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Sunday, September 25, 2022

Sharing Economy International Inc (OTCMKTS: SEII) Powerful Run Northbound as CO Signs Multi-Million Dollar Agreement with Hanking Fof Investment, L.P.

Sharing Economy International Inc (OTCMKTS: SEII) is making a powerful run northbound in recent weeks skyrocketing from the double zeroes to recent highs near $0.25 per share. SEII has quickly attracted a fast growing shareholder base transforming the stock into a volume leader in small caps nearing $1 million per day average dollar volume. Currently under heavy accumulation SEII is an SEC filer and has $3.6 million in marketable securities and did $237,000 in revenues during fiscal 2021 with some debt on the books too.

SEII has had a big month in April reporting a Strategic Framework Agreement with Suzhou Su Xin Rui Shi Technology Co. Ltd. The two companies will form a joint venture company to develop a Metaverse platform based on Su Xin Rui Shi’s naked-eye 3D technology. The Company also signed an Investment Cooperation Agreement with Hanking Fof Investment, L.P. Pursuant to the Agreement, Hanking intends to make strategic investments in SEII with a total size of up to US$30 million for a two-year period.

Sharing Economy International Inc (OTCMKTS: SEII) through its affiliated companies, are focused on targeting the technology and global sharing economy markets, by developing online platforms and rental business partnerships that will drive the global development of sharing through economical rental business models. Moreover, the Company will actively pursue blockchain technology in its existing and to-be-acquired business, enabling the general public to realize the beauty of resource sharing.

The Company has been putting out one big press release after the other in April; first the Compay announced it has signed a Strategic Framework Agreement with Suzhou Su Xin Rui Shi Technology Co. Ltd. The two companies will form a joint venture company to develop a Metaverse platform based on Su Xin Rui Shi’s naked-eye 3D technology. Su Xin Rui Shui is a naked-eye 3D display technology research and development company, dedicated to the development and industrialization of 3D light field real-time rendering engine technology. They have three core technologies: A light field reconstruction algorithm based on backlight matching technology; A programmable real-time 3D Light Field rendering engine based on human eye bio-stereoscopic vision; A fusion algorithm between stereoscopic image source and virtual scene.

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SEII

Under the Strategic Framework Agreement, the two companies will form a joint venture company in Hong Kong for the development of a Metaverse platform. 3D Discovery will hold 60% equity of the joint venture company responsible for the business promotion and business development of the Metaverse platform, and Su Xin Rui Shui will hold 40% equity of the joint venture company responsible for technology research and development, application development and customer services. The two companies expect to complete the joint venture partnership and signing the Joint Venture Cooperation Agreement within 45 days after the Strategic Framework Agreement signed.

SEII also signed an Investment Cooperation Agreement with Hanking Fof Investment, L.P. Pursuant to the Agreement, Hanking intends to make strategic investments in SEII with a total size of up to US$30 million for a two-year period, the proceed of which is to be applied primarily in the fields of (1) research and development of new technologies and products such as intelligent algorithms, application systems and intelligent interactive devices based on metaverse applications of SEII; (2) ultra-high definition naked-eye 3D integrated solution, software and hardware products as well the market expansion in Hong Kong, Macao, Southeast Asia and Europe; (3) SEII’s cooperation with major customers that involved in 3D upgrade of display panel; and (4) expansion of SEII’s cooperation with more projects combining global leading metaverse technology and green economy.

Hanking is a private equity fund professionally operated and managed by a family office for wealthy families. It focuses on private equity, block transactions and secondary market investment, as well as financial services to high net worth individuals, institutional investors and wealthy families such as investment advisory and asset management services. In addition, Hanking has created an ecological management system by managing various funds in Hong Kong, Beijing, Shanghai and other cities as well as following closely on the global new economy industry. Hanking’s investment team successfully invested in many major PRC-based e-commerce and achieved high returns. Moreover, Hanking is also the partner of many mainstream funds, which have, strong influence and appeal within respective industries.

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Currently at a $40,778,698 SEII has 263,088,371 shares outstanding and significant debt on the books. But SEII is an exciting story developing in small caps; the stock has runner in its blood skyrocketing from the double zeroes to recent highs near $0.25 per share. As stated the Company has a Strategic Framework Agreement with Suzhou Su Xin Rui Shi Technology Co. Ltd. The two companies will form a joint venture company to develop a Metaverse platform based on Su Xin Rui Shi’s naked-eye 3D technology. The Company also signed an Investment Cooperation Agreement with Hanking Fof Investment, L.P. Pursuant to the Agreement, Hanking intends to make strategic investments in SEII with a total size of up to US$30 million for a two-year period. We will be updating on SEII when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with SEII.

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Disclosure: we hold no position in SEII either long or short and we have not been compensated for this article.

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