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Jiuzi Holdings, Inc. Enter into strategic cooperation with leading Chinese auto dealer, Shuke

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Hangzhou, ChinaAnd the June 22 2022 /PRNewswire/ – Jiuzi Holdings, Inc. (NASDAQ: JZXN; “The Company”), a new energy vehicle franchisor and retailer under the trade name “Jiuzi” in China, today announced that it has entered into a strategic cooperation (the “Agreement”) with Zhejiang Shuke Automobile Service Co., Ltd. Ltd. (“Shuke”), a leading auto dealer in China. The cooperation will be carried out by Hangzhou Jiuyao New Energy Automobile Technology Co., Ltd. Ltd. (“Jiuyao”) newly established.

According to the agreement, Jiuyao is granted a non-exclusive right to participate in the sales of Shuke electric vehicles (EV) and Shuke’s auto transportation services business and financial products. Jiuyao plans to purchase 200 standard and custom models of Shuke EVs between 2022 and 2023. Shuke is willing to offer a financial credit limit of up to 100 million yuan to Jiuyao based on Jiuyao’s financing needs. Jiuyao will be able to sell Shuke’s EVs directly to end users on vehicle recall platforms such as T3 Mobility, Didi Chuxing, Huolala, Jiuzi Haoche and Zhongche Chuxing, among others, according to the agreement.

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depends on Zhejiang Provincial capital Hangzhou city, Shuke is primarily engaged in minibus rental, auto parts trading and service, electric vehicle sales and other auto-related after-sales services. Shuke’s core management team also has extensive experience in banking and microlending, Shuke has a connection to a network of professional financial and investment institutions, which acts as a service platform that connects online to offline services, with a focus on the nationwide automotive aftermarket sector, Based on the agreement.

Mr. Shuke Zhang, CEO of Jiuzi Holdings, Inc. commented: “We are pleased to announce a major collaboration with Shuke for our recently launched new energy vehicle purchasing platform Jiuyao. The Shuke brand, service network and distribution capability through automakers and trade companies have been well-recognised. Popular Cars. We anticipate fruitful returns from our collaboration with Shuke in the following year.”

About Zhejiang Shuke Automobile Service Co.Ltd.

Founded in 2020 with a registered capital of 10 million yuanShuke is primarily engaged in minibus rental, auto parts and services, electric vehicle sales and other auto-related after-sales services in the China. Shuke now operates in five cities including NingboJinhua, Taizhou, Huzhou, and Shanghai It plans to establish subsidiaries in four other cities in China during the year.

About Jiuzi Holdings, Inc.

Jiuzi Holdings, Inc. , based in Hangzhou, ChinaEstablished in 2017, franchises and operates retail stores under the “Jiuzi” brand name to sell New Energy Vehicles (“NEVs”) in tier four cities in China. The company mainly sells battery electric vehicles, and sources NEVs through more than two dozen electric vehicle manufacturers. It has 31 operating franchise stores and one company-owned store. For more information, visit the company’s website at http://www.zjjzxny.cn/.

forward-looking statements

All statements other than statements of historical facts contained in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and expectations about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs, including expectations that the offering will be successfully completed. Investors may identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “expect,” “intend,” “estimate,” “intend,” “plan,” “believe,” and “probable.” or “continue” or “likely / likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent 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 does not guarantee to you that such expectations will be correct, and the Company cautions investors that actual results may differ materially from the expected results and encourages investors to do so. Review other factors that may affect its future results in the company’s registration statement and in other filings with the Securities and Exchange Commission.

For more information, please contact:
Stephen Tong
E-mail: [email protected]
Tel: +86 139 0121 0656

SOURCE Jiuzi Holdings, Inc.

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