Shanghai Yicheng Culture acquires (EGOC) Energy 1 Corp. in the United States to accelerate its vision of establishing a platform for international expansion
SHANGHAI, May 14, 2021 / PRNewswire / – As a global innovative technology services company, Shanghai Yicheng Culture Communication Co., Ltd. (abbreviated Shanghai Yicheng Culture) announced the acquisition of (EGOC) Energy 1 Corp., headquartered in Nevada, United States, stock exchange code: EGOC of which, (EGOC) Energy 1 Corp. agreed to sell, while Shanghai Yicheng Culture Co., Ltd. has agreed to acquire the majority stake in the target company. In accordance with the sale and purchase agreement, Shanghai Yicheng Culture proposes to acquire and EGOC intends to sell the entire controlling stake in the target company (or its holding company).
The acquirer – Shanghai Yicheng Culture Communication, is committed to building a global platform of innovative cutting-edge technology services with the integration of industrialized operations; smart online retailing; innovative medical and health management; cinema, television and media; blockchain technology applications; cultural and educational services. For the future, ecosystem integration will be the direction of development, in which high-end services around the world will be the core business, providing innovative technological services with big data, so as to open up the path to diversified global development.
“Smart retail e-commerce”, “innovative healthcare” and “innovative big data applications” are the three main pillars of Shanghai Yicheng culture. With smart retail e-commerce, a self-sustaining online shopping mall has established itself. Through rigorous control of the eligibility of manufacturers in the supply chain, as well as the adoption of an innovative F to C model, more beauty and health products are expected to be released. discounts and high quality are delivered direct from manufacturers to corporate customers. This not only helps more customers to reduce their costs, but also allows more innovative brands to create their own sales channels, thus realizing the dream of having more national brands. As for innovative healthcare, which has strongly integrated online and offline services, considerable growth in value is expected. Through technology, the importance of health and well-being will be deeply rooted in the hearts of people, hence the realization of an improved global strategy of health and ecological services.
The acquirer and the acquirer of this acquisition are organizations that strive to serve customers with innovative technologies, in order to make services more accessible and better. Upon completion of the acquisition, the two parties will work together to implement new market strategies and explore the global market, in order to have a positive impact by maximizing the potential of all suppliers and customers. Shanghai Yicheng Culture and (EGOC) Energy 1 Corp. are committed to striving for ideals and will continue to excel by promoting diversity, equality and inclusion, and providing free and paid services and products for all.
Gu Juan Position: Executive Assistant E-mail: [email protected]