Jiuzi holdings, inc. awarded subsidies by local government to support sustainable growth

Hangzhou, china, jan. 13, 2022 /prnewswire/ -- jiuzi holdings, inc. (nasdaq:jzxn; the "company"; jiuzi new energy), a new energy vehicles franchisor and retailer under the brand name "jiuzi" in china, today announced that the company has been awarded rmb 10 million cash subsidies by xiaoshan district government of china's hangzhou city as part of the government-led initiatives to recognize achievements by publicly listed companies and facilitate further sustainable growth of such locally headquartered enterprises. xiaoshan government launched a "phoenix action 2.0" incentive plan in early 2021 that aims to encourage and promote local enterprises to gain access to domestic and international capital public markets.
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