HONG
KONG, Jan. 13, 2023 /PRNewswire/ -- UCLOUDLINK
GROUP INC. ("UCLOUDLINK" or the "Company") (NASDAQ: UCL), the
world's first and leading mobile data traffic sharing marketplace,
today announced that Beijing Huaxianglianxin Technology Co., Ltd.
("Huaxianglianxin"), which UCLOUDLINK has invested in since 2019, has been successfully listed
on the China National Equities Exchange and Quotations ("NEEQ"), an
over-the-counter stock exchange in China, as of January
12, 2023, under the ticker 874037.
Huaxianglianxin is a mobile virtual network operator ("MVNO")
that has a virtual operator license compliant with guidance and
regulations issued by the Ministry of Industry and Information
Technology of the People's Republic of
China. UCLOUDLINK holds 6,000,000 shares of Huaxianglianxin
and the two companies cooperate in multiple fields, including Internet of Things business.
"Huaxianglianxin has been UCLOUDLINK's trusted partner in
developing our local business in mainland China, as it
accelerates growth of its cloud communication business throughout
the past couple of years," said Chaohui Chen, Director and CEO of UCLOUDLINK.
"We congratulate Huaxianglianxin on its
NEEQ listing, which we believe will add momentum to its
business prospects. We expect it will also benefit UCLOUDLINK as we
plan to continue expanding our local business in mainland China. As
part of our effort to strengthen our global PaaS and SaaS
ecosystem, we strive to explore ways in which we can work with
business partners in the post-COVID-19 pandemic era, aiming to
provide solutions to both users and carriers with better network
quality and connection, enabling not just 'connected' but 'better
connection'."
About UCLOUDLINK GROUP INC.
UCLOUDLINK is the world's first and leading mobile data traffic
sharing marketplace, pioneering the sharing economy business model
for the telecommunications industry. The Company's products and
services deliver unique value propositions to mobile data users,
handset and smart-hardware companies, mobile virtual network
operators (MVNOs) and mobile network operators (MNOs). Leveraging
its innovative cloud SIM technology and architecture, the Company
has redefined the mobile data connectivity experience by allowing
users to gain access to mobile data traffic allowance shared by
network operators on its marketplace, while providing reliable
connectivity, high speeds and competitive pricing.
Carina Cheung,
carina-pr@ucloudlink.com
(852) 21806111
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SOURCE UCLOUDLINK GROUP INC.