XIAMEN,
China, Aug. 19, 2022 /PRNewswire/ -- Pop Culture
Group Co., Ltd ("Pop Culture" or the "Company") (Nasdaq: CPOP), a
hip-pop culture company in China,
today announced the establishment of Guangzhou Digital Intelligence
Communication Culture Co., Ltd. ("DICC"), a wholly-owned subsidiary
of the Company created to facilitate the business development of
"POPIDEA", the intelligent business sector, among the Company's
three core business sectors. DICC is expected to upgrade the
Company's conventional business services and strategies to provide
clients with the communication solutions it refers to as "Smart
Digital ("Smart D")".
Smart D of DICC has a variety of one-stop services,
including:
- Providing digital and intelligent communication solutions
through integrating data, think tanks, and online and offline
communication scenarios.
- Amplifying the effect of integrated marketing by using big data
tools and various means of communication.
- Providing creative design and strategy consultations, guided by
the think tanks, and providing creative and visionary strategic
solutions.
- Organizing events and activities by adopting relevant
strategies and allocating valued resources.
The Company expects to continuously work to upgrade all of its
core business sectors and it has, accordingly, proposed a strategic
plan it refers to as the "POPSPACE" (hereinafter, the "Plan") to
accomplish this. Smart D is a critical part of the Plan, as it will
provide an important solution to clients' demands for intelligent
communication. Centered around the Company's sports business
sector, "POPSPORTS", the Plan will also provide services to street
dance talents and help them participate in the sporting events. The Company expects to put
a new street dance base into operation soon, as another part of the
Plan, to facilitate the sports business. "CPOPMETA" is also a part
of the Plan, associated with the Company's entertainment business
sector, "POPFUN", with products protected by Non-Fungible Tokens
(NFTs), which will be powered by Smart D services.
Mr. Zhuoqin Huang, the Chairman and Chief Executive Officer of
Pop Culture, commented, "We are excited about the establishment of
DICC and providing clients with our unique intelligent
communication solution, Smart D. This is not only a reflection of
our progress in upgrading our business, but also a milestone of our
strategic plan. With the establishment of Shenzhen Jam Box
Technology Co., Ltd in 2021 and our continued efforts in promoting
street dance vocational education, we have built a solid foundation
for the Plan. In the future, we expect to accelerate the
development of our three core business sectors and to invest
RMB1 billion into the Plan from 2021
to 2025."
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
exchange 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.cpop.cn/.
Forward-Looking Statements
Certain statements 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@cpop.cn
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
