BEIJING and NEW YORK, Aug. 2,
2017 /PRNewswire/ -- Wins Finance Holdings Inc. ("Wins
Finance" or the "Company") (NASDAQ: WINS), a diversified investment
and asset management company that provides integrated financing
solutions to small and medium enterprises ("SMEs") in China, today announced that Spectacular Bid
Limited, a wholly owned subsidiary of Freeman FinTech Corporation
Limited ("Freeman"), a company listed on the Hong Kong Stock
Exchange, has acquired approximately 67% of the Company's
outstanding shares from Appelo Ltd. and Wits Global Ltd., each an
entity controlled by Mr. Wang Hong
(collectively, the "Sellers"). As the Company previously disclosed
would take place, at the closing, Haiming
Guo, Guo Chen and
Jingxiao Zhang resigned from the
Board of Directors and Xiaofeng
Zhong, Shihai Wang and
Weiqi Chen were appointed to the
Board of Directors.
As previously reported, on December 13,
2016, the Sellers entered into an agreement to transfer all
of the ordinary shares of Wins Finance owned by them (an aggregate
of 13,440,000 ordinary shares (approximately 67% of the Company's
outstanding ordinary shares)) to Freeman. In connection with the
transaction, the Seller transferred
certain rights in a registration rights agreement to
Freeman.
About Wins Finance
Wins Finance is a diversified investment and asset management
company listed on NASDAQ. The Company is focused on identifying
value accretive investment opportunities and assets in China and the United
States that can be enhanced through the strategic
involvement of Wins' established management team and its
familiarity with the Chinese investment community to help generate
long-term value for shareholders. Wins Finance is well positioned
to leverage its expertise and existing operations in China to build a comprehensive platform for
the provision of lending and other financing solutions to the
under-served small and medium enterprise segment. For more
information, please visit www.winsholdings.com.
Forward Looking Statements
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 are described in the Company's Annual Report
on Form 20-F for the year ended June 30,
2016 and in the Company's other 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.
Company Contacts:
Wins Finance Holdings Inc.
641 Lexington Ave, 29th FL
New York, NY 10022
Tel: 212-488-4974
E-mail: info@winsholdings.com
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SOURCE Wins Finance Holdings Inc.