Jiuzi Holdings Inc. Holds Business Conference and Acquires Potential Franchisees

HANGZHOU, China, July 26, 2022 /PRNewswire/ — Jiuzi Holdings, Inc. (NASDAQ: JZXN; the “Company”), a leading New Energy Vehicle (NEV) dealership group under the “Jiuzi” brand in Chinaannounced today that it has successfully hosted a business conference (the “Conference”) at the Company’s headquarters in Hangzhou continue its ongoing efforts to expand its geographic presence through cooperation with other leading electric vehicle brands in China.

The conference was held in the presence of Kunshan Baoneng Auto Sales Co., Ltd. (“Kunshan Baoneng”), the subsidiary of Baoneng Auto Group Ltd. (“Baoneng Auto”), with which the Company signed a letter of intent (the “LOI”) signed in June to allow the Company to distribute Baoneng Auto’s “Youbaoli” brand electric cars in zhejiang province. This conference served as a follow-up co-marketing campaign by the two companies to attract potential franchisees to join JZXN, and gave Kunshan Baoneng the opportunity to introduce its new electric vehicle model as well as its brand. . At the end of the conference, eight prospective franchisees entered into the Franchise Letters of Intent (the “Franchise LOI”) with the Company, among which six prospective Franchisees paid the deposit to the Company immediately after execution of the franchising letter of intent.

“We are delighted to see that our new marketing strategy has proven successful,” said Mr. Shuibo Zhang, CEO of Jiuzi Holdings, Inc. “We are looking for collaboration with premium NEV start-ups, such as Baoneng and Aiways , to explore On the one hand, our competitive advantages in national distribution, state-of-the-art terminal sales management and supply chain management can help NEV start-ups rapidly expand terminals of retailing profitably through our established franchise On the other hand, with the help of the brand prestige of our car manufacturing partners, we can easily attract more and more decent potential franchisees. I think this win-win model could foster business synergies for both companies.

About Jiuzi Holdings, Inc.

Jiuzi Holdings, Inc., headquartered in Hangzhou, Chinaand established in 2017, franchises and operates retail stores under the “Jiuzi” brand to sell New Energy Vehicles (“NEV”) in third- and fourth-tier cities in China. The Company mainly sells battery electric vehicles and sources NEVs from more than twenty NEV manufacturers. It has 51 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 in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties. They are based on current expectations and projections regarding future events and financial trends that the Company believes could affect its financial condition, results of operations, business strategy and financial needs, including the expectation that the ‘Offer is carried out. Investors can identify these forward-looking statements by words or phrases such as “may”, “will”, “expect”, “anticipate”, “aim”, “estimate”, “has intention to”, “plans”, “believes”, “potential”, “continues”, “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent events, circumstances or changes in its expectations, except as required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that these expectations will prove to be correct. The Company cautions investors that actual results may differ materially from anticipated results and encourages investors to consider other factors that could affect its future results in the Company’s registration statement and other filings with the SEC. .

For more information please contact:

Stephen Tong
E-mail: [email protected]

SOURCE Jiuzi Holdings, Inc.

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