X Financial Files Annual Report on Form 20-F for Fiscal Year 2019

SHENZHEN, China, June 5, 2020 /PRNewswire/ — X Financial (NYSE: XYF) (the “Company” or “we”), a leading technology-driven personal finance company in China, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2019 with the Securities and Exchange Commission (“SEC”) on June 4, 2020. The annual report can be accessed on the Company’s investor relations website at http://ir.xiaoyinggroup.com as well as the SEC’s website at http://www.sec.gov.

The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders upon request. Requests should be directed to the Company’s IR Department at ir@xiaoying.com.

About X Financial

X Financial (NYSE: XYF) (the “Company”) is a leading technology-driven personal finance company in China focused on meeting the huge demand for credit from individuals and small-to-medium-sized enterprise owners. The Company’s proprietary big data-driven risk control system, WinSAFE, builds risk profiles of prospective borrowers using a variety data-driven credit assessment methodology to accurately evaluate a borrower’s value, payment capability, payment attitude and overall creditworthiness. X Financial has established a strategic partnership with ZhongAn Online P&C Insurance Co., Ltd. in multiple areas of its business operations to directly complement its cutting-edge risk management and credit assessment capabilities. ZhongAn Online P&C Insurance Co., Ltd. provides credit insurance on X Financial’s investment products which significantly enhances investor confidence and allows the Company to attract a diversified and low-cost funding base from individuals, enterprises and financial institutions to support its growth. X Financial leverages financial technology to provide convenient, efficient, and secure investment services to a wide range of high-quality borrowers and mass affluent investors which complements traditional financial institutions and helps to promote the development of inclusive finance in China.

For more information, please visit: http://ir.xiaoyinggroup.com.

For more information, please contact:

X Financial
Mr. Kevin Zhang
E-mail: ir@xiaoying.com


In China
Mr. Christian Arnell
Phone: +86-10-5900-1548
E-mail: carnell@christensenir.com

In US 
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: lbergkamp@christensenir.com

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Dr. Kiran Mazumdar-Shaw from India named EY World Entrepreneur Of The Year™ 2020

LONDON, June 5, 2020 /PRNewswire/ — Dr. Kiran Mazumdar-Shaw, Executive Chairperson of India-based Biocon Limited, was this evening named EY World Entrepreneur Of The Year™ 2020 at a ground-breaking, virtual award ceremony. Kiran was picked from among 46 award winners from 41 countries and territories vying for the world title. In the award’s 20-year history, Kiran becomes the third EY World Entrepreneur Of The Year Award winner from India. She follows former Indian world title winners Uday Kotak of Kotak Mahindra Bank (2014) and Narayana Murthy of Infosys Technologies Limited (2005). She also becomes the second woman to hold the title, following Olivia Lum of Hyflux Limited from Singapore in 2011.

Kiran, 67, founded Biocon, a bio-enzymes company, in 1978 with just two employees and US$500. Since its inception, Biocon has grown to employ more than 11,000 people and become one of the strongest innovation-driven biotechnology companies in Asia with revenues of US$800m for FY19. Biocon and its subsidiaries are making a lasting impact on global health care. Millions of people living with diabetes now have access to affordable insulin, while millions more who are battling cancer, rheumatoid arthritis and other debilitating diseases now have access to affordable biosimilars.

Manny Stul, Chairman and Co-CEO of Moose Toys and Chair of the EY World Entrepreneur Of The Year judging panel, says:

“Kiran is an inspirational entrepreneur who demonstrates that determination, perseverance and a willingness to innovate can create long-term value. The judging panel were impressed by her ability to build and sustain growth over the past 30 years and by her integrity and passion for philanthropy that has delivered huge global impact. She has built India’s largest biopharmaceutical company on a foundation of compassionate capitalism and putting patient needs before profits.”

Dr. Kiran Mazumdar-Shaw, Executive Chairperson of Biocon Limited, says:

“At its core, entrepreneurship is about solving problems. The greatest opportunities often arise at the toughest times, and that’s been my experience throughout my entrepreneurial journey. My business focus is global health care and the provision of universal access to life saving medicine; however, my responsibility as an entrepreneur is greater than simply delivering value to shareholders. Wealth creation can be a catalyst for change, and all entrepreneurs have a responsibility to the world around them and the communities in which they operate. Women also play a hugely important role in economic development, and for too long their contribution has been ignored. It’s important that we use the platform of EY World Entrepreneur Of The Year to encourage more women to participate in entrepreneurial pursuits. I’m truly honored to receive this prestigious award.”

Carmine Di Sibio, EY Global Chairman and CEO, says:

“Entrepreneurs are the unstoppable visionaries who inspire innovation and fuel growth and prosperity by building remarkable companies and services. Kiran’s passion to develop low-cost, cutting-edge pharmaceutical alternatives has brought affordable health care to patient communities all around the world. Her drive to innovate has created huge growth for Biocon Limited and helped diversify the company’s portfolio of therapies for chronic diseases. Kiran is a truly inspiring EY World Entrepreneur Of The Year winner.”

Stasia Mitchell, EY Global Entrepreneurship Leader, says:

“With an exceptional record in creating long-term value, Kiran’s clear vision of making a difference to the lives of millions of people around the world make her a worthy EY World Entrepreneur Of The Year winner. Her impact on improving global health access and affordability will endure for decades to come. She is a beacon for other entrepreneurs to follow.”

About Dr. Kiran Mazumdar-Shaw, Executive Chairperson of Biocon Limited

A first-generation entrepreneur, Kiran graduated as a Master Brewer from a brewing school in Australia and returned to her native India in 1975 to find work as a brew master. After two years of unsuccessfully trying to overcome the hurdles of entering a male-dominated brewing industry, Kiran started Biocon Limited, producing bio-industrial enzymes in the garage of her rented house in Bengaluru, India. A year later, Biocon became the first Indian company to export enzymes to the US and Europe.

Now, Biocon and its subsidiaries are the pioneers in areas less frequented by Indian pharmaceuticals companies, including fermentation-based small molecules, human insulin and insulin analogs, biosimilars for key antibody drugs, novel therapies, and high-end contract research services. With customers in over 120 countries, the company is a world leader in biosimilars and APIs for statins, immunosuppressants and other specialty molecules. In 2014, Biocon was India’s first biotech company to go public and only the second Indian company to pass the US$1b mark on its first day of listing. The company’s market capitalization is currently over US$4b.

Biocon is also leading the way on universal access to affordable life-saving medicine. For example, in September 2019, the company announced that it would supply rh-insulin at less than US$0.10 per day (for the average 40 units of insulin required per patient per day) to low- and middle-income countries — less than a third of current rh-insulin prices. The company has supplied more than 2 billion affordable doses of biosimilar insulins to patients globally in the last 15 years.

Compassionate capitalism that addresses inequality is at the center of Kiran’s business and leadership philosophy. Founded in 2004, the Biocon Foundation provides basic health care, sanitation and early diagnosis and treatment of common cancers and non-communicable diseases to marginalized communities. Kiran has also been an angel investor for numerous successful health care startups in areas such as affordable breast cancer screening, chemotherapy determination, and low-cost warming devices for premature and low-birth-weight babies. The Mazumdar Shaw Center for Translational Research, a nonprofit research institute established by Kiran and dedicated to developing scientific breakthroughs for treating a wide range of human diseases, has also developed several advanced yet affordable cancer diagnostics. In 2016, Kiran signed The Giving Pledge, committing 75% of her wealth to philanthropy and giving back.

About the judging panel

The independent judging panel was chaired by Manny Stul, Chairman and Co-CEO of Moose Toys and EY World Entrepreneur Of The Year 2016 winner. Joining him were:

  • Rosaleen Blair, CBE, Founder and Chair of Alexander Mann Solutions
  • George Hongchoy, Executive Director and CEO of Link Asset Management Limited
  • Hernan Kazah, Co-Founder and Managing Partner of Kaszek Ventures
  • Sipho Nkosi, Chairman of Sasol
  • Emine Sabancı Kamışlı, Co-Founder and Vice Chairperson of Esas Holding

Broadcast coverage and high-resolution content are available here for download for broadcast and online use.

Notes to Editors

About EY

EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation is available via ey.com/privacy. For more information about our organization, please visit ey.com.

This news release has been issued by EYGM Limited, a member of the global EY organization that also does not provide any services to clients.

About EY Entrepreneur Of The Year™

EY Entrepreneur Of The Year™ is the world’s most prestigious business awards program for unstoppable entrepreneurs. These visionary leaders deliver innovation, growth and prosperity that transform our world. The program engages entrepreneurs with insights and experiences that foster growth. It connects them with their peers to strengthen entrepreneurship around the world. EY Entrepreneur Of The Year is the first and only truly global awards program of its kind. It celebrates entrepreneurs through regional and national awards programs in more than 145 cities in over 60 countries. Winners go on to compete for the EY World Entrepreneur Of The Year™ title. ey.com/eoy.

Alan Duerden

Yvonne Diaz

EY Global Media Relations

EY Global Media Relations

+44 (0) 7392 106 100

+44 (0) 7990 560 615





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Acorn International Files 2019 Annual Report on Form 20-F

SHANGHAI, June 5, 2020 /PRNewswire/ — Acorn International, Inc. (NYSE: ATV) (“Acorn” or the “Company”) today announced that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2019 with the Securities and Exchange Commission on June 3, 2020.  The annual report can be accessed on the Company’s investor relations website at http://www.acorninternationalgroup.com.

Acorn will provide a hard copy of its annual report for the fiscal year ended December 31, 2019, free of charge, to its shareholders and ADS holders upon request. Requests should be directed to the Company’s IR representatives, or in writing to Acorn International, Inc., 5/F, YueShang Plaza, 1 South Wuning Road, Shanghai 200042, People’s Republic of China.

About Acorn International, Inc.

Acorn International is a leading marketing and branding company in China, leveraging a twenty-year direct marketing history to monetize brand IP, content creation and distribution, and product sales, through digital media in China. For more information visit www.acorninternationalgroup.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

This news release contains forward-looking statements. These statements constitute “forward-looking” statements within the meaning of 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 “anticipates,” “believes,” “estimates,” “expects,” “future,” “going forward,” “intends,” “outlook,” “plans,” “target,” “will,” “potential,” and similar statements. Such statements are based on current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties, and other factors, all of which are difficult to predict and many of which are beyond Acorn’s control, including the extent and duration of the adverse impact of COVID-19, which may cause actual results, performance, actions, or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties, or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events, or otherwise, except as required by law.

Investor Contacts:


Compass Investor Relations    
Ms. Elaine Ketchmere, CFA    
Phone: +1-310-528-3031 
Email: Eketchmere@compass-ir.com

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Weidai Ltd. Files 2019 Annual Report on Form 20-F

HANGZHOU, China, June 4, 2020 /PRNewswire/ — Weidai Ltd. (“Weidai” or the “Company”) (NYSE: WEI), a leading auto-backed financing solution provider in China, today announced that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2019 (the “Annual Report) with the Securities and Exchange Commission (the “SEC”) on June 4, 2020.

The Annual Report can be accessed on the SEC’s website at http://www.sec.gov and on the Company’s investor relations website at http://weidai.investorroom.com/.The Company will provide a hard copy of its Annual Report containing the audited consolidated financial statements , free of charge, to its shareholders and ADS holders upon request. Requests should be directed to investor relations department, No. 9 Baiyun Road, Shangcheng District, Hangzhou, Zhejiang Province, the People’s Republic of China.

About Weidai Ltd.

Weidai Ltd. is a pioneer and leading auto-backed financing solution provider in China supported by sophisticated and effective risk management system and technology. The Company transforms used automobiles, a type of “non-standard” collateral, into investable assets, to provide accessible credit for China’s small and micro enterprises, and connects the borrowers with institutional funding partners through its platform.

For more information, please visit http://weidai.investorroom.com/.

For investor and media inquiries, please contact:

In China:
Mr. Christian Arnell
Tel: +86-10-5900-1548
E-mail: carnell@christensenir.com

In US:
Ms. Linda Bergkamp
Tel: +1-480-614-3004
E-mail: lbergkamp@christensenir.com

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CouponBirds Data Reveals User Behavior Change During Epidemic

BEIJING, June 4, 2020 /PRNewswire/ — The speed and range of epidemic spreading strongly influence user behavior. CouponBirds latest data analysis shows that online users’ behavior has changed a lot in the past few months as COVID-19 became a pandemic, including devices, purchasing power, and country distribution.

Due to the impact of the epidemic, daily internet usage time increases, and outdoor activities drop a lot. Mobile devices are more dominating when people spend more time at home. CouponBirds May 2020 data shows that mobile device coverage increased to 62.79% from 53.38%.

As to consumers’ performance during the outbreak, it can be seen that the purchasing power and transaction volume show different trends when it comes to different kinds of products. CouponBirds data analysis team noticed that the demand for games, bicycles, and online education had been particularly increased. As stay-at-home time becomes longer and the shipping services are restricted during the epidemic, people are more likely to shell out money for easy entertainment like board games, puzzles, and video games. Furthermore, people tend to snap up new bicycles or dust off decades-old bikes to stay fit, keep their sanity, or have a safe alternative to public transportation. The third thriving business is online learning resources, which is a great choice for people who are studying, teaching, or working remotely in this uncertain environment.

CouponBirds data also shows the percentage of users by country was different during the epidemic. Users from the US, UK, Canada, and Australia increased by 15.07%, 14.02%, 27.49%, and 16.91% respectively.

The pandemic has big impacts on both customers and merchants. It is even harder to make the transaction happen when people’s income is shrinking. CouponBirds invests a lot to discover as many valid coupons as possible, which is the best way to help customers save and at the same time help merchants sell their products.

Like some charities are helping feed families during the coronavirus outbreak, CouponBirds is doing what we can to give back to the community. CouponBirds Seedling Project was born during the outbreaks to help people in another way, and it is a great fundraising platform for non-profit organizations”, said Sherry Zhao, marketing director of CouponBirds, “We are working hard to make CouponBirds one of the best communities to help more people”.

About CouponBirds

CouponBirds is a leading coupon platform in terms of brand coverage, coupon accuracy, and coupon richness. It has been providing free and fresh coupon codes since 2012. With the biggest coupon operation team in the world and continuous engineering efforts input, CouponBirds is the top choice for customers looking for coupons and deals.

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Airwallex Helps Merchants Expand into Asian Marketplace with New Wechat Pay Solution

Airwallex’s new offering provides merchants access to over 800 million Chinese consumers on WeChat Pay, one of the world’s largest and most active communities of shoppers

MELBOURNE, Australia, June 4, 2020 /PRNewswire/ — Global fintech leader Airwallex has launched a new payment acceptance service in Australia, Hong Kong and Singapore with WeChat Pay, allowing merchants to add WeChat Pay as an additional payment option on their e-commerce platform. The new offering will provide merchants global access to over 800 million Chinese consumers on WeChat Pay, enabling them to tap into a key Asian marketplace of active shoppers. 

WeChat is one of the largest social media platforms in the world with 1.2 billion monthly active users, and its pay function (WeChat Pay) allows its users to seamlessly make payments in their local currency for their purchases. WeChat Pay handles over one billion transactions globally daily, demonstrating the regular spending habits of its users. 

Airwallex’s WeChat Pay solution is designed to ensure smooth and fast flows of funds from buyers to the merchants. Payments made by the buyers in Chinese Yuan or Hong Kong Dollar (for Hong Kong users) are received by Airwallex and converted to the merchants’ currency of choice within two business days. 

On the Airwallex platform, merchants can view, track and manage their WeChat Pay transactions, download settlement reports, as well as issue refunds to deliver a seamless customer experience. Airwallex is currently working on additional features such as a data analytics tool which will provide important business insights on WeChat Pay payments to help merchants tailor their strategies, and boost their sales. 

Now available in Australia, Singapore and Hong Kong, the new WeChat payment acceptance solution is a significant addition to the Airwallex product suite as the Group continues to build an end-to-end financial services product for digital businesses. With card payment acceptance also arriving this year, starting in Hong Kong, Airwallex’s customers will soon have multiple convenient methods to accept payments from anywhere in the world.

Dave Stein, Airwallex’s Head of Corporate Development in Australia said, “We have seen e-commerce thrive during these unprecedented times. We believe this transition is here to stay even after the global lockdown ends, life normalises and shops reopen. As more merchants transition online, they require a wide range of payment acceptance options to remain relevant to different payment preferences around the world. With our new WeChat Pay solution, we are enabling merchants to adapt in today’s climate and also helping them open the doors to one of the largest and most active consumer markets in this world.” 

“Adding a payment acceptance solution to the Airwallex product portfolio is an important next step to enhancing our end-to-end financial services solutions. We are now perfectly positioned to improve the way businesses collect online payments and ensure that the process is as fast, secure and seamless as possible,” Stein continued.

Today’s announcement is a major milestone in Airwallex and WeChat Pay’s partnership. The two companies first collaborated in 2017 to integrate Airwallex’s high-speed, low-cost FX and payment capabilities with WeChat to lower costs on international transactions and increase the speed of settlements.


About Airwallex

Airwallex was founded in Melbourne, Australia in 2015 with a simple goal – to push the boundaries of global financial services capabilities in an increasingly borderless world. Airwallex has since secured over  $360 million USD in external funding, supported by top-tier investors including Tencent, Sequoia Capital China, DST Global, Hillhouse Capital, Horizons Ventures, ANZi Ventures, Square Peg Capital, Gobi Partners and Salesforce Ventures. The company’s core strength lies in its proprietary tech-driven infrastructure to enable low-cost, high-speed and transparent international collections and payments (accessible via API), its business account and borderless card which helps businesses grow both domestically and internationally. Airwallex has grown to over 420 employees across 10 international offices (Melbourne, Hong Kong, Shanghai, Shenzhen, Beijing, Singapore, London, San Francisco, Tokyo, and Bangalore). www.airwallex.com

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MACROKIOSK's Founders , From Left ; Dato' Henry Goh, Dato' Kenny Goh and Mr. CS Goh

Goh Brothers Acquire 100% of MACROKIOSK Group

  • Founders to acquire the remaining equities of MACROKIOSK from Japan’s GMO Internet Group’s unit, GMO Payment Gateway Inc (GMO-PG)
  • Set to boost profitability and Asian Market expansion further while remaining agile and focused on delivering real value to clients
  • Record-breaking revenue expected in 2020
  • Move marks the 20th Anniversary of MACROKIOSK

KUALA LUMPUR, Malaysia, June 4, 2020 /PRNewswire/ — MACROKIOSK, a leading digital technology company in Asia, marks a significant milestone today as its Founders completed the acquisition of the remaining equities of MACROKIOSK not already owned by the Founders from Japan’s GMO Internet Group’s unit, GMO Payment Gateway Inc (GMO-PG), for an undisclosed sum. Through the acquisition, the Founders, namely Dato’ Kenny Goh, Dato’ Henry Goh and Mr. C.S. Goh, obtain full ownership and control of MACROKIOSK Group.

MACROKIOSK's Founders , From Left ; Dato' Henry Goh, Dato' Kenny Goh and Mr. CS Goh
MACROKIOSK’s Founders , From Left ; Dato’ Henry Goh, Dato’ Kenny Goh and Mr. CS Goh

“We are extremely excited by the future of MACROKIOSK. This acquisition is only natural because we have always believed in MACROKIOSK wholly, whether in terms of its financial performance, growth potential or strong business acumen. With full control of MACROKIOSK Group, we begin a new chapter. We will rev up efforts to aggressively maintain our revenue growth trajectory and boost profitability while remaining agile and focused on delivering real value to our clients,” says C.S. Goh, Co-Founder.

Its recent rankings in the Financial Times High-Growth Companies Asia-Pacific 2020 and Statista Malaysia’s Growth Champion 2020 reinforce MACROKIOSK’s position as one of the fastest-growing companies in Malaysia and the Asia Pacific.

Since its inception in the year 2000, MACROKIOSK has recorded strong year-over-year growth with record revenue of RM253 million in 2019. Despite the challenging economic outlook, MACROKIOSK remains profitable and debt-free and is on track to achieve record-breaking revenue in 2020 as it remains committed to playing a pivotal role accelerating the region’s digital economy and global digital marketplace.

“The acquisition will accelerate MACROKIOSK’s presence in the Asian market. Our upcoming expansion roadmap will cover more Asian countries while assisting our diverse customers in embracing the digital economy quickly via our BOLD. solutions. Moreover, as digital technologies are adopted across sectors, we see great opportunities in empowering even more businesses and individuals with scalable digital solutions as-a-service as we embrace the digital economy together,” says Dato’ Henry Goh, Co-Founder.

MACROKIOSK is headquartered in Asia with a local presence in 14 countries and regions across Asia and beyond, and is supported by a 250-strong team of multinational employees group-wide.

“MACROKIOSK had enjoyed an excellent relationship with GMO, and we are thankful for their guidance and support over the last few years. They have been incredibly supportive of our vision in bringing MACROKIOSK to greater heights in the hands of the Founders. We will now grow bigger and stronger in all merits,” says Dato’ Kenny Goh, Co-Founder.

The acquisition comes in conjunction with the 20th anniversary of MACROKIOSK. Growing from strength to strength, MACROKIOSK is recognised both locally and internationally for its world-class proprietary digital technology platform-as-a-service, which is developed in-house to offer innovative digital solutions that are scalable, secure and highly adaptable.


MACROKIOSK is Asia’s leading digital technology company with a strong global presence. Since 2000, MACROKIOSK has been at the forefront of helping individuals and businesses embrace the digital economy through the delivery of Digitalisation Platform-as-a-Service (DPaaS) solutions.

To date, more than 3000 businesses in 37 countries spanning 24 industries and millions of users experience MACROKIOSK’s scalable, secure and highly-adaptable digital solutions developed in-house. MACROKIOSK is certified to international standards including the Microsoft.NET, PMP certification and ISO27001 ISMS.

For more information, please visit www.macrokiosk.com.

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China Jo-Jo Drugstores Announces the Closing of $10 Million Registered Direct Offering

HANGZHOU, China, June 4, 2020 /PRNewswire/ — China Jo-Jo Drugstores, Inc. (NASDAQ CM: CJJD) (the “Company” or “China Jo-Jo“), a leading online and offline retailer, wholesale distributor of pharmaceutical and other healthcare products and healthcare provider in China, today announced that it closed its previously announced registered direct offering with certain institutional investors for an aggregate of 5,000,004 shares of the common stock, at a purchase price of $2.00 per share, for aggregate gross proceeds of approximately $10 million to the Company. In a concurrent private placement, the Company issued to the same investors unregistered warrants to purchase up to an aggregate of 3,750,003 shares of the common stock at an exercise price of $2.60 per share. The warrants shall be exercisable six months following issuance and expire five and one-half years from the issuance date.

The Company received net proceeds from the offering in the amount of approximately $9.24 million, after deducting the placement agent fees and the estimated offering expenses payable by the Company.

H.C. Wainwright & Co., LLC acted as exclusive placement agent for the offering.

The shares of common stock described above (but not the warrants or the shares of common stock underlying the warrants) were offered pursuant to a “shelf” registration statement on Form S-3 (File No. 333-230686), which was declared effective by the United States Securities and Exchange Commission (the “SEC”) on April 10, 2019. The shares of common stock were offered only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement. Copies of the final prospectus supplement and the accompanying prospectus relating to the registered direct offering may be obtained at the SEC’s website at http://www.sec.gov. Electronic copies of the prospectus supplement and accompanying prospectus relating to the registered direct offering may also be obtained by contacting H.C. Wainwright & Co., LLC at 430 Park Avenue, 3rd Floor, New York, NY 10022, by phone (646) 975-6996 or e-mail placements@hcwco.com.

The warrants described above were offered in a private placement pursuant to an applicable exemption from the registration requirements of the Securities Act of 1933, as amended (the “Act”), and, along with the shares of common stock issuable upon their exercise, have not been registered under the Act, and may not be offered or sold in the United States absent registration with the SEC or an applicable exemption from such registration requirements.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.

About China Jo-Jo Drugstores, Inc.

China Jo-Jo Drugstores, Inc. (“Jo-Jo Drugstores” or the “Company”), is a leading online and offline retailer and wholesale distributor of pharmaceutical and other healthcare products and a provider of healthcare services in China. Jo-Jo Drugstores currently operates an online pharmacy and retail drugstores with licensed doctors on site for consultation, examination and treatment of common ailments at scheduled hours. It is also a wholesale distributor of products similar to those carried in its pharmacies. In addition, Jo-Jo Drugstores cultivates herbs used for traditional Chinese medicine. For more information about the Company, please visit http://jiuzhou360.com. The Company routinely posts important information on its website.

Forward Looking Statement

This press release contains information about the Company’s view of its future expectations, plans and prospects that constitute forward-looking statements, such as: statements regarding the registered direct offering of the company’s shares of common stock, including as to the intended use of proceeds. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, market and other conditions, risks and uncertainties associated with its ability to raise additional funding, its ability to maintain and grow its business, variability of operating results, its ability to maintain and enhance its brand, its development and introduction of new products and services, the successful integration of acquired companies, technologies and assets into its portfolio of products and services, marketing and other business development initiatives, competition in the industry, general government regulation, economic conditions, dependence on key personnel, the ability to attract, hire and retain personnel who possess the technical skills and experience necessary to meet the requirements of its clients, and its ability to protect its intellectual property. The Company’s encourages you to review other factors that may affect its future results in the Company’s annual reports and in its other filings with the Securities and Exchange Commission.

Company Contact:

Frank Zhao
Chief Financial Officer

Steve Liu
Investor Relations Director

Investor Relations Contact:

Tina Xiao
Ascent Investor Relations LLC

HubMiner Inc. Announces the Launch of World First Advance Direct Liquid Cooling Miner: Enhanced Performance and Productivity

TEL AVIV, Israel, June 3, 2020 /PRNewswire/ — Hubminer Inc. (www.Hubminer.com) is strongly emerging as a game-changing discovery in the rapidly evolving global cryptocurrency market. The company recently announced its arrival with four cryptocurrency mining rigs, each offering hash rates that are unheard of in the industry. The four products from Hubminer Inc. can be used for mining Bitcoin, Litecoin, Ethereum, Monero, Dash, and Zcash. The earliest customers of the company have already started to receive the first set of miner shipped out already.

Driven in part by recent speculation around Bitcoin’s third halving, the current macroeconomic environment, and as more sophisticated investors enter a maturing market, According to the data released by TokenInsight, last quarter, total derivatives market trading volume on Huobi Futures reached $438 billion, accounting for 22% of the total market trading volume. While institutional traders were major contributors to the recent growth, there was also a substantial uptick in activity from retail traders.

“The last few quarters have been particularly exciting for the crypto derivatives market, but I’m more excited that the increased activity we’re seeing today may be a catalyst for widespread crypto adoption,” said Ciara. “Rising demand for crypto derivatives from both institutional and retail user bases signifies growing acceptance of digital assets and a maturing market.”

Hubminer Inc. is constantly innovating to bring new, improved mining equipment to the market. Currently, the company’s offering consists of HubMiner’s range of mining rigs. They are multi-cryptocurrency mining platforms that support operations on Bitcoin, Litecoin, Ethereum and Dash blockchains. There are currently four different products on offer – F-X8, F-X16, F-X32 and F-X16 x2, all capable of supporting profitable operations on the blockchain of choice.

Delivery Fee and Custom Fee will be covered by HubMiner Inc., the customer only pays for the unit and receives everything needed for setup without any hidden fees. “Consumers now know our competitors are beat. They can’t reach our power, and our extremely low power costs. We have huge mining power. It’s the best investment on the market,” said Richard McDermott, Operational Director, COO, HubMiner Inc. “We have strived to give customers the first-rate possible investment in the market.”

About HubMiner Inc.

Founded in 2017, HubMiner, described as the world’s first dual-miner company, was established to develop and sell the world’s first leading dual cryptocurrency miners using SHA-256 or Scrypt technology. Starting with the HubMiner, our task was to provide more power at lower costs. HubMiner is headquartered in Tel Aviv, Israel, with offices around the globe. For more information, see www.hubminer.com.

Robin Silva

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Companies can Now Sign Legally Binding Documents on Live Video Calls

AUCKLAND, New Zealand, June 3, 2020 /PRNewswire/ — A new live video signing feature protects companies against fraud and contract disputes while maintaining social distancing.

Secured Signing’s Video Signing all-in-one platform

Secured Signing, one the world’s most trusted digital signature providers, today launched live Video Signing. This gives companies the power to sign legally binding documents on a video call.

Mike Eyal, the Managing Director of Secured Signing, said data showed companies were shifting more of their work online due to COVID-19. This shift has been driven by many countries updating their electronic signatures acts to allow documents to be signed and witnessed over video calls.     

“What we are now seeing is that COVID-19 is changing everything about how most businesses operate. There is a sharp rise in remote work, and companies are no longer able to meet in person to witness and sign contracts. With Secured Signing Video Signing, the entire signing process takes place on a live video call.”

Digital signatures provide built-in proof of the signer’s identity and intent. Live Video Signing comes with even stronger identity verification features, making it difficult to dispute contracts. This protection, known as non-repudiation, means the identities & intent of everyone signing the document are confirmed and recorded. So, no one can later deny signing the document.

Secured Signing’s Video Signing also delivers a better customer experience with the signing meetings on the all-in-one platform able to be setup in seconds allowing more time to go through details of the contract and clearly explain them. The whole process is easy, fast, and safe, added Eyal.

“You’ll now be able to sign documents using video signing, from any device, anywhere in the world. So, for example, now notaries or lawyers or financial advisors can start a video conference with the document they need signed and walk the signee through the document in a live, recorded video with the final signature added at the end of the conference call.”

Eyal said the goal was to provide simple, secure signing in one easy-to-use tool.

“Our customers won’t need any additional video conference software. The signed document has an access link to video session recording that is password protected and can be viewed after signing meeting has ended”.

“COVID-19 has disrupted our lives. It’s not business as usual right now. Organizations are responding in their own way, and there’s a lot of doubt and uncertainty. One thing is certain is that we have to adapt, and technology makes that process a lot easier. We hope our video signing feature will give businesses the tools they need to finalize documents safely online,” said Eyal.

Find out more about Secured Signings new Video Signing feature here: https://securedsigning.com/products/video-signing

About Secured Signing

Secured Signing provides a one-stop digital signature service that delivers a full range of form completion and eSigning capabilities. Using advanced, personalised X509 PKI Digital Signature technology it is more secure than a plain electronic signature. Secured Signing enables its users to use any device to capture their graphical signature, fill-in, sign, seal and verify documents anywhere, anytime. The solution streamlines business processes, cuts back on expenses, expedites delivery cycles, improves staff efficiency and enhances customer service in a green environment. To learn more about Secured Signing, visit www.securedsigning.com