BEIJING, Dec. 16, 2021 /PRNewswire/ -- Akso Health Group
("Akso Health", the "Company" or "We") (NASDAQ: AHG), formerly
known as Xiaobai Maimai Inc., today announced that the Company will
update its name and ticker symbol on the Nasdaq Stock Market,
effective at the start of trading on December 16, 2021 (the "Effective Date").
On the Effective Date, the Company's ADS and ordinary shares
will be quoted under the new name "Akso Health Group" which was
previously approved by the Company's shareholders (the "Name
Change"), and the Company's ticker symbol will be updated to
"AHG".
Ms. Yilin Wang, Chairwoman and
Chief Executive Officer of Akso Health, commented, "We are excited
to align our Nasdaq ticker symbol AHG with our new name, Akso
Health Group, in recognition of our new business development as a
cancer therapy and radiotherapy oncology service provider. These
updates are a proactive measure, approved by the Board and our
shareholders, which we believe aligns with our core business
operations moving forward and will help investors better understand
our long term growth strategy and positioning in the US health
market."
About Akso Health Group
Akso Health Group (NASDAQ: AHG), formerly known as Xiaobai
Maimai Inc., operates a social e-commerce platform in China that collaborates with other domestic
e-commerce platforms and offers users a wide selection of
high-quality and affordable products. In addition, the Company
plans to develop a new business as a cancer therapy and
radiotherapy oncology service provider with operations in the U.S.
The Company plans to open 2 vaccine research centers and 100
radiation oncology centers to be located on the east coast serving
cancer patients in need of varying stages of treatment, including
specialized radiation therapy centers for radiotherapy (RT),
personalized consultation, conventional treatment planning, and
other cancer related treatment services.
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: risks related to our ability to obtain equipment,
technology, license and talents at satisfactory terms to start the
planned business, if at all; risks regarding the effect of the
COVID-19 pandemic on the Company and the Company's position in a
post-COVID-19 environment; risks related to the Company's ability
to adapt and make the necessary adjustments to compete and operate
effectively; risks related to decisions or changes in governmental
or private insurers' reimbursement levels for our radiotherapy
services or our ability to obtain reimbursement for our
radiotherapy services; risks related to increased competition and
the development of new competing services; the risk that we may be
unable to develop or achieve commercial success for radiotherapy
services in a timely manner, or at all; risks related to regulatory
requirements or enforcement in the United States and
changes in the structure of the healthcare system or healthcare
payment systems; risks related to our ability to successfully
integrate and derive benefits from any technologies that we license
or acquire; risks related to our projections about our business,
results of operations and financial condition; and risks related to
the potential market opportunity for our products and services.
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 more information, please visit ir.xiaobaimaimai.com
For investor inquiries, please contact:
The Company
Investor Relations
Ms. Zenabo Ma
Email: ir@xiaobaimaimai.com
Christensen
In China
Mr. Eric Yuan
Phone: +86-10- 5900-1548
E-mail: Eyuan@christensenir.com
In US
Mr. Tip Fleming
Phone: +1-917-412-3333
Email: tfleming@Christensenir.com
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SOURCE Akso Health Group