Jiuzi Holdings, Inc. Enters into Strategic Cooperation Agreement with Chinese EV Brand Distributor Anji Chuangxing

HANGZHOU, China, May possibly 18, 2022 /PRNewswire/ — Jiuzi Holdings, Inc. (NASDAQ: JZXN the “Corporation”), a new energy automobiles franchisor and retailer less than the model identify “Jiuzi” in China, today announced that, on April 30, 2022, the Firm, by means of its wholly-owned subsidiary Hangzhou Zhitongche Technological innovation Co., Ltd. (“Zhitongche”), has entered into an a person-12 months strategic cooperation settlement (the “Agreement”) with Anji Chuangxing New Power Vehicle Income Co. Ltd. (“Anji Chuangxing”), a Chinese automobile distributor of Anji Changyou Automobile Support Co. Ltd. (“Anji Changyou”), which is a wholly condition-owned electric powered vehicle (“EV”) maker focused to market the notion of intelligent and eco-friendly vacation.

Pursuant to the Arrangement, the two get-togethers will get the job done together to even more the advancement of the EV market by, for example, endorsing ground breaking formats of journey and profits of EVs, making certain secure, dependable and commercially practical software of EVs in long distance transportation, developing an EV transportation financial investment procedure, and improving the efficiency and quality for travel-relevant providers.

Anji Chuangxing’s goal market is Huzhou metropolis, which is one of the to start with ecological wellness demonstration towns in China with a robust tourism current market. Considering the fact that Huzhou promotes reduced-carbon and inexperienced travel that instructions potent need for EVs, it is predicted to make incredible organization alternatives for the collaboration amongst Zhitongche and Anji Chuangxing, which will try to conduct EV rental expert services for the 1st time in Zhejiang Province, particularly focusing on the tourism industry.

Mr. Shuibo Zhang, CEO of Jiuzi Holdings, Inc., commented: “Following our strategic tie with primary EV makers these types of as Geely and Skywell’s affiliates, we are dedicated to advancing our multi-manufacturer strategy and we feel our collaboration with Anji Chuangxing will generate fruitful returns. Anji Chuangxing also intends to supply RMB50-100 million financial facility to assist our buys of diverse makes of EVs in the in close proximity to long term.”

“In addition to continue expanding our distribution throughout China and penetrating new markets, we are also tests and exploring marketplace options to enter into car or truck-hailing products and services. JZXN will keep its wonderful momentum to glimpse for partnerships and market prospects that empower us to leverage our strengths, profit our business enterprise and aid our potential growth.”

About Anji Chuangxing New Power Auto Gross sales Co. Ltd.

Anji Xing New Energy Auto Profits Co., Ltd. is a wholly-owned subsidiary of Anji Changyou Car Assistance Co., Ltd. Anji Changyou is a combined ownership organization managed by Anji Transportation Advancement Enterprise and Urban Expense Group Organization, which are point out-owned enterprises,. Anji Changyou encourages the concept of environmentally friendly and intelligent vacation, and relies on its infrastructure building business enterprise as the foundation to facilitate this new format of new electricity green travel. It generally encourages the application of new strength vehicles by relying on governing administration assistance, intently pursuing marketplace desire, strengthening market planning, creating standard construction of charging infrastructure, and forming a handy rental and charging assistance network for new electrical power autos to go over the complete metropolis. For more facts, remember to take a look at: http://www.acyev.com/.

About Jiuzi Holdings, Inc.

Jiuzi Holdings, Inc., headquartered in Hangzhou, China, and established in 2017, franchises and operates retail suppliers below the brand title “Jiuzi” to promote New Energy Automobiles (“NEVs”) in 3rd-fourth tier metropolitan areas in China. The Business mostly sells battery-operated electric vehicles, and resources NEVs as a result of more than twenty NEV brands. It has 31 functioning franchise outlets and one business-owned shop. For a lot more facts, go to the Company’s web site at http://www.zjjzxny.cn/.

Ahead-Wanting Statements

All statements other than statements of historical truth in this announcement are forward-wanting statements. These forward-searching statements include regarded and unknown threats and uncertainties and are centered on existing expectations and projections about foreseeable future situations and fiscal tendencies that the Organization believes may possibly have an effect on its monetary problem, effects of operations, company method and economic needs, including the expectation that the Offering will be successfully accomplished. Buyers can recognize these ahead-seeking statements by phrases or phrases this sort of as “may well,” “will,” “be expecting,” “anticipate,” “aim,” “estimate,” “intend,” “prepare,” “believe,” “likely,” “continue,” “is/are possible to” or other comparable expressions. The Firm undertakes no obligation to update ahead-on the lookout statements to reflect subsequent occurring functions or instances, or modifications in its anticipations, besides as may well be required by legislation. Although the Organization thinks that the anticipations expressed in these forward-looking statements are fair, it cannot guarantee you that these anticipations will turn out to be accurate, and the Corporation cautions traders that genuine results may well vary materially from the predicted outcomes and encourages buyers to assessment other elements that may have an impact on its future results in the Company’s registration assertion and in its other filings with the SEC.

For extra info, make sure you get hold of:

Janice Wang

EverGreen Consulting Inc.

Email: [email protected]

Cellphone: +1 571-464-9470 (from U.S.)

+86 13811768559 (from China)

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Source Jiuzi Holdings, Inc.