LETHAM, Scotland, Aug. 21,
2024 /PRNewswire/ -- MDJM LTD (Nasdaq: MDJH)
(the "Company" or "MDJM"), an integrated global culture-driven
asset management company, today announced that its wholly-owned
subsidiary, MANSIONS CATERING AND HOTEL LTD, a United Kingdom
Company ("Mansions"), entered into a Strategic Cooperation
Agreement (the "Strategic Cooperation Agreement") with Tianjin
Rongbaozhai Culture Communication Co., Ltd. ("Tianjin Rongbaozhai")
on August 20, 2024, to enhance the
cultural and artistic businesses of both entities. The entry of
this agreement marks a significant milestone in MDJM's expansion
within the cultural sector, solidifying its position with
additional access to top-tier resources in traditional Eastern art
and culture.
The Rongbaozhai brand, established over 300 years ago, is a
China time-honored brand
specializing in Chinese calligraphy and painting. Rongbaozhai
operates a comprehensive cultural business that includes galleries,
auctions, literary and artistic supplies, exhibitions, education,
and digital asset management. Tianjin Rongbaozhai remains a key
player in promoting Eastern cultural heritage, with expertise in
organizing cultural and artistic exchange activities, exhibition
services, and retail of fine arts and crafts.
Through this strategic cooperation, MDJM and Tianjin Rongbaozhai
aim to foster deeper collaboration in art exchange, cultural
product development, and asset management. Pursuant to the
Strategic Cooperation Agreement, Mansions will leverage its
historical properties, including Fernie Castle in Scotland and the Robin Hill Hotel in
England, as bases for Tianjin
Rongbaozhai's cultural dissemination efforts. These sites will host
art exhibitions, artist exchanges, auctions, and cultural product
sales. In return, Mansions will gain access to Tianjin
Rongbaozhai's extensive collections of art and cultural resources.
The collaboration also includes joint efforts to develop high-end
customized cultural and creative products for the UK and European
markets, blending intangible cultural heritage with modern design.
Additionally, both parties will explore digitalization of art
assets, including the development of digital art platforms and
NFTs, to reach new markets and audiences.
The cooperation between MDJM and Tianjin Rongbaozhai is a
continuation of MDJM's cultural initiatives, following the recent
appointments of experts Dr. Pei-Kai
Cheng and Professor Duncan Murray
Campbell in cultural development. The construction of the
Eastern Garden and renovations at Fernie Castle, combined with the
art resources to be provided by Tianjin Rongbaozhai, are expected
to further reinforce MDJM's efforts to build a robust cultural and
artistic portfolio.
"We are pleased to collaborate with Tianjin Rongbaozhai," said
Mr. Siping Xu, Chairman and Chief
Executive Officer of MDJM. "This cooperation is a significant step
in our ongoing efforts to develop cultural hubs that bridge Eastern
and Western cultures. By leveraging our historical properties in
both England and Scotland, including Robin Hill Hotel and
Fernie Castle, we aim to create a unique fusion of regional and
Eastern cultures, expanding the scope and impact of our cultural
projects. Our recent cultural initiatives will not only contribute
to the success of our current projects but also support our
long-term strategy for sustainable cultural development and global
market expansion."
About MDJM LTD
MDJM LTD is a global culture-driven asset management company
focused on transforming historical properties into cultural hubs
that blend modern digital technology with rich historical value.
The Company is actively expanding its operations in the UK, where
it is developing projects such as Fernie Castle in Scotland and the Robin Hill Property in
England. These properties are
being remodeled into multi-functional cultural venues that will
feature fine dining, hospitality services, art exhibitions, and
cultural exchange events. As part of its broader strategy, MDJM is
positioning itself as a hub for artisan exchanges, art shows, and
sales, leveraging its historical properties as platforms for
promoting Eastern and Western cultural exchanges. This initiative
reflects the Company's commitment to furthering its global market
expansion and enhancing its cultural business footprint. For more
information regarding the Company, please visit
http://ir.mdjmjh.com.
Forward-Looking Statements
This announcement contains forward-looking statements. All
statements other than statements of historical fact 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 projections about future
events and financial trends that the Company believes may affect
its financial condition, results of operations, business strategy,
and financial needs. Investors can identify these forward-looking
statements by words or phrases such as "may," "will," "expect,"
"anticipate," "aim," "estimate," "intend," "plan," "believe,"
"potential," "continue," "is/are likely to" or other similar
expressions. The Company undertakes no obligation to update
forward-looking statements to reflect subsequent occurring 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 cannot assure you that such expectations will turn
out to be correct, and the Company cautions investors that actual
results may differ materially from the anticipated results and
encourages investors to review other factors that may affect its
future results in the Company's annual report on Form 20-F and its
other filings with the U.S. Securities and Exchange
Commission.
Investor Contact:
Sherry Zheng
Weitian Group LLC
Email: shunyu.zheng@weitian-ir.com
Phone: +1 718-213-7386
View original
content:https://www.prnewswire.com/news-releases/mdjm-ltd-partners-with-tianjin-rongbaozhai-to-enhance-global-cultural-offerings-and-strengthen-eastern-art-presence-302227900.html
SOURCE MDJM LTD