Roan Holdings Group Announces Agreement to Create Joint Venture to Acquire Interactive Multimedia Technologies and Expand into Culture and Tourism Industry Markets

Posted: October 18, 2021 at 7:00 a.m. CDT|Update: 11 minutes ago

BEIJING and HANGZHOU, China, October 18, 2021 / PRNewswire / – Roan Holdings Group Co., Ltd. (“Roan” or the “Company”) (OTC Pink: RAHGF and RONWF), a provider of diversified financial products, insurance and health care solutions and management services, today announced that the Company has signed a cooperative agreement (the “Agreement”) with Flourishing Technology Inc. (“Flourishing”) and experts in interactive multimedia technologies (collectively, the “Parties”) to create a joint venture, FINE C + Interactive Technology (Hangzhou) Limited (the “Target”), to jointly develop cultural and tourism consumption, education development industry enterprises and personal finance services.

In accordance with the Agreement, the Target will undertake to provide cultural tourism facilities and products in research and development, investment in construction, sales and operations, maintenance and services for customers; Research and development of immersive interactive educational facilities and products, market promotion and maintenance and customer services, using real-time multimedia multi-threaded interactive technologies. Roan and Flourishing will use their resource sharing and respective benefits to jointly create an immersive interactive multimedia culture and tourism society based on technology. The target will have an initial registered capital of 5 million RMB.

Under the deal, Roan will be Target’s largest shareholder in terms of cash investment. To ensure smooth cooperation, Roan will be responsible for the target’s development strategies and operations management; Flourishing will be responsible for Target’s technical research and development, management of production processes, installation and maintenance of facilities and software updates. The two sides will work together to jointly promote the commercial exploitation and expansion of the global target market.

Sir. Junfeng Wang, President of the Company, commented: “We continue to expand into the personal consumption services market. The conclusion of a strategic cooperation agreement with Flourishing Technology Inc. represents that we have taken an essential step in the implementation of our growth strategy in the service of cultural and tourist consumption. Flourishing Technology Inc. and its technical team have been in the leading position of real-time multi-threaded interactive multimedia technology, and it is the only company in China and one of only five companies in the world to have this key technology. The technology also provides a perfect synergy that delivers and creates traffic and consumption scenarios to our consumer payment JV previously set up with Harvest. “

“Theme parks have now become a hot industry with investment pouring into the industry as large international smart properties, such as Universal Studios, enter the Chinese market. With its more economical development costs, this core technology now provides immersive multimedia interactive recreational facilities for theme parks, tourist attractions, museums and large-scale shopping complexes. “

“The operations of the target company will be based on the multi-threaded interactive real-time multimedia technology, technology application capability and the major tourist attraction of Flourishing Technology Inc. and its technical team, and will consolidate more first-class IP resources. plan while combining with the company’s own resources. advantages in business operations, marketing channels and strategic plan, to establish a theme park ecosystem and consumption behavior nationwide. In addition, the company also plans to launch immersive interactive cultural and tourism products. We firmly believe that this will bring significant benefits to society in the future. “

About flourishing (Beijing) Animation Technology Co., Ltd.

flourishing (Beijing) Animation Technology Co., Ltd. is a ChinaCanada high-tech joint venture, member of the International Association of Amusement Parks and Attractions (IAPPA) and Board member of the China Association of Amusement Parks and Attractions (CAAPA). The company is located in Tongzhou district in Beijing, covering 20,000 square meters and having a constructed area of ​​15,000 square meters. It specializes in the design, manufacture, development and production of films, software development and system integration of Interactive Theater, Dynamic Theater, Interactive Dark Ride, Flying Theater and other recreational facilities. . It also provides immersive multimedia interactive recreational facilities for theme parks, tourist attractions, museums and large-scale shopping complexes at home and abroad.

About Roan Holdings Group Co., Ltd.

Founded in 2009, Roan Holdings Group Co., Ltd. (OTC Pink: RAHGF and RONWF) is a financial, insurance and healthcare solutions company serving individuals and micro, small and medium enterprises (“MSME”) in China. Roan provides health management, asset and insurance management, healthcare and consumer finance services to employees of large institutions. Roan has offices at Hangzhou and Beijing and subsidiaries in Hangzhou, Ningbo, Canton, Shaoxing and Tianjin. For more information, please visit: www.roanholdingsgroup.com.

Safe Harbor Declaration

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 US Private Securities Litigation Reform Act of 1995. These forward-looking statements concern, among other things, the the completion of the proposed transaction and may be identified by terms such as “may”, “will”, “expect”, “anticipate”, “aim”, “estimate”, “intend”, ” plan ”,“ believe ”,“ potential ”,“ continue ”,“ is / are likely to ”or other similar expressions. These statements are based on management’s current expectations as to the completion of the proposed transaction, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and of which many are beyond the control of the Society. Further information regarding these and other risks, uncertainties or factors is included in the documents filed by the Company with the United States Securities and Exchange Commission. The Company assumes no obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required by law.

Infrared contact:

In the business:
Katrina wu
Email: [email protected]
Phone: + 86-571-8662 1775

Investor relations firm:
Janice Wang
EverGreen Consulting Inc.
Email: [email protected]
Phone: +1 571-464-9470 (from the US)
+86 13811768559 (from China)

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SOURCE Roan Holdings Group Co., Ltd.

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