BEIJING, Dec. 29, 2017 /PRNewswire/ -- China Internet Nationwide Financial Services Inc. (NASDAQ: CIFS) ("CIFS" or the "Company"), a leading financial advisory services company, today announced that it has entered into a strategic cooperation agreement (the "Agreement") with China Co-op Foreign Trade LLC ("CCFT"), a majority-owned subsidiary of All China Federation of Supply and Marketing Cooperatives ("China Co-op").
Pursuant to the Agreement executed on December 26, 2017, the two parties will explore cooperation opportunities including the joint development of a big data center for China's Co-op and agricultural-related industries, a settlement center in support of the One Belt One Road Initiative, as well as designating the Company as a preferred partner in providing data analytics and financing advisory services to China Co-op's network of cooperatives and affiliated enterprises.
Guoping Yu, Chairman of CCFT, commented, "We are impressed with the CIFS team and their achievement and capability in providing innovative financial advisory services to small-to-medium sized enterprises. We believe the Agreement provides a win-win situation for both parties and look forward to this strategic partnership to grow and bear fruit in years to come."
"As we continue to expand following our recent successful IPO, the launch of supply chain financing services and FinTech initiative, and the acquisition of Anytrust Science & Technology, we are very excited about this partnership which gives us a unique opportunity to potentially gain access to China Co-op's vast network of cooperatives and affiliates that include hundreds and thousands of SMEs," added Mr. Jianxin Lin, Chairman and Chief Executive Officer of CIFS.
About China Co-op Foreign Trade LLC
Established in January 1987, China Co-op Foreign Trade LLC is a majority-owned subsidiary of All China Federation of Supply and Marketing Cooperatives ("China Co-op"), one of the largest cooperatives in the world and a leading producer and trader of agricultural inputs, produces and related merchandise in China with an aggregate turnover of approximately RMB 4.78 trillion in 2016. For more information, please visit: www.china-coop.com/about.asp?id=2 or www.china-coop.com.
About China Internet Nationwide Financial Services Inc.
Incorporated in 2014 and headquartered in Beijing, China Internet Nationwide Financial Services Inc. provides financial advisory services, including commercial payment advisory, intermediary bank loan advisory, and international corporate financing advisory, to meet the financing and capital needs of its clients, comprised largely of small-to-medium sized enterprises. For more information, please visit: www.cifsp.com.
Forward Looking Statements
This news release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and 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 can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. All statements other than statements of historical fact in this press release are forward-looking statements and involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These forward-looking statements are based on management's current expectations, assumptions, estimates and projections about the Company and the industry in which the Company operates, but involve a number of unknown risks and uncertainties. Further information regarding these and other risks is included in the Company's filings with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and actual results may differ materially from the anticipated results. You are urged to consider these factors carefully in evaluating the forward-looking statements contained herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by these cautionary statements.
China Internet Nationwide Financial Services Inc.
Phone: +86 10 8587 8166
Tony Tian, CFA
Weitian Group LLC
Phone: +1 732 910 9692
SOURCE China Internet Nationwide Financial Services Inc.