HONG
KONG, May 26, 2022 /PRNewswire/ -- Oriental
Culture Holding LTD. ("Oriental Culture" or the "Company") (NASDAQ:
OCG), a leading online service provider of collectibles and
artworks, announced today that the Company's wholly-owned
subsidiary, HKDAEx Limited, has entered into a strategic
cooperation memorandum of understanding ("MOU") with Hangzhou
Metaverse Internet Technology Co., Ltd. ("HMIT").
Pursuant to the MOU, the parties will cooperate and integrate
their respective industry resources to provide services to global
users in connection with NFTs for cultural and artwork collections,
including the mint, sales, auctions, trading of NFTs. This
strategic partnership aligns the unique strengths of OCG and HMIT,
advances the listing business for physical and digital collectibles
and artwork portfolios on the platform of HKDAEx，which is open for
the collectors, artists, art dealers and owners
worldwide.
About Oriental Culture Holding LTD.
Oriental Culture Holding LTD is an online collectibles and
artwork e-commerce service provider that allows collectors,
artists, art dealers and owners to access a much bigger art trading
market where they can engage with a wider range of collectibles or
artwork investors than they could likely encounter without our
platforms. We currently facilitate trading by individual and
institutional customers of various kinds of collectibles and
artworks and certain commodities on our leading online platforms
owned by our subsidiaries in Hong
Kong. We also provide online and offline integrated
marketing, storage and technical maintenance service to our
customers in China. The Company is
in the process of developing business and services relating to NFTs
for cultural and artwork collections as well as a metaverse
project. For more information about the Company, please visit:
www.ocgroup.hk.
Forward-Looking Statement
This press release contains forward-looking statements as
defined in the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include statements regarding plans,
objectives, goals, strategies, future events or performance, as
well as underlying assumptions and other statements that are not
historical facts. A company is making forward-looking statements
when it uses words such as "may," "will," "intend," "should,"
"believe," "expect," "anticipate," "plan," "estimate" or similar
expressions that do not relate solely to historical matters.
Forward-looking statements are not guarantees of future performance
and involve risks and uncertainties that could cause actual results
to differ materially from the Company's expectations discussed in
the forward-looking statements. These statements are subject to
uncertainties and risks, including, but not limited to, the
Company's objectives and strategies; the Company's future business
development; financial condition and results of operations; demand
for and acceptance of products and services; reputation and brand
name; the impact of competition and pricing; changes in technology;
government regulations; fluctuations in general economic and
business conditions in China and
assumptions relating to any of the foregoing and the Company's
other risks contained in its reports filed with the Securities and
Exchange Commission. For these reasons, we caution investors not to
place undue reliance on any forward-looking statements contained in
this press release. Additional factors are discussed in the
Company's filings with the Securities and Exchange Commission,
which are available at www.sec.gov. The Company undertakes no
obligation to publicly revise these forward-looking statements to
reflect events or circumstances arising after the date hereof.
For further information, please contact:
Company Contact.
IR Department
Email: IR@ocgroup.hk
Phone: +852- 21103909
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SOURCE Oriental Culture Holding LTD.