Roan Holdings Group Co., Ltd. Announces Agreement to Establish Joint Venture to Develop Its Entertainment Technology Business
November 18, 2021 at 06:30 pm IST
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Roan Holdings Group Co., Ltd. announced that the Company's subsidiary, FINE C+ Interactive Technology (Hangzhou) Limited has signed a cooperation agreement with Beijing Liuxinghuoyu Technology Co., Ltd., a subsidiary of Harvest Horn (Beijing) Marketing Co., Ltd. to set up an entertainment technology joint venture focusing on expanding its theme park business. Pursuant to the Agreement, the Target is positioned as a service provider base on the integration of entertainment, artificial intelligence, and the intellectual properties. The Target, tentatively named FINE C+ Entertainment Technology (Hangzhou) Limited, will be registered in Hangzhou City with a registered capital of RMB 1 million. Both parties will hold the Target's equity with cash investment; FINE C+ Interactive and Roan's partners will hold 70% equity, and Harvest Horn's subsidiary, Liuxinghuo will hold the remaining 30% equity. To support the Target's operational development, Roan will be responsible for formulating the Target's development strategies, and overseeing both the Target's resource management and system construction. FINE C+ Interactive will provide the overall solution for the theme park project including design and implementation, operational management, and interactive technical support service. Harvest Horn and its subsidiary, Liuxinghuoyu will be responsible for Target's IP operational management, technological research and development, and derivative product development according to consumer needs. All parties will share their resources and utilize their respective advantages to jointly promote the Target's business development and global market expansion.
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.