Nisun International cooperates with Yongxiang Logistics and establishes Liaogang Nisun to accelerate the development of intelligent supply chain for domestic trade and logistics


SHANGHAIOct. 4, 2021 / PRNewswire / – Nisun International Enterprise Development Group Co., Ltd. (“Nisun” or the “Company”) (Nasdaq: NISN), a provider of innovative end-to-end solutions through the integration of technology, industry, and finance, today announced a strategic collaboration with Yingkou Yongxiang Logistics (“Yongxiang Logistics”) to establish a joint venture, Liaogang Nisun (Yingkou) Supply Chain Management Co, Ltd. (“Liaogang Nisun”). Liaogang Nisun will provide all-in-one intelligent logistics services for domestic trade and is committed to creating the nation’s first intelligent supply chain supplier with full network and chain logistics capabilities. Under this agreement, the two parties will leverage their respective advantages to form an overlapping team to accelerate the integration and operations between supply chains and industry under the new Liaogang business segment. Nisun.

As a two-party formed “intelligent supply chain service provider”, Liaogang Nisun will benefit from Nisun’s strong supply chain system and Yongxiang Logistics’ mature domestic container transport services. At the same time, Liaogang Nisun will further strengthen its capacity and temper its team while relying on the geographical advantages of Bayuquan Domestic Trade Port in Yingkou City to increase logistics flow and increase cargo volume, adding a new value and extending the logistics of domestic trade services. Meanwhile, using the domestic trade network established in Yingkou City, Liaogang Nisun will start at Yingkou Port and use Dalian City as a comprehensive operations center to highlight the country’s inland trade ports, expand its multi-network coordination scope for inland commercial ports, and establish an integrated multimodal logistics system with a river transport system at its core.

“The launch of Liaogang Nisun marks a further expansion of our supply chain business. This new development constitutes an active response to the nation’s national and international traffic policy, building a new open model with mutual links between from China east and west, as well as land and sea, to promote coordinated development upstream and downstream of the industrial chain, while accelerating the implementation of intelligent internal trade and logistics ” , said Mr. Xiaoyun Huang, Chairman and CEO of Nisun. “Nisun will continue to promote the construction of a comprehensive three-dimensional transportation network that is both modern and of high quality.

“The construction of new multimodal projects in the city of Yingkou allows us to explore new ways to optimize transport structures, reduce logistics costs and improve the logistics of all domestic commercial containers. Liaogang Nisun will use Big Data, cloud computing, Internet of Things and other smart technologies to accelerate and implement digital and smart container logistics services, while strengthening the position of Bayuquan Domestic Commercial Port in domestic and global markets and improving domestic coastal and river container ports to achieve further inroads in domestic trade. will form an interregional integrated development paradigm, ”Huang concluded.

Situated in from China Liaoning Province, Yingkou City is one of the first open coastal cities in the country and is part of the National Pilot Free Trade Zone. The city has a comprehensive network of national transport and logistics centers. As one of the country’s central ports, Yingkou Port is an important shipping channel in North East Asia and transport hub for the national “Belt and Road” strategy. As the closest seaport to Northeast China and eastern Inner Mongolia, the largest freight port in Northeast China, and a central port of Liaodong Bay Economic Zone, Yingkou Port reached a throughput of 301.07 million tons in 2012, becoming the 9th largest port along from China rating. In Yingkou Port, the container achieved 4.8 million TEU (twenty-foot equivalent), and the combined sea-rail transport business volume ranks second in the country, behind Dalian Harbor.

“Using ports to prosper” has always been a key element in the development strategy of Yingkou City, Liaoning Province. At the same time, the ports have also become a central element of the city’s regional competition. In China, southern ports mainly trade mineral building materials, machinery and equipment, household appliances and other industrial products. Conversely, the northern ports of China mainly trade in grains, fertilizers and other products. Situated in from northeast China vast economic zone, the port of Yingkou has become a hub for from China domestic trade in containers, especially for the transport of goods to the south, as the surrounding areas have strong industrial and agricultural bases and regular trading activities. In addition, the great depth and calm waves in Bayuquan Inland Trade Port, the natural advantages of Yingkou Port make it a key deepwater port in the north. China.

Currently, China accelerates the construction of a new development paradigm where “domestic circulation is the pillar and the two circulations are mutually reinforcing”. Yingkou has received approval as a national port-type logistics center, providing Bayuquan District with the resources to become a key part of the national traffic strategy. In the future, port-type logistics hubs will play a strategic role in supporting local economic development and revitalization projects in the north-east, accelerating the planning and construction of national logistics hubs “channels + hubs + networks” , as the expansion of international cooperation and the integration into the new development paradigm of “two circulations” continues.

Yingkou is home to the majority of Yongxiang Logistics’ cargo ports. Integrating maritime logistics into its core business with various logistics methods, Yongxiang Logistics has continuously improved its existing operational channels, widened its logistics channels, introduced financial and technological innovations and crossed borders to provide extensive and high value-added services. quality to all upstream and downstream customers since 2016, gradually forming its own unique service model for services and management. At present, Yongxiang Logistics’ transportation business volume has reached the range of 20,000-30,000 TEUs per month, ranking among the top three in third-party logistics for domestic container coastal transportation. With an annual turnover of 800 million RMB In 2020, Yongxiang Logistics formed a commercial structure with multi-site networks and full port coverage which includes Yangtze River and Pearl River.

Over the years, building on its core strategy of “integrated supply chain”, Nisun has actively promoted the implementation of supply chain innovation technologies in the field of logistics and integrated its supply chain activity throughout the industrial chain. Through the integration of technology, industry and finance, Nisun will create a subdivision ecosystem for the benefit of all parties. In the future, Nisun will continue to promote the construction of a modern and high-quality three-dimensional transportation network. With its project with the city of Yingkou as the central starting point, Nisun will continue to explore new ways to optimize transport structures to reduce the logistics costs of enterprises and promote the development of the whole industry. logistics of domestic commercial containers.

About Nisun International Enterprise Development Group Co., Ltd

Nisun International Enterprise Development Group Co., Ltd. (NASDAQ: NISN) is a technology-driven, integrated supply chain solutions provider focused on transforming the corporate finance industry. Leveraging its rich industry experience, Nisun is dedicated to providing professional supply chain solutions to Chinese and foreign companies and financial institutions. Through its subsidiaries, Nisun provides users with professional solutions for technology supply chain management, technology asset routing, and digital transformation of technology and financial institutions, enabling the industry to grow and grow. develop. At the same time, Nisun continues to deepen the field of industry segmentation through industrial and financial integration, cultivating / creating an ecosystem of openness and empowerment. Nisun has built a linked platform that integrates supply chain, banking, securities, trust, insurance, funds, state-owned enterprises, among others. By focusing on industry-finance linkages, Nisun aims to serve the upstream and downstream of the industrial supply chain while helping to reform the sub-sector on the supply side. For more information, please visit http://ir.nisun-nasdaq.com/index.html.

Caution Regarding Forward-Looking Statements

This press release contains information about Nisun’s views on its future expectations, plans and prospects that constitute forward-looking statements. Actual results may differ materially from historical results or those indicated by such forward-looking statements due to various factors, including, but not limited to, risks and uncertainties associated with its ability to raise additional funds, its ability to maintain and grow its activity, the variability of operating results, its ability to maintain and improve its brand, its development and the introduction of new products and services, the successful integration of companies, technologies and assets acquired in its product and service portfolio, marketing and other business development initiatives, competition in the industry, general government regulations, economic conditions, dependence on key personnel, the ability to attract, d ” hire and retain staff with the technical skills and experience necessary to meet the requirements of its customers, and has the ability to protect its intellectual property. Nisun encourages you to consider other factors that may affect its future results in Nisun’s registration statement and in its other documents filed with the Securities and Exchange Commission. Nisun assumes no obligation to update or revise its forward-looking statements as a result of new information, future events or otherwise, except as expressly required by applicable law.

Contacts

Nisun International Enterprise Development Group Co., Ltd
Investor Relations
Phone. : +86 (21) 2357-0055
Email: [email protected]

ICR, LLC
Phone. : +1 203 682 8233
Email: [email protected]

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