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Rosemead, California, April 09, 2018 -- Hartford Retirement Network Corp. (OTC:HFRN), a leading retirement service provider and the retirement facility management company in China, announced today, HFRN has entered into a Securities Purchase Agreement with HQDA International Holdings Limited, a Hong Kong company (HQDA), for the sale of 47,500,000 shares of its common stock for an aggregate of US$7,124,109. HQDA will be a majority shareholder of HFRN after this closing.
HQDA is a company established in 2012 focusing on the senior-care industry investment and operation management. It provides high quality service within the Chinese senior-care industry. Mrs. Ziyun Xu, chairperson of HQDA, highly valued this acquisition of HFRN, stating that "I am really looking forward to helping to build the future of HFRN, and truly believe that this transaction will facilitate the development of both HFRN and HQDA, and we will take great effort to expand our business in the international space."
Mr. Lianyue Song, the President and the Chief Executive Officer, stated, “I am pleased to announce that we achieved a big step strategically and welcome HQDA to be on board and we will establish a stronger team to accomplish our common goals in the huge retirement service market in the near future, not only in China, but also in the world.”
About Hartford Retirement Network Corp.
Hartford Retirement Network Corp. develops and markets retirement services and products primarily in China. It has an integrated network platform with proprietary technologies to serve its clientele both in China and USA. The company was founded in 2004 and is based in Rosemead, California, USA.
For more information on Hartford Retirement Network Corp. and its services, please refer to the Company’s website at www.hfrn.us or the Company filings with the United States Securities and Exchange Commission, available for free at www.sec.gov.
Contact: Jimmy Zhou Tel.: 626 703-4228
