PBST) (“Powerbridge” or “Company”), a global merchant software application and technology services firm, announced today that its cross-border SaaS e-commerce platform has officially launched and started processing orders. “Data-reactid =” 11 “>ZHUHAI, CHINA / ACCESS / January 23, 2020 / Powerbridge Technologie Co., Ltd. (NASDAQ: PBTS) (“Powerbridge” or “Company”), a global provider of software applications and technology services, announced today that its cross-border SaaS e-commerce platform has officially launched and began processing orders. .

The Powerbridge SaaS Cross-Border e-Commerce Platform (“Powererbridge Cross-Border Platform”) is a strategic partnership with the Macao Supply Chain Association and the Macao Chamber of Commerce in Portuguese-speaking countries. The partnership seeks to manage Macao’s cross-border business transactions and supply chain integration services through the Powerbridge cross-border platform. Cross-border orders are now available through Macau Wang Gei Hang’s online APP. Macao Wang Gei Hang has been established since 1975 and is the first provider through the cross-border e-commerce platform in Macau.

In addition, Powerbridge has successfully developed a collaborative partnership with one of China’s leading e-commerce companies. The partnership is promoting the Powerbridge Cross-Border Platform at Zhuhai Cross-Border Industrial Zone, a newly recognized Cross-Border Service Port.

The Powerbridge cross-border platform provides greatly enhanced convenience and helps improve cross-border business activities by connecting trading participants and providing one-stop services such as cross-border bonded warehouse services, customs clearance services as well as logistics and financial services to businesses,

Moreover, the cross-border pet food platform, the newly developed Powerbridge pet platform, is successfully running online and completing its first order series. This platform was developed by Powerbridge and cooperatives with 28 International Ltd. to take advantage of China’s fast-growing pet food market. The cross-border pet supply chain platform has expanded operations to Ningbo port, Weihai port, Jiujiang port and Xiamen port and is currently expanding to other eleven ports in China. The market size of the Chinese pet industry was up to USD 25 billion, up from triple the number in 2013. The market size foreseen in 2023 will be approximately USD 68.45 billion.

Stewart Lor, President and Chief Financial Officer of Powerbridge Technologies, commented: “We are delighted to have reached this milestone. This shows that our efforts in the new business segment are beginning to pay off and our successful transformation into a SaaS platform business. We expect our venture into cross-border e-commerce services that will bring significant growth to the business. We want to thank our strategic partners and partners for launching our cross-border platforms and already completing transactions across our platforms. “

PBST) is a provider of software applications and technology solutions and services to corporate and government customers located mainly in China. Founded in 1997, Powerbridge pioneered global trade software applications with the vision to facilitate global trading operations for customers. Since its inception, Powerbridge has continued to innovate and provide solutions and services to accommodate the changing needs of thousands of customers. Powerbridge’s mission is to facilitate global trade by empowering all players in the ecosystem. For more information, visit www.powerbridge.com/en“data-reactid =” 18 “> Powerbridge Technologies Co., Ltd. (Nasdaq: PBTS) is a provider of software applications and technology solutions and services to corporate and government customers located mainly in China. Founded in 1997, Powerbridge has been a leading a global software maker with a vision to facilitate global merchandising for customers Powerbridge has continued to innovate and deliver solutions and services to meet the changing needs of thousands of customers since its inception. For more information, visit www.powerbridge.com/en

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking reports include statements regarding plans, goals, objectives, strategies, future events or results, and underlying assumptions and other statements that are not statements of historical facts. When the Company uses words such as “may,” will, “will,” intend, “should,” “believe,” “expect,” “anticipate,” “project,” “evaluate,” or similar terms that do not refer only to historical importantly, it makes statements in the future; specifically, the company’s statements regarding listing on the NASDAQ Capital Market and IPOs are forward-looking statements. Forward-looking statements do not guarantee future business and involve risks and uncertainties that may cause actual results to differ materially from the Company’s expectations in the forward-looking statements. These statements are subject to uncertainties and risks that include, but are not limited to, the following: the Company’s goals and strategies; future business development of the Company; demand and acceptance of the product and service; changes in technology; economic conditions; reputation and brand; the impact of competition and prices; government regulations; fluctuations in the general economic and business conditions in China and assumptions that are substantially or related to any of the foregoing and other risks contained in the Company’s reports with the SEC. For these reasons, investors are warned, among other things, that this statement does not transcribe any forward-looking statements. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly audit these forward-looking statements to reflect events or events occurring after the date of this Agreement.



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