Tianrong Med Group Inc (TNMD)

[Running Q]

TNMD SIGNS DEFINITIVE AGREEMENT TO ACQUIRE HUANMEDIA, CHINA’S LARGEST RAILWAY WI-FI SERVICE PROVIDER Press Release | 01/08/2021

Tianrong Medical Group, Inc. (OTC: TNMD) announced today that the Company has signed a definitive agreement to acquire HuanMedia Company Limited, parent company of China based Sichuan HuanMedia Co. Ltd., in an all-stock transaction. HuanMedia (https://www.huanmedia.com" rel="nofollow" target="_blank" >https://www.huanmedia.com) owns exclusive operation rights and provides free Wi-Fi services and entertainment platforms to several railway lines and in over hundreds of railway stations and trains across China. HuanMedia is growing at a rapid pace, aiming at providing services to over 1 billion of annual railway passenger flow in 2021.



HuanMedia guarantees fully secured, uninterrupted service, even when the external 3G and 4G signals are weak or unavailable. Its unmatched platforms provide unique and exclusive services to passengers, including online ticketing, train schedule information, VIP services, onboard online shopping, travel, and hotel bookings. It also provides passengers with rich entertainment content; recent movies, hit music and mobile games. This exclusive platform is an effective advertisement and product promotion channel for location centric products to globally recognized brands.



He Zhizhou, president of HuanMedia stated, "I am truly pleased that our company will be entering the U.S. public markets. This has long been our strategy. A U.S. public listing will provide unparalleled exposure and bring us on to the world stage."



The management of TNMD released the following statement, "We are delighted to join forces with a company of HuanMedias stature. We look forward to a long and highly profitable partnership.



HuanMedia was established in 2013. As Chinas number one railway transportation Wi-Fi operator and a leader in China's rail transportation information service, it focuses on the construction and operation of mobile internet in the field of public transportation, internet product development and distribution, big data analysis and scene-based precision marketing services. The company is headquartered in Chengdu, Sichuan Province, China.



TNMD's vision is the establishment of a fully integrated technology company that provides turnkey technological solutions to the transportation industry. Over time, the Company plans to provide a wide range of services such as software solutions, e-commerce, advisory services, financial services, patents and trademarks and information technology.



For further information please contact HuanMedia at [e-mail]



The HuanMedia corporate website can be accessed at https://www.huanmedia.com



For further information please contact Tianrong Medical Group, Inc. at [phone] or [e-mail]



The TNMD corporate email address is [e-mail]