LETHAM, Scotland ,
Feb. 21,
2023 /PRNewswire/ -- MDJM LTD (Nasdaq: MDJH) (the
"Company" or "MDJM"), an integrated global culture-driven asset
management company, today issued a letter to shareholder from
its Chairman and CEO, Siping Xu,
providing a corporate update regarding its global business
transformation and long-term growth and vision prospects.
Dear Shareholders:
Since our successful listing on the Nasdaq market, we have
committed to focusing on MDJM's operational growth. Taking
advantages of favorable capital market platform, we have set our
sights on the UK market in 2021 as the first stop of our global
expansion. We have transformed our focus to center around cultural
operations, historical asset acquisitions, cultural tourism and
education industries to promote unique cultural heritage of
different civilizations while further increasing our services
offerings and competitive strength. With our headquarter now
located in the United Kingdom, we
are specifically targeting properties with a rich historical and
cultural background and positioning MDJM as an integrated global
culture-driven asset management company. We aim to achieve
standardized management and operation of our new development
through cultural hotel operations, quality localized food and
beverage development, and the launch of other cultural tourism
services projects.
Recent Acquisitions
Fernie Castle
In August 2022, we entered into
agreement to purchase Fernie Castle which serves as our new
headquarter for our business in iconic assets. The Fernie Castle
Hotel, located in the heart of Fife,
Scotland, is situated in 17 acres of woodlands with its own
lochan. Fernie Castle has hundreds of years of history and was
passed to the Fernies in the 15th century. The renovation at Fernie
Castle is currently underway, and is scheduled to open to the
public this year. Our target is to offer consumers and tourists
cultural experiencing specialty hotel services, catering services,
private parties, and castle wedding services. We will continue our
effects to maximize the castle's unique historical and cultural
value through branding and other strategic initiatives.
The Robin Hill Property
In December 2022, we entered into
agreement to purchase Robin Hill and
the Villa. Originally built in 1896 as a Gentleman's Residence, the
elegant Robin Hill Hotel maintains much of its Victorian Charm,
sits atop Braddons Hill, offers quality and a range of creature
comforts in a central location, and provides the perfect base to
Torquay town centre, harbour,
marina and sea front. Torquay is a
seaside resort town on the English Channel in Devon, southwest England. The Robin Hill Property has completed
the property handover and renovations, and target to open to public
in March 2023. We plan to make Robin
Hill Hotel one of the most distinctive buildings in the local
area.
Long-term Growth and Visions
With our unique investment perspective, mature and compliant
acquisition processes, and strong team communication capabilities,
we have acquired several properties with significant cultural value
and historical meaning. Our five-year vision is to continue
exploring and developing high-quality historical and cultural
properties by combining modern digital technology with our
historical properties to create unique assets that have both
historical and contemporary practical value. Our goal is to expand
our unique cultural transmission and commercial services worldwide,
with a focus on Europe and
beyond.
As part of our globalization strategy, we leverage the cultural
and historical value of our properties to create a distinctive and
local tourism experience. We also use historical buildings as
carriers to develop the cultural education industry, protecting,
inheriting, and developing the inherent culture of different
civilizations worldwide.
Cultural operations are central to our asset management
approach. With over 20 years of experience in creating and
operating cultural communities, our core team shares universal
values and professional ideals, dedicated to preserving,
inheriting, and developing the unique cultural heritage of
different civilizations. We place great importance on combining
modern civilization with historical context to innovate and promote
the development of the cultural industry.
MDJM is rapidly expanding service capabilities and gaining a
deep understanding of the evolving hospitability and asset
management service market. We are taking steps to increase our
services, capacities, and competitiveness through a
multidimensional growth strategy and transforming to an integrated
global and culture-driven asset management company. Throughout the
remainder of 2023, we will maintain a relentless focus on our
development opportunities in specialty hotels, tourism, and
cultural markets in Europe and
beyond. We will continue to seek acquisition opportunities for
greater growth, market share, market influence, and profitability,
and looks forward to furthering developments in the global cultural
industry and our ongoing development in cultural asset
management.
Sincerely,
Siping Xu
Chairman and CEO
About MDJM LTD
MDJMexpects to focus on international expansion for the
development of real estate-related hospitality, butler services and
more. For more information regarding the Company, please visit
http://ir.mdjmjh.com.
Forward-Looking Statements
This announcement contains forward-looking statements. All
statements other than statements of historical fact in this
announcement are forward-looking statements. These forward-looking
statements involve known and unknown risks and uncertainties and
are based on current expectations and projections about future
events and financial trends that the Company believes may affect
its financial condition, results of operations, business strategy,
and financial needs. In addition, there is uncertainty about the
further spread of the COVID-19 virus or new variants thereof, or
the occurrence of another wave of cases and the impact it may have
on the Company's operations. Investors can identify these
forward-looking statements by words or phrases such as "may,"
"will," "expect," "anticipate," "aim," "estimate," "intend,"
"plan," "believe," "potential," "continue," "is/are likely to" or
other similar expressions. The Company undertakes no obligation to
update forward-looking statements to reflect subsequent occurring
events or circumstances, or changes in its expectations, except as
may be required by law. Although the Company believes that the
expectations expressed in these forward-looking statements are
reasonable, it cannot assure you that such expectations will turn
out to be correct, and the Company cautions investors that actual
results may differ materially from the anticipated results and
encourages investors to review other factors that may affect its
future results in the Company's annual report on Form 20-F and its
other filings with the Securities and Exchange Commission.
Investor Contact:
Sherry Zheng
Weitian Group LLC
Email: shunyu.zheng@weitian-ir.com
Phone: +1 718-213-7386
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SOURCE MDJM LTD