READEN HOLDING CORPORATION (OTC PINK: RHCO) ANNOUNCES FILING OF JUNE 30, 2022 ANNUAL FINANCIAL STATEMENTS WITH OTC MARKETS, REVENUE UP 283%

READEN HOLDING CORPORATION (OTC PINK: RHCO) ANNOUNCES FILING OF JUNE 30, 2022 ANNUAL FINANCIAL STATEMENTS WITH OTC MARKETS, REVENUE UP 283%

READEN HOLDING CORPORATION (OTC PINK: RHCO), a Venture Capital Corporation which is active in the Fintech, Online Payment and E-commerce industries, today announced that the Company has filed its financial statements for the year ending June 30, 2022 with OTC Markets Disclosure & News Service.

RHCO reported an increase in Revenue of 283% compared to 2021. The Company also achieved impressive Earnings from Operation, up 25% year-over-year. Yet the Company recorded a loss in Net Profit due to the underperformance of the share price in Tianrong Medical Group, Inc. (OTC: TNMD).

The increase in Revenue and Earnings from Operation is a result of RHCOs continuing effort to transform itself into a Fintech enterprise. With the synergy of the Companys fully owned OkePay, OkeApp and Readies, RHCO has prepared extremely well for the huge growth in E-payment sector globally. Readies the E-voucher solution has already contributed significantly to the Companys revenue last year, and OkePay is expected to outperform Readies with the full launch of OkeApp in 4Q of 2022. The Company has recently revised the financial forecast of OkeApp to achieve higher revenue as new features of Oke Travel Club and E-doctor will be added to the super App.

E-commerce and Retails section of RHCO is also welcoming a bright future, with both Neckermann Direct and Two Percent are fully operating. RHCO has successfully transformed the 90 years old retail brand Neckermann into a B2C E-commerce Platform, and it is bringing Asian products to European customers. Thousands of popular products are added to the platform every day as RHCO has made arrangement with AliExpress to fulfill cross-border orders. Two Percent, on the other hand, are shipping European high brand products to Asian customers. Hundreds of world-famous brands fashion, cosmetic and skin cares products can be purchased online and shipped worldwide, with crazy discount price and free shipping. The increase popularity of Neckermann Direct and Two Percent will also promote the usage of OkePay and OkeApp.

Other revenue is also expected from the Companys recent investment in ANGELO MERMER MADENCLK LMTED RKET, the largest holder of marble reserves in Turkey. It operates an onyx marble mine located in Manisa, Turkey, and its economically recoverable high-grade reserve amount to 1 million tons which is about 5% of the worlds total onyx reserves. Based on the valuation report of Baker Tilly as of 31 March 2021, the total investment value of ANGELO MERMER was valuated at more than USD 1 billion. RHCO now holds 5% of total ANGELO MERMER shares. This investment has already brought RHCO earnings, but it has not yet reflected on the balance sheet. RHCO also has the right to handle the sales and export of ANGELO MERMERs raw onyx marble blocks into China. Such exporting operations have started recently, with marble blocks being sold and shipped to China, Italy and Spain. This will bring significant income to the group.

The only investment that hit RHCO with a loss was TNMD. RHCO acquired 2.2 million shares of TNMD in 2021 which equals to 0.5% of TNMD total shares. The technology company owns the largest railway Wi-Fi media platform HuanMedia in China, yet its business has suffered during Covid time thus the share price dropped drastically.

Richard Klitsie, CEO of RHCO stated, For the past year, RHCO has taken many steps to clear up our business, focusing more on Fintech, Online Payment and E-commerce industries, and developing our own technology and solutions. This has been a year of digging, seeding, watering and fertilizing, and we believe the harvest days are coming. Our team is working hard every day to enhance every details of our business. We are on the right track and looking forward to our up-listing process to be completed very soon.

Readen Holding Corp. (www.readenholdingcorp.com) is a publicly traded Venture Capital Corporation, with major holdings in the Fintech Industry and has been increasing its investment in E-commerce and E-payment sectors, such as;

OkePay: www.okepay.biz

OkePay VPOS: www.okepay.biz/vpos

OkeApp: www.okepartners.com

Oke Travel Club: www.oke-travel.com

OkToken: oktoken.biz

Readies: www.readies.biz

Neckermann: www.neckermanndirect.eu

Two Percent: www.twopercent.hk

Fligro: www.fligrofood.com

RHCO is a diversified holding company, with an operating history of over 30 years, which seeks opportunities to acquire and grow businesses that can generate long-term sustainable free cash flow and attractive returns, in order to maximize value for all shareholders. RHCO has subsidiaries and liaison offices in Europe and Asia.

For further information please contact RHCO at info@readenholdingcorp.com

or +852 3950 5911

The RHCO corporate email address is info@readenholdingcorp.com

The RHCO corporate website can be accessed at www.readenholdingcorp.com

The RHCO Twitter account can be accessed at https://twitter.com/readenrhco

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that, all forward-looking statements involve risks and uncertainties, including without limitation, the ability of Readen Holding Corp. to accomplish its stated plan of business. Readen Holding Corp. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward- looking statements included herein, the inclusion of such information should not be regarded as a representation by Readen Holding Corp. or any other person.

Contact

Readen Holding Corp.

info@readenholdingcorp.com

+852 3950 5911

Readen Holding Corp., RHCO announcement