SHANGHAI, March 23,
2023 /PRNewswire/ -- Nisun International Enterprise
Development Group Co., Ltd ("Nisun" or the "Company") (Nasdaq:
NISN), a provider of innovative comprehensive solutions through an
integration of technology, industry, and finance, today announced
that the Company's controlled affiliate, Fintech Supply Chain
Management (Shandong) Co., Ltd.,
has entered into a strategic cooperation agreement (the
"Agreement") with Gold of China Limited ("Gold of China"), a leading company engaging in the
gold wholesale and jewelry retail in China. The Agreement represents a significant
initiative of the Company's supply chain business strategy to
increase its presence and explore growth opportunities in the gold
and jewelry market.
The Chinese gold market is the world's largest physical gold
market. It is also one of the world's most protected gold markets
given that the importation of gold into China is still strictly controlled by the
Chinese authorities, and the exportation of gold out of
China is generally prohibited. In
addition, according to Statista's estimate, China ranked first among all jewelry markets
in the world, with revenue estimated to exceed RMB865 billion (approximately US$125 billion) by 2026.
Mr. Xiaoyun Huang, Chief
Executive Officer of Nisun, commented. "We are thrilled to have the
opportunity to work with Gold of China as a partner. Gold of China is a highly sought-after partner in the
gold and jewelry industry, and its expertise and brand awareness
will build a strong foundation for our new businesses. We expect to
increase business presence and explore growth opportunities in the
market of gold and jewelry. Our strategic partnership will enable
us to seize market opportunities and gain market share in the gold
and jewelry industry. Looking forward, we believe this cooperation
could create more value for all stakeholders and will position us
well to build a new era of revenue growth."
About Gold of China Limited
Founded in 1992 and approved by the People's Bank of
China, Gold of China Limited has
become iconic in leading the gold wholesale and jewelry retail
markets in China. The strategic
marketing agreements with World Gold Council pioneer the exquisite
gold jeweleries retail under Gold of China brand. With more than
300 retail stores and franchise network across regions, Gold of
China continues delivering
imaginative product design, uncompromised quality in materials, and
professional services to customers. Gold of China is driven by a pursuit of timeless
classic, contemporary fashion, and excellent craftsmanship. The
company successfully manages the multi-brand strategy, including
Tamory, QBT, CGC brands and Everlove jewelry series, which expands
the business to millennial and Gen-Z customer markets. Gold of
China also owns a prospering
e-commerce business and operates in several digital platforms to
bring excellent shopping experience online.
About Nisun International Enterprise Development Group Co.,
Ltd
Nisun International Enterprise Development Group Co., Ltd
(NASDAQ: NISN) is a technology-driven, integrated supply chain
solutions provider focused on transforming the corporate finance
industry. Leveraging its rich industry experience, Nisun is
dedicated to providing professional supply chain solutions to
Chinese and foreign enterprises and financial institutions. Through
its subsidiaries, Nisun provides users with professional solutions
for technology supply chain management, technology asset routing,
and digital transformation of tech and finance institutions,
enabling the industry to strengthen and grow. At the same time,
Nisun continues to deepen the field of industry segmentation
through industrial and financial integration, by
cultivating/creating an ecosystem of openness and empowerment.
Nisun has built a linked platform that incorporates supply chain,
banking, securities, trust, insurance, funds, state-owned
enterprises, among other businesses. Focusing on industry-finance
linkages, Nisun aims to serve the upstream and downstream of the
industrial supply chain while also assisting with supply-side
sub-sector reform. For more information, please visit
http://ir.nisun-international.com/
Cautionary Note Regarding Forward-Looking
Statements
This press release contains information about Nisun's view of
its future expectations, plans and prospects that constitute
forward-looking statements. Actual results may differ materially
from historical results or those indicated by these forward-looking
statements as a result of a variety of factors including, but not
limited to, risks and uncertainties associated with its ability to
raise additional funding, its ability to maintain and grow its
business, variability of operating results, its ability to maintain
and enhance its brand, its development and introduction of new
products and services, the successful integration of acquired
companies, technologies and assets into its portfolio of products
and services, marketing and other business development initiatives,
competition in the industry, general government regulation,
economic conditions, dependence on key personnel, the ability to
attract, hire and retain personnel who possess the technical skills
and experience necessary to meet the requirements of its clients,
and its ability to protect its intellectual property. Nisun
encourages you to review other factors that may affect its future
results in Nisun's registration statement and in its other filings
with the Securities and Exchange Commission. Nisun assumes no
obligation to update or revise its forward-looking statements as a
result of new information, future events or otherwise, except as
expressly required by applicable law.
Contacts
Nisun International Enterprise Development Group Co.,
Ltd
Investor Relations
Tel: +86 (21) 2357-0055
Email: ir@cnisun.com
Ascent Investor Relations LLC
Tina Xiao
Tel: +1 (917) 609 0333
Email: tina.xiao@ascent-ir.com
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SOURCE Nisun International Enterprise Development Group Co.,
Ltd