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Robotics System Integration Market to Grow by USD 4.95 Billion (2024-2028), Rising Demand for Cobots Driving Revenue, AI Transforming the Market – Technavio

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NEW YORK, Nov. 21, 2024 /PRNewswire/ — Report with the AI impact on market trends – The global robotics system integration market size is estimated to grow by USD 4.95 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 9.59% during the forecast period. Increase in demand for cobots is driving market growth, with a trend towards increase in demand for application-specific industrial robots. However, high cost of services for robotic system integration poses a challenge.Key market players include Amtec Solutions Group Inc., Burke Porter Group, CNC Robotics Ltd., Concept Systems Inc., FH Automation, Geku Automation, Hitachi Ltd., IPG Photonics Corp., JH Robotics Inc, MESH Automation Inc., Midwest Engineered Systems Inc., Mitsui and Co. Ltd., Motion Controls Robotics Inc., Peak Analysis and Automation Ltd., Phoenix Control Systems Ltd., Rhein Nadel Automation GmbH, Scott Technology Ltd., TASI Group, TW Automation, and United Robotics Inc..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Application (Material handling, Welding and soldering, Assembly line, and Others), End-user (Electronics, Automotive, Healthcare, Aerospace and defence, and Logistics and others), and Geography (APAC, Europe, North America, South America, and Middle East and Africa)

Region Covered

APAC, Europe, North America, South America, and Middle East and Africa

Key companies profiled

Amtec Solutions Group Inc., Burke Porter Group, CNC Robotics Ltd., Concept Systems Inc., FH Automation, Geku Automation, Hitachi Ltd., IPG Photonics Corp., JH Robotics Inc, MESH Automation Inc., Midwest Engineered Systems Inc., Mitsui and Co. Ltd., Motion Controls Robotics Inc., Peak Analysis and Automation Ltd., Phoenix Control Systems Ltd., Rhein Nadel Automation GmbH, Scott Technology Ltd., TASI Group, TW Automation, and United Robotics Inc.

Key Market Trends Fueling Growth

The Robotics System Integration market is experiencing significant growth as industries seek to automate processes and increase efficiency. Industrial robots, including collaborative robots or cobots, are being integrated into manufacturing units in sectors like automotive, electronics, aerospace and defense, and more. Robotics system integrators provide consulting services to help businesses optimize their infrastructure and application integration. Next-generation robots are being developed with advanced hardware and software for tasks in material handling, logistics, healthcare, defense, IT and telecom, and more. The robotic industry is also seeing accelerated adoption due to advancements in AI, machine learning algorithms, IoT sensors, and data analytics. This leads to real-time monitoring, improved productivity, and reduced operational costs. Robotic system integrators play a crucial role in configuring and optimizing cohesive robotic systems. With the increasing use of cobots, labor costs are becoming more competitive. Skilled robotics engineers and technicians are in high demand to ensure the successful implementation of these advanced technologies. However, cybersecurity concerns remain a challenge as robots become more integrated into critical infrastructure. Dynamic Automation Solutions offer solutions to address these concerns while ensuring political stability and dynamic automation. 

The industrial robotics market is experiencing significant growth due to the increasing adoption of robots in industries previously relying on manual labor. This trend is particularly noticeable in sectors facing workforce deficits, such as construction. For instance, in regions like the Nordic countries, where construction is on the rise, there is an emerging need for specialist integrators to facilitate the implementation of robots for improved efficiency. Small and medium-sized enterprises (SMEs) represent a substantial opportunity for the expansion of the global robotics system integration market. 

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Market Challenges

The Robotics System Integration market is experiencing significant growth as more industries automate their processes with industrial robots. However, integration of these robots presents challenges such as programming and configuration. Robotics system integrators play a crucial role in ensuring a cohesive system by handling infrastructure and application integration. Industries like automotive, electronics, aerospace and defense, and manufacturing units are leading the way in robotic automation. Next-generation robots, including collaborative robots (cobots), are increasingly being adopted for material handling applications. Robotic system integrators help optimize productivity, reduce operational costs, and improve product quality. Challenges include the need for skilled engineers and technicians, cybersecurity concerns, and the integration of IoT sensors, data analytics, and real-time monitoring. Advancements in robotics and AI are accelerating adoption in various sectors, from logistics and healthcare to defense and finance. Robots are being used for tasks ranging from bomb disposal and reconnaissance to surgeries and patient care. Dynamic Automation Solutions provides comprehensive consulting services to help businesses navigate these challenges and maximize the benefits of robotics and automation.System integrators play a crucial role in the deployment of industrial robots for businesses. The process involves various formalities, including contract signing, competitive bidding, and legalities. Vendors must focus on streamlining these pre-purchase procedures to save end-users time and money. Robotic integration market players offer software packages for seamless robot programming and integration. Innovations in the process, such as efficient contract negotiations and quick evaluations, are essential to maintain competitiveness. By optimizing these steps, integrators can help businesses effectively incorporate robots into their operations.

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Segment Overview

This robotics system integration market report extensively covers market segmentation by

Application 1.1 Material handling1.2 Welding and soldering1.3 Assembly line1.4 OthersEnd-user 2.1 Electronics2.2 Automotive2.3 Healthcare2.4 Aerospace and defence2.5 Logistics and othersGeography 3.1 APAC3.2 Europe3.3 North America3.4 South America3.5 Middle East and Africa

1.1 Material handling- The robotics system integration market for material handling is experiencing significant growth, particularly in industries such as automotive, chemicals, electrical and electronics, industrial machinery, and food and beverage. Robots are increasingly being used for material handling due to their ability to work on multiple processes simultaneously and improve process efficiency. In the automotive industry, the need to move bulk payloads efficiently has resulted in high demand for robotics system integration. The chemical industry also represents a major consumer due to the handling of hazardous materials and the desire to reduce liability and refurbishment costs. In the electrical and electronics industry, the trend towards miniaturization necessitates high throughput and quality, making robots an attractive solution. The industrial machinery industry seeks to reduce worker fatigue, accidents, and costs by automating production processes, including material handling. In the food and beverage industry, robots help improve efficiency in material handling and packaging a variety of SKUs within a short timeframe. Companies like Coop in the food industry have automated their warehousing, distribution, and order fulfillment functions to address labor shortages, increasing wages, and consumer expectations. As the demand for material handling automation continues to grow, manufacturers, system integrators, and consultancies stand to benefit from this trend in industries worldwide.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 – 2022) 

Research Analysis

Robotics system integration refers to the process of bringing together industrial robots, programming software, and infrastructure to create a cohesive automation solution. This market encompasses the integration of units from various robotics manufacturers to meet specific manufacturing tasks in industries such as automotive, electronics, aerospace and defense, and material handling applications. The next generation of robots, including collaborative robots, are driving growth in this sector. Robotic system integrators provide configuration, optimization, hardware, and software solutions to automate processes in manufacturing units. The goal is to improve efficiency, reduce costs, and enhance productivity in the robotic industry. Mesh Engineering, for instance, offers integration services for Robots, Automation, and Infrastructure, enabling seamless communication between hardware and software components.

Market Research Overview

Robotics system integration refers to the process of bringing together industrial robots, collaborative robots (cobots), and related hardware, software, and infrastructure to create a cohesive automation solution. This involves programming, configuration, optimization, and application integration to automate tasks in manufacturing, material handling, automotive, electronics, aerospace and defense, and various industries. The next generation of robots is characterized by advancements in AI, machine learning algorithms, IoT sensors, data analytics, and real-time monitoring. Robotic system integrators play a crucial role in the robotic industry, providing consulting services, infrastructure integration, and productivity improvements, while reducing operational costs and enhancing product quality. The adoption of robotics is accelerating due to advancements in robotics and AI, as well as the need for labor cost savings and dynamic automation solutions. Skilled robotics engineers and technicians are in high demand to meet the increasing demand for robotic systems in manufacturing, logistics, healthcare, defense, IT and telecom, data centers, network management, bomb disposal, reconnaissance, surveillance, banking, financial services, insurance, inspection maintenance, exploration, surgeries, medications, patient care, political stability, and more. Robotic system integration also involves dealing with cyberattacks and ensuring the security of robotic systems.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationMaterial HandlingWelding And SolderingAssembly LineOthersEnd-userElectronicsAutomotiveHealthcareAerospace And DefenceLogistics And OthersGeographyAPACEuropeNorth AmericaSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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This Week in Consumer News: 15 Stories You Need to See

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A roundup of the most newsworthy consumer and retail announcements from PR Newswire this week, including a glimpse at the 2025 USPS stamp collection, a saucy announcement from McDonalds’s and tomato-based “Pizza Wine” from Pizza Hut.

NEW YORK, Nov. 22, 2024 /PRNewswire/ — With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help consumer/retail journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.

The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.

U.S. Postal Service Provides Sneak Peek at 2025 Stamps
“This early glimpse into our 2025 stamp program demonstrates our commitment to providing a diverse range of subjects and designs for both philatelists and stamp enthusiasts,” said Lisa Bobb-Semple, Stamp Services director for USPS.McDonald’s Gets Saucy This Holiday Season to Celebrate the Return of the McRib® Sandwich
Introducing: A Whole Lotta McRib Sauce, a half-gallon jug of the iconic McRib sauce – perfect for holiday parties, festive recipes or the ultimate stocking stuffer for McRib lovers.KIT KAT® Brand Debuts First-Ever Seasonal Shape: KIT KAT® Santas
Available for a limited time only, this new KIT KAT® treat is a festive addition to the brand’s product lineup that is adorned with imprinted boots, a jolly smile and an even crispier wafer-to-chocolate ratio than a traditional KIT KAT® bar.Lovesac Introduces Sactionals Reclining Seat: The World’s Most Innovative Power Recliner
Sactionals owners can now create a couch with as many Reclining Seats as they want – further solidifying the promise that every seat within Sactionals is the best seat in the house.Pizza Hut Launches “Pizza Wine” – A Tomato Wine as Bold as Your Favorite Slice
Pizza Hut unveils their innovative take on the pizza and wine duo to help guests show up as the holiday hero to any party with the Triple Treat Box in one hand and “pizza wine” in the other.CASETiFY Expands Into Travel
CASETiFY is bringing a bold new perspective to the premium travel category with the launch of its most durable, fully customizable, made-to-order luggage collection.Meijer Aims to Provide Four Million Meals to Neighbors in Need this Thanksgiving
From Nov. 24-30, Meijer will donate the equivalent of one meal to Simply Give food pantry partners when a customer’s purchase includes any Meijer brand, Frederik’s by Meijer, True Goodness by Meijer or Purple Cow food item.OpenTable Serves Up 2025 Dining Predictions
“We’re seeing a new age of dining out that is more adventurous than years past, evidenced by diners embracing midweek dining, dining solo or with large groups, or upping the ante with a dining experience,” said Debby Soo, CEO of OpenTable.Zenni Optical and NBA Star Jrue Holiday Team Up to Launch Exclusive Eyewear Collection
Known for his on-court precision and off-court elegance, Jrue brings a fresh and modern approach to eyewear, curating a selection of frames that are practical and fashion-forward.For the 5th Consecutive Year, Hellmann’s Mayonnaise Returns to the Big Game
On February 9, 2025, the MVP condiment brand will show fans how it brings out the best in game day dishes in a :30 spot.Stanley Black & Decker Releases its 2024 “Hosting for the Holidays” Interactive Product Guide to Make Every Room Holiday Ready
The newly released guide allows visitors to virtually walk from room to room, experiencing ways to deck the halls, spread holiday cheer, and spruce up the home in time for the holiday season.Wolverine and Jarritos Unite to Celebrate Heritage and Flavor with Limited-Edition Trade Wedge Boot
Built on the popular silhouette of Wolverine’s Trade Wedge, these limited-edition boots retain all the qualities of this beloved style while infusing the vibrant Jarritos signature lime and mandarin color palette.Nutella® is Partnering with Hallmark Channel to Share the Love this Holiday Season
The beloved hazelnut spread will be featured in the new original Hallmark Channel movie, Deck the Walls, giving families a delicious new recipe to bake together.ALDI Opens First-Ever Charcuterie Chalet Immersive Experience, Bringing Together 90+ Cheeses, Charcuterie & Wines for a Holiday Wonderland
Inside the Charcuterie Chalet, cozy, ski lodge vibes will be met with wall-to-wall charcuterie where guests can feast their eyes – and stomachs – on a curated selection of food and beverage offerings that they can easily recreate at home without busting the holiday budget.Hidden Valley Ranch Unveils Flavor-Packed Holiday Cards
No more stashing holiday cards in your junk drawer or throwing them out in the trash – the NEW “Hidden” Hidden Valley Ranch Holiday Card Collection is meant to be savored once they come off the fridge. Each card in this 8-pack collection comes with a hidden serving of zesty, creamy ranch dressing for recipients to enjoy.

For more news like this, check out all of the latest retail-related releases from PR Newswire.

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Helping Journalists Stay Up to Date on Industry News

These are just a few of the recent press releases that consumers and the media should know about. To be notified of releases relevant to their coverage area, journalists can set up a custom newsfeed with PR Newswire for Journalists.

Once they’re signed up, reporters, bloggers, and freelancers have access to the following free features:

Customization: Users can create customized newsfeeds that will deliver relevant news right to their inbox. Newsfeed results can be targeted by keywords, industry, subject, geography, and more.Photos and Videos: Thousands of multimedia assets are available to download and include in a journalist or blogger’s next story.Subject Matter Experts: Journalists will have access to ProfNet, a database of industry experts to connect with as sources or for quotes in their articles.Related Resources: Our journalist- and blogger-focused blog, Beyond Bylines, features regular media news roundups, writing tips, upcoming events, and more.

About PR Newswire

PR Newswire is the industry’s leading press release distribution partner with an unparalleled global reach of more than 440,000 newsrooms, websites, direct feeds, journalists and influencers and is available in more than 170 countries and 40 languages. From our award-winning Content Services offerings, integrated media newsroom and microsite products, Investor Relations suite of services, paid placement and social sharing tools, PR Newswire has a comprehensive catalog of solutions to solve the modern-day challenges PR and communications teams face. For 70 years, PR Newswire has been the preferred destination for brands to share their most important news stories across the world.

For questions, contact the team at media.relations@cision.com.

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This Week in Finance News: 12 Stories You Need to See

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A roundup of the most newsworthy financial press releases from PR Newswire this week, including updates in cross-border payments and retirement spending, as well as The Economist’s look ahead at 2025.

NEW YORK, Nov. 22, 2024 /PRNewswire/ — With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.

The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.

Chainlink joins Banco Inter, Microsoft and 7Comm consortium to support trade finance use case in phase 2 of Drex pilot
The solution leverages blockchain technology and oracles to automate supply chain management and improve trade finance processes. The goal of the pilot is to demonstrate the automated settlement of agricultural commodity transactions across borders, across platforms, and via different currencies.PayPal PYUSD To Bring Speed and Reduced Costs to Cross-Border Payments with Xoom
These forthcoming integrations will help drive financial inclusion by providing more widespread access to digital financial solutions across Asia-Pacific and Africa. In addition, PayPal will be able to conduct cross-border settlement transactions without being restricted by traditional banking hours.The Great American Group Launches as New Independent Business Following Formation of Partnership between Oaktree and B. Riley
The Great American Group will leverage a 30-year track record to provide industry-leading valuation, appraisal, asset disposition and real estate services.Nordic Capital to acquire Anaqua, a leading global Intellectual Property Management solutions provider
Anaqua’s differentiated solution integrates best-practice workflows, data analytics, foreign filings, and patent and trademark renewal payments into a single, mission critical software platform. This platform offers a unique end-to-end value proposition to streamline operations, inform strategy and empower decision-making around customers’ valuable IP portfolios.The Economist launches The World Ahead 2025-forecasting a year of uncertainty and instability with Trump upending global trade, economics and geopolitics
Commenting on this year’s edition of The World Ahead, editor Tom Standage said, “Donald Trump’s decisive victory and imminent return to the White House will, more than anything else, shape the coming year, with implications in many areas of policy, not just for America, but for the world. What will this mean for global security, the clean-energy transition, international trade and governments’ efforts to cut deficits?”Bethpage Federal Credit Union is Becoming FourLeaf
Bethpage Federal Credit Union, the largest credit union in the Northeast Region, and the 15th largest in the nation with over 480,000 members and $13.4 billion in total assets, is rebranding to become FourLeaf Federal Credit Union. The new name, FourLeaf, represents the credit union’s commitment to growth, prosperity and abundance for its members and the communities it has served for the past 83 years.South Korea’s Hanwha Life to acquire majority stake in U.S.-based Velocity Clearing, allowing both companies to target global markets
Hanwha Life has agreed to acquire a 75% stake in the parent of Velocity Clearing, a U.S.-based global financial services firm. The Velocity Clearing management team will retain the remaining minority stake. With this acquisition, Hanwha Life will secure a foothold in the U.S. financial sector, expanding access to excellent opportunities to maximize the return on investment.Spending Retirement Savings is Keeping Americans Up at Night
Nearly half of America’s retirees (46%) say spending their savings creates anxiety and is having an emotional toll on them and nearly a third (32%) are spending money faster than they expected, according to the most recent chapter of the Alliance for Lifetime Income’s 2024 Protected Retirement Income and Planning (PRIP) Study.Kong Secures $175 Million New Financing at $2B Valuation to Power the API World
Kong will use the new funds to accelerate its global GTM expansion, enhance product innovation with AI-infused capabilities across AI Gateway, Konnect, Insomnia and all its leading API runtimes such as Kong Gateway and Kong Mesh, while investing in the growth of its customer experience teams.Digital News Platform MONIIFY to Deliver Business and Finance Content for Millennials and Gen-Z in Emerging Markets
Founded by serial entrepreneur Naguib Sawiris, MONIIFY aims to empower the next generation of entrepreneurs and investors to make smarter money moves by providing insights and analysis on high-potential regions and sectors, including tech, AI, cryptocurrency, and energy.Benzinga Announces Winners for the 2024 Global Fintech Awards
The prestigious event, held at Convene Brookfield Place in New York City, celebrated innovation, excellence, and outstanding achievements across over 25 categories, recognizing companies and individuals who are shaping the future of financial technology.Altrata Report Finds Billionaires’ Wealth Surged by 9%, Reaching a Record of $12.1 Trillion
North America saw the fastest growth in billionaire numbers of any region in 2023. It now accounts for 33.4% of the global billionaire population.

For more news like this, check out all of the latest finance-related releases from PR Newswire.

Do you have a finance press release to distribute? Sign up with PR Newswire to share your story with the audiences who matter most.

Helping Journalists Stay Up to Date on Industry News

These are just a few of the recent press releases that consumers and the media should know about. To be notified of releases relevant to their coverage area, journalists can set up a custom newsfeed with PR Newswire for Journalists.

Once they’re signed up, reporters, bloggers, and freelancers have access to the following free features:

Customization: Users can create customized newsfeeds that will deliver relevant news right to their inbox. Newsfeed results can be targeted by keywords, industry, subject, geography, and more.Photos and Videos: Thousands of multimedia assets are available to download and include in a journalist or blogger’s next story.Subject Matter Experts: Journalists will have access to ProfNet, a database of industry experts to connect with as sources or for quotes in their articles.Related Resources: Our journalist- and blogger-focused blog, Beyond Bylines, features regular media news roundups, writing tips, upcoming events, and more.

About PR Newswire

PR Newswire is the industry’s leading press release distribution partner with an unparalleled global reach of more than 440,000 newsrooms, websites, direct feeds, journalists and influencers and is available in more than 170 countries and 40 languages. From our award-winning Content Services offerings, integrated media newsroom and microsite products, Investor Relations suite of services, paid placement and social sharing tools, PR Newswire has a comprehensive catalog of solutions to solve the modern-day challenges PR and communications teams face. For 70 years, PR Newswire has been the preferred destination for brands to share their most important news stories across the world.

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X Financial to Hold Annual General Meeting on December 20, 2024

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SHENZHEN, China, Nov. 22, 2024 /PRNewswire/ — X Financial (NYSE: XYF) (the “Company” or “we”), a leading online personal finance company in China, today announced it will hold its 2024 annual general meeting of shareholders at 7/F – 8/F, Block A, Aerospace Science and Technology Plaza, No. 168 Haide Third Avenue, Nanshan District, Shenzhen 518067, China on December 20, 2024, at 10:00 a.m. local time.

No proposal will be submitted for shareholder approval at the annual general meeting. Instead, the annual general meeting will serve as an open forum for shareholders of record and beneficial owners of the Company’s Class A ordinary shares and Class B ordinary shares to discuss Company affairs with management.

The Board has fixed the close of business on December 9, 2024 as the record date (the “Record Date”) for determining the shareholders entitled to receive notice of the annual general meeting or any adjournment or postponement thereof.

Holders of record of the Company’s Class A ordinary shares and Class B ordinary shares at the close of business on the Record Date are entitled to attend the annual general meeting and any adjournment or postponement thereof in person. Beneficial owners of the Company’s ADSs are welcome to attend the annual general meeting in person.

The Company has filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the Securities and Exchange Commission (the “SEC”) on April 29, 2024. The annual report can be accessed on the Company’s investor relations website at https://ir.xiaoyinggroup.com as well as the SEC’s website at https://www.sec.gov. The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request. Requests should be directed to the Company by emailing X Financial Investor Relations at ir@xiaoying.com.

About X Financial

X Financial (NYSE: XYF) (the “Company”) is a leading online personal finance company in China. The Company is committed to connecting borrowers on its platform with its institutional funding partners. With its proprietary big data-driven technology, the Company has established strategic partnerships with financial institutions across multiple areas of its business operations, enabling it to facilitate and provide loans to prime borrowers under a risk assessment and control system.

For more information, please visit: https://ir.xiaoyinggroup.com.

Safe Harbor Statement

This announcement contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “potential,” “continue,” “ongoing,” “targets,” “guidance” and similar statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements that involve factors, risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors and risks include, but not limited to the following: the Company’s goals and strategies; its future business development, financial condition and results of operations; the expected growth of the credit industry, and marketplace lending in particular, in China; the demand for and market acceptance of its marketplace’s products and services; its ability to attract and retain borrowers and investors on its marketplace; its relationships with its strategic cooperation partners; competition in its industry; and relevant government policies and regulations relating to the corporate structure, business and industry. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the SEC. All information provided in this announcement is current as of the date of this announcement, and the Company does not undertake any obligation to update such information, except as required under applicable law.

For more information, please contact:

X Financial
Mr. Frank Fuya Zheng
E-mail: ir@xiaoying.com 

Christensen IR

In China
Mr. Rene Vanguestaine
Phone: +86-178-1749 0483
E-mail: rene.vanguestaine@christensencomms.com 

In US
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: linda.bergkamp@christensencomms.com

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