Apshang Oriental Culture Signs Memorandum of Strategic Cooperation for Blockchain Based Digital Culture Products Service Business


HONG KONG, Feb. 24, 2022 /PRNewswire/ — Oriental Tradition Holding LTD (“Oriental Tradition” or the “Firm”) (NASDAQ: OCG) immediately introduced that it has signed a strategic cooperation memorandum of understanding (“MOU”) with Heng Properly Info Know-how Co., Ltd. (“Heng Properly”), pursuant to which events will begin the excellent cooperation on blockchain based mostly digital cultural and paintings merchandise service enterprise.

Based on the MOU, the events will develop blockchain+ and NFT associated providers and enterprise for cultural and paintings merchandise to take the benefit of Heng Properly’s expertise and power within the areas of blockchain and NFT and Oriental Tradition’s expertise and connections within the cultural and paintings market. The Firm will draw on its intensive data and expertise within the present and conventional cultural and paintings merchandise market to construct up an ecological service networking for the blockchain based mostly digital cultural and paintings enterprise by working along with Heng Properly to broaden the commerce in cultural and artworks and have interaction a variety of the inhabitants within the assortment, commerce, and communication of cultural and paintings merchandise in numerous types.

The events agree to carry common conferences between their senior administration to offer steerage, assist, and supervision of the event of recent enterprise, and to coordinate and resolve main points arising within the enterprise apply.

Mr. Mun Wah Wan, Chairman of Oriental Tradition commented:” The market measurement of cultural and paintings merchandise is growing rapidly, and the market demand for cultural and paintings commerce platform and associated providers presents a diversified pattern with the latest growth of blockchain expertise and NFT. Heng Properly is an organization that has superior blockchain+ expertise and wealthy expertise in associated areas, and the cooperation between our two firms will assist us to supply blockchain based mostly providers for the digital cultural and paintings merchandise, marking one other milestone of the Firm in its efforts to create a full-service and new expertise pushed platform for cultural and paintings merchandise.”


About Oriental Tradition Holding LTD.

Oriental Tradition Holding LTD is a web-based collectibles and paintings e-commerce service supplier that permits collectors, artists, artwork sellers and homeowners to entry a a lot larger artwork buying and selling market the place they will interact with a wider vary of collectibles or paintings traders than they may probably encounter with out our platforms. We at the moment facilitate buying and selling by particular person and institutional clients of all types of collectibles, artworks and commodities on our main on-line platforms owned by our subsidiaries in Hong Kong. We additionally present on-line and offline built-in advertising, storage and technical upkeep service to our clients in China. For extra details about the Firm, please go to: www.ocgroup.hk.

About Heng Properly Info Know-how Co., Ltd.

Jiangsu Heng Properly Info Know-how Co., Ltd. (“Heng Properly”) is an revolutionary high-tech firm specializing in info expertise and integrating Web+ idea into the ecological chain of assorted elements of life. It’s a member of the primary Nationwide Blockchain and Distributed Accounting Know-how Standardization Technical Committee in China, a member of the Board of Administrators of China Blockchain Know-how and Trade Growth Discussion board, a member of Trusted Blockchain Initiatives, a Chinese language sponsor of China-Canada Institute of Web of Issues and Blockchain Trade, and serves as president of Wuxi Blockchain Trade Alliance. Heng Properly’s strategic plan covers the excellent blockchain ecology, together with blockchain underlying expertise growth, and customary blockchain providers and many others. For extra details about Heng Properly, please go to: www.hwelltech.com.

Ahead-Wanting Assertion

This press launch incorporates forward-looking statements as outlined within the Non-public Securities Litigation Reform Act of 1995. Ahead-looking statements embrace statements concerning plans, aims, targets, methods, future occasions or efficiency, in addition to underlying assumptions and different statements that aren’t historic details. An organization is making forward-looking statements when it makes use of phrases equivalent to “might,” “will,” “intend,” “ought to,” “consider,” “count on,” “anticipate,” “plan,” “estimate” or comparable expressions that don’t relate solely to historic issues. Ahead-looking statements aren’t ensures of future efficiency and contain dangers and uncertainties that might trigger precise outcomes to vary materially from the Firm’s expectations mentioned within the forward-looking statements. These statements are topic to uncertainties and dangers, together with, however not restricted to, the Firm’s aims and techniques; the Firm’s future enterprise growth; monetary situation and outcomes of operations; demand for and acceptance of services and products; fame and model title; the affect of competitors and pricing; modifications in expertise; authorities laws; fluctuations usually financial and enterprise circumstances in China and assumptions regarding any of the foregoing and the Firm’s different dangers contained in its reviews filed with the Securities and Change Fee. For these causes, we warning traders to not place undue reliance on any forward-looking statements contained on this press launch. Further components are mentioned within the Firm’s filings with the Securities and Change Fee, which can be found at www.sec.gov. The Firm undertakes no obligation to publicly revise these forward-looking statements to mirror occasions or circumstances arising after the date hereof.

SOURCE Oriental Tradition Holding LTD.

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