BEIJING, Oct. 28,
2022 /PRNewswire/ -- MMTEC, Inc. ("MMTEC" or the
"Company") (Nasdaq: MTC) filed an Amended and Restated Memorandum
and Articles of Association with the Registrar of Corporate Affairs
of the British Virgin Islands to
increase the maximum number of shares that the Company is
authorized to issue from 50,000,000 to 5,000,000,000. This change
to the Company's authorized capital became effective upon the
Registrar of Corporate Affairs's acceptance of the Amended and
Restated Memorandum and Articles of Association on October 26, 2022.
About MMTEC, Inc.
Headquartered in Beijing,
China, our Company mainly focuses on investment banking and
asset management business, providing customers with one-stop and
all-round financial services. In addition to traditional incubation
and investment in domestic and foreign companies listed in
the United States, it also
launched the HiFund platform to attracting global institutional and
individual investors to invest in the most competitive Chinese
assets.
More information about the Company can be found at:
www.haisc.com.
Forward-Looking Statements
This press release contains forward-looking statements as
defined by the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements that are other than
statements of historical facts. When the Company uses words such as
"may", "will", "intend", "should", "believe", "expect",
"anticipate", "project", "estimate" or similar expressions that do
not relate solely to historical matters, it is making
forward-looking statements. Specifically, the Company's statements
regarding its continued growth, business outlook, and other similar
statements are forward-looking statements. Forward-looking
statements are not guarantees of future performance and involve
risks and uncertainties that may cause the actual results to differ
materially from the Company's expectations discussed in the
forward-looking statements. These statements are subject to
uncertainties and risks including, but not limited to, the
following: the Company's goals and strategies; the Company's future
business development; product and service demand and acceptance;
changes in technology; economic conditions; reputation and brand;
the impact of competition and pricing; government regulations;
fluctuations in general economic and business conditions in
China and assumptions underlying
or related to any of the foregoing and other risks contained in
reports filed by the Company with the Securities and Exchange
Commission, including the Company's most recently filed Annual
Report on Form 20-F and its subsequent filings. For these reasons,
among others, investors are cautioned not to place undue reliance
upon any forward-looking statements in this press release.
Additional factors are discussed in the Company's filings with the
U.S. Securities and Exchange Commission, which are available for
review at www.sec.gov. The Company undertakes no obligation to
publicly revise these forward-looking statements to reflect events
or circumstances that arise after the date hereof.
CONTACT: Jessie Chang,
jessie@haisc.com, +86 10 5617 2312
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SOURCE MMTEC, Inc.
