Benzinga | Aug 5, 2021 08:26AM EDT

Nisun International Signs Agreement To Receive Bank Credit Support From China Everbright Bank

Nisun International Enterprise Development Group Co., Ltd ("Nisun" or the "Company") (NASDAQ:NISN), a provider of innovative comprehensive solutions through an integration of technology, industry, and finance, today announced that Jilin Lingang Supply Chain Management Co., Ltd, a controlled affiliate of the Company, has signed a cooperation agreement with the Changchun branch of China Everbright Bank Co., Ltd. ("Everbright Bank").

Under this agreement, Everbright Bank will provide comprehensive bank credit support to Nisun for a one-year period from 2021 to 2022, fully supporting the leap-forward development of the supply chain industry while helping to execute Nisun's long-term supply chain strategy.

Mr. Xiaoyun Huang, Chairman and Chief Executive Officer of Nisun International, commented: "Through this cooperation, Nisun will receive financial support from Everbright Bank, as well as an endorsement from a national-level bank that recognizes the Company as a representative of the supply chain industry. This manifests Everbright Bank's confidence in Nisun's development, and this alliance encourages Nisun to further expand and extend our cooperation with commercial banks. As Nisun accelerates the implementation of our supply chain strategy, the Company will continue to increase the momentum of research and development of our supply chain technology."