YRZZ Announces its Strategic Cooperation with Hexindai, Inc.
December 23 2019 - 7:00AM
Entertainment Manufacturing International Culture Media Group Co.
Limited (“YRZZ”), a leader in Asia’s entertainment industry,
announced its strategic cooperation with Nasdaq listed Hexindai,
Inc. (NASDAQ: HX) ("Hexindai") today. Color World Entertainment
Limited, an affiliate of YRZZ, and Hexindai entered into a
non-binding Memorandum of Understanding (“MOU”) of intent to start
collaborating on business integration and expansion going forward.
YRZZ, a leading live event entertainment company
in Asia, is equipped with abundant resources to seamlessly
facilitate a variety of world-class live entertainment and
performances featuring premier celebrities. With its prominent cast
and seasoned operation professionals, YRZZ has established a
stellar reputation and is well known for its rich experience in
providing solid on-and-off line entertainment to audiences
worldwide.
Mr. Xin Wu, President of the Entertainment
Manufacturing International Culture Media Group Co. Limited,
commented “As we have successfully accomplished our strategic
expansion covering the Southeast Asia region, YRZZ will begin to
actively explore the U.S. and European markets to establish a true
global business network. The cooperation with Hexindai will allow
us to leverage Hexindai’s existing resources on the Nasdaq and
propel our global expansion plan. Entertainment is without borders.
As the first entertainment company in Asia to tap into the global
capital market, we aspire to connect the world by facilitating
cultural exchanges of artistic performances and building our own
global entertainment enterprise.”
About Entertainment Manufacturing
International Culture Media Group Co. Limited
Entertainment Manufacturing International
Culture Media Group Co. Limited is premier live event entertainment
group, equipped with abundant resources to facilitate a variety of
live entertainment and performances featuring world class
celebrities. With its prominent cast and seasoned operation
professionals, the Company has established a stellar reputation and
is well known for its rich experience in providing solid on-and-off
line entertainment to audiences worldwide.
Safe Harbor Statement
This announcement contains forward-looking
statements within the meaning of Section 21E of the Securities
Exchange Act of 1934, as amended. These forward-looking statements
are made under the "safe harbor" provisions of the U.S. Private
Securities Litigation Reform Act of 1995. These statements can be
identified by terminology such as "will," "expects," "anticipates,"
"future," "intends," "plans," "believes," "estimates," "potential,"
"continue," "ongoing," "targets," "guidance" and similar
statements. The Company may also make written or oral
forward-looking statements in its periodic reports to the U.S.
Securities and Exchange Commission (the "SEC"), in its annual
report to shareholders, in press releases and other written
materials and in oral statements made by its officers, directors or
employees to third parties. Any statements that are not historical
facts, including statements about the Company's beliefs and
expectations, are forward-looking statements that involve factors,
risks and uncertainties that could cause actual results to differ
materially from those in the forward-looking statements. Such
factors and risks include, but not limited to the following: the
Company's goals and strategies; its future business development,
financial condition and results of operations; the expected growth
of the credit industry, and marketplace lending in particular, in
China; the demand for and market acceptance of its marketplace's
products and services; its ability to attract and retain borrowers
and investors on its marketplace; its relationships with its
strategic cooperation partners; competition in its industry; and
relevant government policies and regulations relating to the
corporate structure, business and industry. Further information
regarding these and other risks, uncertainties or factors is
included in the Company's filings with the SEC. All information
provided in this announcement is current as of the date of this
announcement, and the Company does not undertake any obligation to
update such information, except as required under applicable
law.
For inquiries, please contact:
Tina Xiao Ascent Investor Relations LLC Phone: +1-917-609-0333
Email: tina.xiao@ascent-ir.com
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