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YRZZ Announces its Strategic Cooperation with Hexindai, Inc.

December 23, 2019 GMT

BEIJING, Dec. 23, 2019 (GLOBE NEWSWIRE) -- Entertainment Manufacturing International Culture Media Group Co. Limited (“YRZZ”), a leader in Asia’s entertainment industry, announced its strategic cooperation with Nasdaq listed Hexindai, Inc. (NASDAQ: HX) (“Hexindai”) today. Color World Entertainment Limited, an affiliate of YRZZ, and Hexindai entered into a non-binding Memorandum of Understanding (“MOU”) of intent to start collaborating on business integration and expansion going forward.

YRZZ, a leading live event entertainment company in Asia, is equipped with abundant resources to seamlessly facilitate a variety of world-class live entertainment and performances featuring premier celebrities. With its prominent cast and seasoned operation professionals, YRZZ has established a stellar reputation and is well known for its rich experience in providing solid on-and-off line entertainment to audiences worldwide.

Mr. Xin Wu, President of the Entertainment Manufacturing International Culture Media Group Co. Limited, commented “As we have successfully accomplished our strategic expansion covering the Southeast Asia region, YRZZ will begin to actively explore the U.S. and European markets to establish a true global business network. The cooperation with Hexindai will allow us to leverage Hexindai’s existing resources on the Nasdaq and propel our global expansion plan. Entertainment is without borders. As the first entertainment company in Asia to tap into the global capital market, we aspire to connect the world by facilitating cultural exchanges of artistic performances and building our own global entertainment enterprise.”

About Entertainment Manufacturing International Culture Media Group Co. Limited

Entertainment Manufacturing International Culture Media Group Co. Limited is premier live event entertainment group, equipped with abundant resources to facilitate a variety of live entertainment and performances featuring world class celebrities. With its prominent cast and seasoned operation professionals, the Company has established a stellar reputation and is well known for its rich experience in providing solid on-and-off line entertainment to audiences worldwide.

Safe Harbor Statement

This announcement contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “potential,” “continue,” “ongoing,” “targets,” “guidance” and similar statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements that involve factors, risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors and risks include, but not limited to the following: the Company’s goals and strategies; its future business development, financial condition and results of operations; the expected growth of the credit industry, and marketplace lending in particular, in China; the demand for and market acceptance of its marketplace’s products and services; its ability to attract and retain borrowers and investors on its marketplace; its relationships with its strategic cooperation partners; competition in its industry; and relevant government policies and regulations relating to the corporate structure, business and industry. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the SEC. All information provided in this announcement is current as of the date of this announcement, and the Company does not undertake any obligation to update such information, except as required under applicable law.

For inquiries, please contact:

Tina Xiao Ascent Investor Relations LLC Phone: +1-917-609-0333 Email: tina.xiao@ascent-ir.com