LETHAM, Scotland, Aug. 12,
2024 /PRNewswire/ -- MDJM LTD (Nasdaq: MDJH) (the
"Company" or "MDJM"), an integrated global culture-driven asset
management company, announced today the appointment of Dr.
Pei-Kai Cheng to the Expert
Committee of its wholly owned subsidiary, MD Local Global Limited,
a United Kingdom Company. Dr. Cheng's involvement marks a
significant enhancement to MDJM's ongoing cultural projects in the
UK, where his expertise will play a crucial role in the strategic
planning, design, construction, and operation of these
initiatives.
Dr. Pei-Kai Cheng, a highly
respected scholar, holds a Ph.D. in History from Yale University and completed postdoctoral research
at Harvard University. Throughout his
distinguished career, Dr. Cheng has served at prestigious
institutions such as New York
University, Yale University, and
the University of Hong Kong. His
leadership roles include serving as Chairman of the Hong Kong
Intangible Cultural Heritage Advisory Committee and Chairman of the
Hong Kong Branch of the Chinese
Folk Literature and Art Association. His research encompasses the
history of Chinese cultural consciousness, artistic creation,
appreciation, and the intricate relationship between cultural
aesthetics and artistic criticism.
Dr. Cheng's appointment is expected to provide substantial
support to MDJM's UK cultural projects. His expertise is expected
to be instrumental in promoting the cultural value and appreciation
of these projects, in order to facilitate the integration of
cultural and artistic resources, and advancement of cultural
education initiatives. Additionally, it is anticipated that Dr.
Cheng will play a key role in fostering East-West cultural
exchange, further contributing to MDJM's vision for global cultural
and artistic dialogue. MDJM will compensate Dr. Cheng through the
issuance of company shares, as consideration for his contributions
to the Company's cultural initiatives.
As MDJM continues to advance its new business initiatives, the
Company is gradually implementing projects, such as TestBed2 in
Chongqing, which focuses on urban
renewal and cultural integration, the commencement of which was
announced on July 8, 2024, and its
collaboration with Miansu artist Mingyuan
Chen, announced on April 24,
2024, which highlights traditional Chinese art in modern
contexts. Dr. Cheng's expertise is expected to help elevate
these ongoing and future projects, to aid in their successful
realization and enhance their global cultural impact.
"We are privileged to have Dr. Pei-Kai
Cheng join our team. We anticipate that his profound
knowledge and experience in Chinese culture will be invaluable as
we continue to develop our cultural projects," said Mr.
Siping Xu, Chairman and Chief
Executive Officer of MDJM. "MDJM remains committed to expanding its
cultural business, with plans to launch exhibitions, forums, art
product trading, cultural tourism, and education initiatives
through collaborations with global cultural figures."
About MDJM LTD
MDJM LTD is a global culture-driven asset management company
focused on transforming historical properties into cultural hubs
that blend modern digital technology with rich historical value.
The Company is actively expanding its operations in the UK, where
it is developing projects such as Fernie
Castle in Scotland and the
Robin Hill Property in England.
These properties are being remodeled into multi-functional cultural
venues that will feature fine dining, hospitality services, art
exhibitions, and cultural exchange events. As part of its broader
strategy, MDJM is positioning itself as a hub for artisan
exchanges, art shows, and sales, leveraging its historical
properties as platforms for promoting Eastern and Western cultural
exchanges. This initiative reflects the Company's commitment to
furthering its global market expansion and enhancing its cultural
business footprint. For more information regarding the Company,
please visit http://ir.mdjmjh.com.
Forward-Looking Statements
This announcement contains forward-looking statements. All
statements other than statements of historical fact in this
announcement are forward-looking statements. These forward-looking
statements involve known and unknown risks and uncertainties and
are based on current expectations and projections about future
events and financial trends that the Company believes may affect
its financial condition, results of operations, business strategy,
and financial needs. Investors can identify these forward-looking
statements by words or phrases such as "may," "will," "expect,"
"anticipate," "aim," "estimate," "intend," "plan," "believe,"
"potential," "continue," "is/are likely to" or other similar
expressions. The Company undertakes no obligation to update
forward-looking statements to reflect subsequent occurring events
or circumstances, or changes in its expectations, except as may be
required by law. Although the Company believes that the
expectations expressed in these forward-looking statements are
reasonable, it cannot assure you that such expectations will turn
out to be correct, and the Company cautions investors that actual
results may differ materially from the anticipated results and
encourages investors to review other factors that may affect its
future results in the Company's annual report on Form 20-F and its
other filings with the U.S. Securities and Exchange
Commission.
Investor Contact:
Sherry Zheng
Weitian Group LLC
Email: shunyu.zheng@weitian-ir.com
Phone: +1 718-213-7386
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SOURCE MDJM LTD
