BEIJING and HANGZHOU, China, July 27, 2021 /PRNewswire/ — Roan Holdings Group Co., Ltd. (“Roan” or the “Company”) (OTC Pink: RAHGF and RONWF), a provider of diversified solutions in financial, insurance and healthcare related products and management services, announced today that the Company has signed an cooperation agreement with a travel service provider in China, Beijing Auvgo International Travel Technology Co. Ltd. (“Auvgo International”), to form a joint venture, Zhejiang Yijia Travel Digital Technology Co. Ltd. (“Yijia Travel”), in jointly develop business travel services.
Pursuant to the agreement, each of Roan and Auvgo International will invest and hold 35% of the equity in the joint venture and additional investors will make capital contributions for the remaining 30% equity in the joint venture. Yijia Travel will be registered in China Hangzhou city with an initial registered capital of RMB 5 million. Auvgo International’s investment will include the 40% equity…