BEIJING, URUMQI, China and
HANGZHOU, China, July 29, 2019 /PRNewswire/ -- China Lending
Corporation ("China Lending" or the "Company") (NASDAQ: CLDC), a
non-bank financial corporation servicing micro, small and medium
sized enterprises in China, today
announced that it has entered into a five-year strategic
partnership with Zhong Lian Jin An Insurance Brokers Co., Ltd.
("ZLJA"), a leading insurance brokerage company in China with over 90 branches across the
nation.
The partnership will enable both companies to further expand
each other's customer bases and to develop superior, customized
consumer financing and insurance products by leveraging their
industry expertise, service capabilities, and industry networks.
China Lending will utilize its market resources to help ZLJA to
effectively expand and manage its insurance customer base and sales
channels. In return, ZLJA will leverage its existing customer base
to identify potential sales leads for the Company's consumer
financing services.
The Company also facilitated a tripartite cooperation agreement
between ZLJA, Urumqi Haoyi Yuntian Information Technology Co., Ltd.
("Haoyi Yuntian"), a business partner of China Lending, and Gongdao
Network Technology Co., Ltd. ("Gongdao") which is focused on
developing online litigation solutions. Pursuant to the cooperation
agreement, ZLJA will acquire customers seeking litigation guarantee
insurance products from Gongdao's online litigation portal and
serve as the exclusive insurance broker for such customers in the
Xinjiang Uyghur Autonomous Region, and Haoyi Yuntian will provide
intellectual property support for the litigation guarantee
insurance business. China Lending expects to benefit economically
from the transactions by virtue of its partnerships with ZLJA and
Haoyi Yuntian.
Ms. Jingping Li, co-founder and
chief executive officer of China Lending, commented, "We believe
that our partnerships with both ZLJA and Gongdao will facilitate
our expansion into the insurance business in the Xinjiang Uyghur
Autonomous Region. We expect that such expansion will enable us to
expand our customer base, diversify our revenue streams, and
explore additional monetization opportunities. Our partnerships
with industry leaders such as ZLJA and Gongdao are representative
of our ongoing efforts to expand into new business verticals while
enhancing the quality of our product offerings. Going forward, we
will continue to focus on cultivating synergies with our partners.
We will also continue to explore new business opportunities with
our partners to expand our customer bases and increase our market
share while promoting the mutual development of our
businesses."
About China Lending Corporation
Founded in 2009, China Lending is a non-bank financial
corporation and provides comprehensive financial services to micro,
small and medium sized enterprises, and individuals. China Lending
has headquarters in Urumqi, the capital of Xinjiang Autonomous
Region, and Hangzhou, the capital
of Zhejiang province. For more
information, please visit: www.chinalending.com.
Safe Harbor Statement
This announcement contains forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements relate to,
among others, the consummation of the proposed partnership, and can
be identified by terminology such as "may," "will," "expect,"
"anticipate," "aim," "estimate," "intend," "plan," "believe,"
"potential," "continue," "is/are likely to" or other similar
expressions. Such statements are based upon management's current
expectations of the consummation of the proposed partnership, and
relate to events that involve known or unknown risks, uncertainties
and other factors, all of which are difficult to predict and many
of which are beyond the Company's control. Further information
regarding these and other risks, uncertainties or factors is
included in the Company's filings with the U.S. Securities and
Exchange Commission. The Company does not undertake any obligation
to update any forward-looking statement as a result of new
information, future events or otherwise, except as required under
law.
IR Contact:
At the Company:
Katrina Wu
Email: wuxiaoqing@chinalending.com
Phone: +86-991-316-9617
Investor Relations:
Jack Wang
ICR Inc.
Email: ICR-TMT@icrinc.com
Phone: +1 646-224-6936
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SOURCE China Lending Corporation