Jiuzi holdings, inc. enters into an equity acquisition agreement to acquire automobile sales serviceshop operator under top china automaker geely auto's premium electronic vehicle brand geometry

Hangzhou, china , april 26, 2022 /prnewswire/ -- jiuzi holdings, inc. (nasdaq: jzxn; the "company"), a new energy vehicles franchisor and retailer under the brand name "jiuzi" in china, today announced that, on april 11, 2022, the company, through its subsidiary hangzhou jiuyao new energy automobile technology co. ltd. ("hangzhou jiuyao"), has entered into an equity acquisition agreement (the "agreement") to acquire 72.05% equity interest in an automobile sales service shop operator, huizhou jiwo automobile sales service co. ltd.
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