TKAT Provides Update Of The NFT Trading Platform

New York, May 05, 2022 (GLOBE NEWSWIRE) – – Takung Art Co., Ltd. (NYSE American: TKAT) (“Company” or “TKAT”), as an arising web based exchanging stage administrator of worldwide craftsmanship and collectibles, gave an update of its recently sent off NFT exchanging stage at www.nftoeo.com.

Since its send off, there have been in excess of 60 items recorded on the stage and in excess of 107 new enlisted clients, having produced around 40 transactions.

Co-CEO Kuangtao Wang remarked, “we have been working hard to implement the blockchain NFT business since July 2021. The launch of our own NFT platform and completion of transactions on the platform solidified our business strategy. We will further promote our platform in order to further stimulate the sustainable growth of our business.”

Pursuant to the revelation prerequisites of the NYSE American Company Guidelines Sections 401(h) and 610(b), TKAT is announcing that its inspected budget summaries for the financial year finished December 31, 2021, remembered for the Company’s Annual Report on Form 10-K documented with the Securities and Exchange Commission on April 15, 2022, contains a review assessment from its autonomous enrolled public bookkeeping firm that incorporates an illustrative passage connected with TKAT’s capacity to go on as a going concern. This declaration addresses no change or alteration to the Company’s budget summaries or to its Annual Report on Form 10-K for the financial year finished December 31, 2021.

Mr. Jianguang Qian, CFO of the Company remarked, “we will make every endeavor to use the proceeds received in our recent financing and future financing activities to reduce our liabilities and increase revenue to cure the going concern.”

About TKAT

Takung Art Co Ltd. works a web-based electronic stage (www.nftoeo.com) for offering and exchanging of computerized fine art. Through its foundation, the Company permits craftsmen/workmanship vendors/proprietors to get to a lot greater craftsmanship exchanging market where they can draw in with a wide scope of financial backers. It creates income as administrations regarding the contribution and exchanging of fine art on its foundation, basically comprising of posting expenses, exchanging commissions, and the executives charges. Kindly visit: www.nftoeo.com.

Forward-Looking Statements Certain assertions in this public statement might comprise “forward-looking statements” inside the importance of the Federal Securities Act, including yet not restricted to our assumptions for future monetary execution, business technique or business. These assertions comprise conjectures, prospects and forward-looking proclamations and are not execution ensures. TKAT cautions that forward-looking explanations are dependent upon numerous suspicions, dangers and vulnerabilities that will change over the long run. Forward looking articulations might be distinguished by words, for example, “may”, “can”, “should”, “will”, “estimate”, “plan”, “project”, “forecast”, “intend”, “expect”, “predict”, “believe”, “seek”, “target”, “Outlook” or comparative words.

These forward-looking proclamations depend on data accessible as of the date of this official statement and our administration’s ongoing assumptions, conjectures and suspicions, and include various decisions, dangers and vulnerabilities that might make genuine outcomes or execution be substantially not the same as those communicated or suggested by these forward-looking statements.

These dangers and vulnerabilities incorporate, yet not are restricted to, the gamble factors portrayed by TKAT in its filings with the Securities and Exchange Commission (“SEC”). These gamble variables and those recognized somewhere else in this official statement, among others, could make genuine outcomes contrast substantially from verifiable execution and incorporate, however are not restricted to:

Changes in the nearby legislatures’ arrangements and administrative oversight of blockchain and NFT commercial center operations;TKAT’s consultancy administration, NFT commercial center and blockchain-based internet games organizations are still a work in progress, with numerous vulnerabilities later on bearing and combination of these different business segments;Failure to deal with the recently sent off NFT commercial center business effectively;The quick improvement of the new advances supporting blockchain and NFT and TKAT’s capacity to investigate these new innovations and apply them creatively to keep its items and administrations competitive;Loss of key clients in the blockchain and NFT related business; andother dangers and vulnerabilities demonstrated in TKAT’s SEC reports or archives recorded or to be documented with the SEC by TKAT.

Accordingly, forward-looking articulations ought not be depended upon as addressing our perspectives as of any resulting date, and you shouldn’t put excessive dependence on these forward-looking explanations in choosing whether to put resources into our protections. We embrace no commitment to refresh forward-looking proclamations to reflect occasions or conditions after the date they were made, whether because of new data, future occasions etc., besides as might be expected under relevant protections laws.

SOURCE TKAT

Byron Qian byronqian@163.com +8613020144962

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