Benzinga | Jun 17, 2021 07:34AM EDT

TIAN RUIXIANG Holdings Ltd Signs Strategic Cooperation Agreement with Anhui Anqing Road Transport Administrative Center

TIAN RUIXIANG Holdings Ltd (NASDAQ:TIRX) (the "Company"), a China-based insurance broker, announced today that it entered into a comprehensive strategic cooperation agreement with Anqing Road Transport Administrative Center of Anhui Province ("the "Agreements") on June 15, 2021. Pursuant to the Agreement, the Company will provide Anqing Road Transport Administrative Center with professional risk management services.

Anqing Road Transport Administrative Center is a public welfare unit at the sub-county level under the Anqing Municipal Transport Bureau, and is responsible for providing guidance and government services to the city's road and transportation industry including but not limited to: production safety, emergency response, environmental protection, energy preservation, national defense transportation, credit system management, administrative supports, and supervision of construction, management, operations, and maintenance of East Gate ferry. There are approximately 824,000 vehicles and 1.24 million drivers registered in the Anqing city.

Zhe Wang, Chairman and Chief Executive Officer of TIRX, commented, "Our cooperation with Anqing Road Transport Administrative Center will provide Anqing city with professional risk management services and is a win-win for both Anqing city and our company. Going forward, we will continue to seek cooperation opportunities with government entities and provide customized solutions and services to meet the needs of our customers."