investigations by the relevant parties, the negotiation and execution of a definitive share exchange agreement, satisfaction of the conditions negotiated therein including the approval of the Company’s Board of Directors, approval by Nasdaq of the listing of shares issued in the transaction, and the satisfaction of other customary closing conditions. There can be no assurance that a definitive agreement will be entered into or that the proposed transaction will be consummated. Further, readers are cautioned that those portions of the LOI that describe the proposed transaction, including the consideration to be issued therein, are non-binding.

td-holdings-inc.-enters-into-letter-of-intent-to-acquire-digital-cloud-warehouse-software-copyrights-in-commodity-storage

TD Holdings Inc. Enters into Letter of Intent to Acquire Digital Cloud Warehouse Software Copyrights in Commodity Storage

February 17, 2021 Published by

 

TD Holdings, Inc. (Nasdaq: GLG) (the “Company”), a commodities trading service provider in China, today announced that its subsidiary Tongdow (Hainan) Digital Technology Co., Ltd. (“Tongdow Hainan”) has entered into a letter of intent with Yunfeihu IoT Co. Ltd. (“Yunfeihu”) and Tongdow E-commerce Group Co., Ltd. (“Tongdow E-commerce”) on February 5, 2021 to acquire eight software copyrights for commodities storage in digital cloud warehouse.

Pursuant to the letter of intent by and among Tongdow Hainan, Yunfeihu and Tongdow E-commerce, Tongdow Hainan will acquire the following eight software copyrights from Tongdow E-commerce and Yunfeihu: Smart Hardware Management Platform System 3.0, Smart Storage System Management Software, Lecheng Smart HD Video Conference System V1.0, Smart Storage APP system, Flat Panel Vehicle APP System, Smart Storage Hans-Held Device APP System, Statistical Management of Account Transfer Fees of Warehouse Orders System V3.0, and Supply Chain Finance OA System V1.0. The parties have agreed that the consideration for the transfer of the software copyrights will be based on a valuation report from an independent third-party agreed upon by all parties. Tongdow E-commerce and Yunfeihu have agreed to be bound by an exclusivity period of 6 months with Tongdow Hainan for the transfer of the eight software copyrights pursuant to the LOI.

The Company aims to empower its existing digital cloud warehouse system with these blockchain technologies to provide support for more diversified settlement channels of commodity trades such as payments by bitcoin or other encrypted currencies. Meanwhile, such blockchain as well as internet of things (IoTs) technologies shall be applied to improve the efficiency of the Company’s warehouse order tracking system in order to standardize order management to prevent fabrications and cause orders to be more easily traceable.

The innovations would ensure a detailed recording of the trading, account transfer and other information such as place of origins as well as quality control of the goods in consideration, which effectively digitalizes the entire supply chain process and creates a safe environment for inventory management and financing activities that require precise information on the production, sales and other goods-related data based on the cloud warehouse system.

Ms. Renmei Ouyang, CEO of the Company commented, “The planned acquisitions represent us stepping forward to become a commodity trading platform that is technologically supported by blockchain and IoTs. These two important technologies help verify ownership of goods and turn physical assets into highly efficient and secure digital assets.”

Completion of the transaction is subject to due diligence investigations by the relevant parties, the negotiation and execution of a definitive agreement and satisfaction of the conditions negotiated therein and of other customary closing conditions. There can be no assurance that a definitive agreement will be entered into or that the proposed transaction will be consummated. Further, readers are cautioned that those portions of the LOI that describe the proposed transaction, including the consideration to be issued therein, are non-binding.

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