Sharing Economy and Suzhou Su Xin Rui Shi Technology Proposed Strategic Partnership

Hong Kong, April 4, 2022 /PRNewswire/ -- 3D Discovery Co., Ltd, a fully owned subsidiary of Sharing Economy International Inc. ("SEII") (OTCQB: SEII), announced today that 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:

1. A light field reconstruction algorithm based on backlight matching technology;
2. A programmable real-time 3D Light Field rendering engine based on human eye bio-stereoscopic vision;
3. A fusion algorithm between stereoscopic image source and virtual scene.

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.

About Sharing Economy International Inc.

Sharing Economy International Inc., 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. For more information visit www.seii.com

Cautionary Warning Regarding Forward-Looking Statements:

This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995.  In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of such terms and other comparable terminology. These forward-looking statements include, without limitation, statements about our market opportunity, our strategies, competition, expected activities and expenditures as we pursue our business plan, and the adequacy of our available cash resources. Although we believe that the expectations reflected in any forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Actual results may, and probably will, differ materially from the predictions discussed in these forward-looking statements. Changes in the circumstances upon which we base our predictions and/or forward-looking statements could materially affect our actual results. Additional factors that could materially affect these forward-looking statements and/or predictions include, among other things: (1) our ability to raise additional capital to continue our operations; (2) our ability to pay down existing debt; (3) our ability to attract and retain key executive officers and the professional advisors; (4) the effect of the COVID-19 outbreak on our operations; (5) potential litigation with our shareholders, creditors and/or former or current investors; (6) the effect of political instability on our operations; and (7) other factors over which we have little or no control.   Any forward-looking statements speak only as of the date on which they are made, and Sharing Economy International does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release.  Information on Sharing Economy International's website does not constitute a part of this release.

Company Contacts:

Sharing Economy International Inc.
Email: [email protected]
+852-31060372 

SOURCE Sharing Economy International Inc.

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