Shenzhen, China, March 20, 2024/PRNewswire/ -- Yingxi Group (NASDAQ: ATXG), a comprehensive service provider focusing on apparel manufacturing, logistics services, property management and leasing, announced that it has reached a strategic cooperation and signed a memorandum of understanding with Dezhong Xinghui Information Technology Co., Ltd. (“Dezhong Xinghui”). Established in September 2017, Dezhong Xinghui is a nationally renowned high-tech entity located in Xihu District, Hangzhou.

The core of the cooperation between Yingxi Group and Dezhong Xinghui is the development of an artificial intelligence logistics system aimed at optimizing vehicle scheduling, real-time inventory monitoring, intelligent sorting and hierarchical delivery, and continuous operation. By automating tasks, the initiative will significantly reduce labor costs and reduce errors, thereby improving the efficiency and quality of logistics operations. Overall, the system's optimization features cover all aspects of logistics, bringing breakthrough progress to both parties in achieving logistics delivery within their respective communities.

Through its Kirin Fresh Products platform, Dezhong Xinghui provided expertise and resources in software technology and digital retail solutions, and played a key role in the cooperation. Kirin Fresh Products is a platform dedicated to providing digital retail solutions for fresh food and food businesses and retailers. The platform invests as much as 5 million US dollars in software technology every year. Through continuous exploration of technologies such as software-as-a-service (SAAS) systems, big data, artificial intelligence applications, and private domain operations, this not only enhances its platform functions, but also helps optimize artificial intelligence logistics systems.

Yingxi Group, on the other hand, can provide professional experience in logistics services and a wide-ranging network for Dezhong Xinghui. Yingxi Group provides logistics services in 11 provinces and 3 municipalities in China, covering more than 86 cities, and has rich experience in transportation resources and logistics management. The two sides will integrate these resources and experience to jointly promote the development of artificial intelligence logistics systems.

Mr. Hong Zhida, CEO of Yingxi Group, said, “We are honored to partner with Dezhong Xinghui to jointly utilize our expertise to completely reform the logistics industry and drive innovation. We will use our collective strengths and shared vision to transform traditional logistics practices through technological advancements.”

About Yingxi Group Co., Ltd. (NASDAQ: ATXG))

ATXG is a comprehensive service provider focusing on clothing manufacturing, logistics services, and property management. Its apparel manufacturing headquarters is in China, and its business includes selling clothing to wholesalers. The logistics business includes distribution and express delivery services, covering 79 cities in 7 provinces and 2 municipalities directly under the Central Government in China. The property management and sub-leasing business provides related services to clothing wholesalers and retailers in the clothing market.

For more information, please visit the company's official website:.

Forward-looking statements

All statements in this press release other than historical factual statements are forward-looking statements and constitute forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks and uncertainties, and are based on the Company's current expectations and predictions of future events and financial trends that the Company believes may affect its financial position, operating results, business strategy, and financial requirements.” Words or phrases such as “likely”, “will”, “anticipate”, “aim”, “estimate”, “intention”, “plan”, “believe”, “potential”, “continue”, “likely” or other similar expressions are intended to identify such forward-looking statements. Except as required by law, the Company is under no obligation to update forward-looking statements to reflect subsequent events or circumstances, or changes to its expectations. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, the Company cannot guarantee that these expectations are correct. The Company reminds investors that actual results may differ materially from the expected results, and encourages investors to consider risk factors that may affect the company's future performance, including those described in the company's filings with the U.S. Securities and Exchange Commission. All forward-looking statements made by the Company and its subsidiaries or persons acting on its behalf are expressly limited by these risk factors. The forward-looking events discussed in this press release and other statements made by us or our representatives from time to time may not occur, actual events and results may vary materially, and are subject to the risks, uncertainties, and assumptions relating to us, whether due to uncertainties and assumptions, and we are not responsible for updating or revising any forward-looking statements.

Company contacts:

Public relations contacts:
Yingxi Group
Tel: + (86) 755 86961 405
Email: cyseah@zgyingxi.com

Investor Relations Contact:
Sherry Zheng
Weitian Group LLC
Phone: 1-718-213-7386
Email: shunyu.zheng@weitian-ir.com