XIAMEN, China, Aug. 25, 2021 /PRNewswire/ — Pop Society Group Co., Ltd (“Pop Tradition” or the “Organization”) (Nasdaq: CPOP), a hip-pop lifestyle business in China, declared right now that, for the reason of acquiring its Application-as-a-Provider (“SaaS”) program to speed up electronic transformation, the Company entered into a letter of intent for strategic cooperation (the “Ton”) on August 17, 2021 with Shenzhen HipHopJust Information and facts Technological know-how Co., Ltd. (“Hit”), an impressive company engaging in 3rd-celebration products and services for dance events and World wide web facts solutions for the dance marketplace.
Pursuant to the Large amount, the two events agreed to jointly produce a SaaS technique to provide road dance corporations and enterprises, market the progress of the road dance industry, and build bridges amongst governments and enterprises in the street dance market, so as to cultivate far more road dance abilities for the upcoming Paris 2024 Olympics.
This cooperation aims to integrate channels, technologies, abilities, and other methods amassed by the Corporation and Strike in the road dance field through the a long time, and leverage the strengths of these types of an integration. Moreover, equally firms be expecting to even further improve and encourage open up administration methods and function live broadcast and function data platforms for street dance chains, with the objective of setting up a SaaS technique exclusively designed for avenue dance chains. The firms count on the SaaS program to enable dance businesses immediately and conveniently tackle plan perform, lower labor fees, and observe procedure results at any time and anyplace.
Mr. Zhuoqin Huang, Chairman and Chief Government Officer of Pop Lifestyle, commented, “We believe that our cooperation will support Hit in its avenue dance articles procedure and support us establish our SaaS process for street dance chains. We hope our SaaS process to effectively enable dance studios simplify functions, minimize working prices, and velocity up growth. With the countdown to the Paris Olympics, the commercial price of the street dance sector is getting to be a lot more promising in the Chinese industry. We search ahead to tapping the massive economic probable of avenue dance market place alongside one another with Hit and helping each improve in the long term.”
About Pop Society Team Co., Ltd
Headquartered in Xiamen, China, Pop Culture Group Co., Ltd is a hip-hop culture firm. The Organization aims to market hip-hop tradition and its values of like, peace, unity, regard, and acquiring exciting, and to advertise cultural trade with regard to hip-hop in between the United States and China. With the values of hip-hop culture at its core and the youthful technology as its principal focus on audience, the Organization hosts leisure functions, operates hip-hop connected on the internet systems, and presents celebration setting up and execution solutions and advertising products and services to company clients. The Organization has in recent years targeted on creating and web hosting its have hip-hop functions. For more data, take a look at the Firm’s site at http://ir.popinter.cn/.
All statements other than statements of historical simple fact in this announcement are forward-searching statements. These forward-wanting statements involve recognized and unidentified challenges and uncertainties, such as the additional spread of the COVID-19 virus or new variants thereof, or the occurrence of one more wave of conditions and the impression it may have on the Firm’s operations and the demand from customers for the Firm’s providers, and are primarily based on recent expectations and projections about future situations and financial trends that the Firm thinks may possibly have an impact on its monetary problem, outcomes of functions, enterprise tactic, and fiscal needs. Investors can discover these forward-searching statements by phrases or phrases this kind of as “might,” “will,” “assume,” “anticipate,” “purpose,” “estimate,” “intend,” “program,” “consider,” “opportunity,” “proceed,” “is/are likely to,” or other very similar expressions. The Corporation undertakes no obligation to update ahead-seeking statements to reflect subsequent happening activities or situation, or alterations in its expectations, except as may perhaps be needed by legislation. Whilst the Company believes that the expectations expressed in these ahead-seeking statements are sensible, it can not guarantee you that these types of expectations will turn out to be proper, and the Corporation cautions buyers that actual results may perhaps vary materially from the predicted final results and encourages traders to evaluation other aspects that may affect its potential success in the Company’s registration assertion and its other filings with the SEC.
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