XIAMEN, China, Nov. 15, 2021 /PRNewswire/ -- Pop Culture Group
Co., Ltd ("Pop Culture" or the "Company") (Nasdaq: CPOP), a
hip-hop culture company in
China, announced today that the
Company has upgraded its organizational structure and determined
its growth strategies, which center on three core business groups:
POPIDEA, POPSPORTS, and POPLIVE. As a result of the organizational
structure upgrade, the Company now has businesses in Northeast,
North, Central, East, and South
China, which are expected to establish an efficient
operating system and abundant resource reserves.
POPIDEA--Digital Intelligence Communication Business
Group
POPIDEA includes a strategic consulting division, a creative
design division, an offline activities division, and an online
launch division. In the future, the business group will be
strategy-oriented to provide customers with a variety of one-stop
services, namely:
- Strategic Consulting Service: Through cooperation with many
domestic strategic consulting institutions, the Company expects to
provide enterprises with professional strategic consulting
services, in areas such as targeted market analysis, branding,
marketing, sales strategizing and other related services.
- Creative Visual Presentations and Design Service: By
integrating domestic and foreign individual studios having unique
artistic styles, the Company expects to act as a strategic partner,
a corporate advisor or a service provider, to offer more creative
visual presentations and designs.
- Public Relations Service: The Company plans to organize offline
public relations activities by adopting relevant strategies and
allocating valued resources, such as stage lighting and sound
teams, actors, presenters, partners' IP or other
collaborators.
- Internet Integrated Marketing Service: The Company expects to
use big data tools and various means of communication to amplify
the effect of integrated marketing, and, in particular, the Company
intends to widely deliver more commericals on the Internet.
POPSPORTS —Pop Sports Business Group
The POPSPORTS business is dedicated to the creation of an
infrastructure and measurable standards for street dance sports.
Through this business group, the Company strives to create a system
for cultivating Olympic street dance talents through the
establishment of the street dance chain SaaS system, the
standardization of street dance teachers, the development of a
China Battle Championships ("CBC") global professional league, and
the development of a national street dance team training
base.
POPLIVE —Pop Live Business Group
POPLIVE includes a business branding division, an entertainment
and performing arts division, a copyright division, and a Chinese
cultural e-commerce division. POPLIVE is designed to improve the
Company's brand awareness. It focuses on the strategic cooperation
of multiple music labels and other businesses to create CPOP
labels, so as to gather China's
top trending artistic resources, and generate artist-related
copyrighted content through artistic media, such as video and
music. The copyright division can generate more valuable trending
content through cross-border cooperation or authorization, and
monetize copyrighted contents through e-commerce channels.
Mr. Zhuoqin Huang, Chairman and Chief Executive Officer of Pop
Culture, commented, "Through the organizational structure upgrade,
we have completed an effective integration of our own resources and
the industry's third-party resources and expect to achieve
successful opportunities for all parties involved. With the vision
of becoming the world's top hip-hop cultural content producer, Pop
Culture will continue to create high-quality content, such as
sports and entertainment that young people love. We believe that,
driven by our three core businesses, we can create more value for
the Company, our customers and investors."
About Pop Culture Group Co., Ltd
Headquartered in Xiamen, China,
Pop Culture Group Co., Ltd is a hip-hop culture company. The
Company aims to promote hip-hop culture and its values of love,
peace, unity, respect, and having fun, and to promote cultural
exchanges with respect to hip-hop between the United States and China. With the values of hip-hop culture at
its core and the younger generation as its primary target audience,
the Company hosts entertainment events, operates hip-hop related
online programs, and provides event planning and execution services
and marketing services to corporate clients. The Company has in
recent years focused on developing and hosting its own hip-hop
events. For more information, visit the Company's website at
http://ir.popinter.cn/.
Forward-Looking Statements
Certain statements of historical fact made in this
announcement are forward-looking statements. These forward-looking
statements involve known and unknown risks and uncertainties,
including the further spread of the COVID-19 virus or new variants
thereof, or the occurrence of another wave of cases and the impact
it may have on the Company's operations and the demand for the
Company's services, 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
registration statement and its other filings with the
SEC.
For more information, please contact:
Pop Culture Group Co., Ltd
Investor Relations
Department
Email: ir@520pop.com
Ascent Investors Relations LLC
Tina Xiao
President
Phone: 917-609-0333
Email: tina.xiao@ascent-ir.com
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SOURCE Pop Culture Group Co., Ltd
