Discussions are progressing for China Blue Gold Digital Holdings Group Co Ltd ("Blue Gold") to take a significant minority shareholding in the Company, and for working together and the potential transfer of part of the business of Blue Gold to TNPH.
Blue Gold operates an electronic marketplace in China, where multiple merchants can market and sell their products and services. Customers on the platform receive digital points, depending on their spending and level of engagement. Those points can be used or traded on the platform, similar to tokens or digital assets. The company also provides consulting services to digitize the operations of companies to bring them onto and make better use of the platform.
TNPH management are working with Blue Gold management to identify ways to expand their business both within China and internationally.
Additional information will be released as things progress.
Your attention is drawn
to the Forward-Looking Statement notice below, which is an integral part of
this news release, and should be read in conjunction with this news release.
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.
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