NEW YORK--(BUSINESS WIRE)--China Lending Corporation (NASDAQ: CLDC; CLDCW) (“China Lending” or the “Company”), a leading non-bank direct lending corporation servicing micro, small and medium sized enterprises, currently underserved by commercial banks in China, announced today that members of the Company’s executive team and board of directors will ring The NASDAQ Stock Market Opening Bell on Friday, July 22, 2016.
Jingping Li, Co-Founder & CEO of China Lending, stated, "Our listing on the NASDAQ Capital Market is an important milestone for China Lending, and we are honored to ring the Opening Bell. We are very proud of this important achievement as China Lending has become the first U.S. publicly listed finance company in Xinjiang Province and western China focused on the financing needs of micro, small and medium sized enterprises and entrepreneurs based on rigorous lending criteria. We have come a long way since our founding in 2009. Today, China Lending is one of the largest direct lending companies in the Xinjiang Province in terms of registered capital and ranked among the top direct lending companies nationwide in term of registered capital and aggregate loan balance. At March 31, 2016, China Lending’s registered capital was approximately $95 million, 9.4 times the average level of registered capital of direct lending companies in Xinjiang Province and 6.4 times the average level of registered capital of direct lending companies nationwide.”
In addition to being broadcast on national business television at 9:30 a.m. ET, the bell-ringing ceremony will be webcast live on NASDAQ's website and on the NASDAQ MarketSite® Tower in New York City's Times Square. Interested parties can go to https://new.livestream.com/nasdaq/live beginning at 9:20 a.m. ET to view the opening bell ceremony. Viewers must have Windows Media Player to view the web cam.
About China Lending
Founded in 2009, China Lending is a non-bank direct lending corporation and provides services to micro, small and medium sized enterprises, farmers, and individuals, who are currently underserved by commercial banks in China. Headquartered in Urumqi, the capital of Xinjiang Autonomous Region, with a registered capital of $94.7 million as of March 31, 2016, China Lending is one of the largest direct lending companies in the region in terms of registered capital.
Forward-Looking Statements
This press release may include forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that China Lending expects or anticipates will or may occur in the future are forward-looking statements and are identified with, but not limited to, words such as “may,” “believe” and “expect.” These statements are based on certain assumptions and analyses made by China Lending in light of its experience and its perception of historical trends, current conditions and expected future developments as well as other factors it believes are appropriate in the circumstances. Actual results may differ materially from those expressed herein due to many factors such as, but not limited to, (1) the ability to obtain or maintain the listing of the Company’s securities on the NASDAQ Capital Market following the business combination; (2) the risk that the business combination disrupts the Company’s current plans and operations; (3) the ability to recognize the anticipated benefits of the business combination, which may be affected by, among other things, closing proceeds, competition and the ability of the business to grow and manage growth profitably; (4) the outcome of any legal proceedings that may be instituted against DT Asia or Adrie following the closing of the business combination; (5) changes in applicable laws or regulations; (6) the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors; and (7) other risks and uncertainties indicated from time to time in the proxy statement filed by the Company in connection with the business combination, including those under “Risk Factors” therein, and other factors identified in the Company’s prior and future filings with the SEC, available at www.sec.gov.
These forward-looking statements are based on information available as of the date of this press release and involve a number of judgments, risks and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date and the Company undertakes no obligation to update any forward-looking statements contained herein to reflect events or circumstances which arise after the date of this press release, whether as a result of new information, future events or otherwise, except as may be required under applicable securities law.