SHENZHEN, China, Nov. 2, 2023
/PRNewswire/ -- On November 2, 2023,
BAIYU Holdings, Inc. (NASDAQ: BYU) (the "company") is pleased to
announce its expansion of the company's primary business
operations. The company is expected to invest in fast charging
stations and commercial machine stations, and provide customers
with integrated new energy solutions and operations include
photovoltaic systems, energy storage power and fast charging
stations.
At present, the company is actively expanding its presence in
the field of photovoltaic,
energy storage power, fast charging stations, and the operation
services within the new energy industry. The company adheres to its
commitment to excellence in overall operation and maintenance,
prioritizing quality, safety, reliability, and efficient service,
and providing safer, more convenient and reliable green new energy
power service for global quality customers. The Company aims to
provide all-round solutions and operations for global new energy
storage systems and specialized application fields. The company
takes new energy as the main body and new integrated power systems
as the development direction. Committed to the fields of new energy
systems such as "clean energy, new energy, smart power, smart
photovoltaic, fast charging station network operation and
maintenance", the company is expected to cooperate with new energy
services such as photovoltaic, energy storage, electric power,
charging piles and microgrid to provide customers with one-stop
integrated power and energy services from design planning,
integrated system, efficient operation, intelligent operation and
maintenance to upgrading and transformation.
Ms. Ouyang Renmei, CEO of the company, emphasized, "under the
background of dual carbon, our company will fully expand the new
energy power industry in the future, help the process of global
carbon neutrality, and enter the new energy power, photovoltaic and
fast charging industries, which is anticipated to improve our
company's performance, enhance corporate value and contribute to
our growth as a notable corporate brand."
Safe Harbor Statement
This press release may contain certain "forward-looking
statements" relating to the business of BAIYU Holdings, Inc. and
its subsidiary companies. All statements, other than statements of
historical fact included herein are "forward-looking statements."
These forward-looking statements are often identified by the use of
forward-looking terminology such as "believes," "expects"
"anticipates", or similar expressions, involving known and unknown
risks and uncertainties. Although the Company believes that the
expectations reflected in these forward-looking statements are
reasonable, they do involve assumptions, risks and uncertainties,
and these expectations may prove to be incorrect. The following
factors, among others, could cause actual results to differ
materially from those described in these forward-looking
statements: there is uncertainty about the spread of the COVID-19
virus and the impact it will have on the Company's operations; the
demand for the Company's products and services, global supply
chains and economic activity in general; the occurrence of any
event, change or other circumstances; and other risks and
uncertainties described herein, as well as those risks and
uncertainties discussed from time to time in other reports and
other public filings with the Securities and Exchange Commission by
BAIYU Holdings, Inc. Investors should not place undue reliance on
these forward-looking statements, which speak only as of the date
of this press release. The Company's actual results could differ
materially from those anticipated in these forward-looking
statements as a result of a variety of factors, including those
discussed in the Company's periodic reports that are filed with the
Securities and Exchange Commission and available on its website at
http://www.sec.gov. All forward-looking statements attributable to
the Company or persons acting on its behalf are expressly qualified
in their entirety by these factors. Other than as required under
the securities laws, the Company does not assume a duty to update
these forward-looking statements.
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SOURCE BAIYU Holdings, Inc.
