Roan Holdings Group Co., Ltd. Announces Agreement to Set Up Joint Venture to Acquire Multimedia Interactive Technologies and Expand into Culture and Tourism Industry Markets
October 18, 2021 at 01:00 pm
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Roan Holdings Group Co., Ltd. announced that the Company has signed a cooperation agreement with Flourishing Technology Inc. and media interactive technology experts to set up a joint venture, FINE C+ Interactive Technology Limited, to jointly develop culture and tourism consumption, education development industry business and personal finance services. Pursuant to the Agreement, the Target will be engaged in offering cultural tourism facilities and products research and development, construction investment, sales and operations, customers maintenance and services; immersive interactive education facilities and products research and development, market promotion, and customer maintenance and services, utilizing multimedia real-time multi-threaded interactive technologies. Roan and Flourishing will use their resource sharing and respective advantages to jointly set up a technology-based immersive interactive multimedia cultural and tourism company. The Target will have an initial registered capital of RMB 5 million. According to the agreement, Roan will be the largest shareholder in the Target by cash investment. To ensure smooth cooperation, Roan will be responsible for the Target's development strategies and operation management; Flourishing will be responsible for Target's technical research and development, production process management, facilities installation and maintenance, and software updates. Both parties will work together to jointly promote the business operation and global market expansion of the Target.
Roan Holdings Group Co., Ltd., formerly China Lending Corporation, is engaged in providing loan facilities to micro, small and medium sized enterprises (MSMEs), and proprietors in the Xinjiang Uyghur Autonomous Region (Xinjiang Province) of the Peopleâs Republic of China. The Company offers loans to industries, including commerce, service, supply chain finance, manufacturing, real estate, mineral and energy, and others. Its subsidiaries include Adrie Global Holdings Limited (Adrie), Feng Hui Ding Xin (Beijing) Financial Consulting Co., Limited (Consulting) and Xinjian Feng Hui Jing Kai Direct Lending Limited (XWFOE). Adrie is a holding company that has no operations and no assets, and has ownership in Feng Hui Financial Group. Consulting is engaged in the business of providing risk management-related financial consulting services to third-party direct lending companies in China. XWFOE is focused on providing direct loans to MSMEs and proprietors in Xinjiang Province.
Roan Holdings Group Co., Ltd. Announces Agreement to Set Up Joint Venture to Acquire Multimedia Interactive Technologies and Expand into Culture and Tourism Industry Markets