Roan Holdings Group Co. Ltd. Reports Fiscal Year 2022 Financial Results.

HANGZHOU, China: Roan Holdings Group Co., Ltd. ("Roan" or the "Company") (OTC Pink Sheets: RAHGF and RONWF), a comprehensive solution provider for industrial operation and capital market services focusing on new energy storage industries and green industries, today reported its financial results for the year ended December 31, 2022.

Key Financial Highlights for the Fiscal Year 2022 as compared to Fiscal Year 2021:

Net revenue from services increased 51% from $0.79 million to $1.20 million.

Operating income increased 23% to $4.45 million, as compared to $3.61 million.

Net loss was $(0.11) million or $0.01 per share, compared to net income of $0.76 million or $0.01 per share.

For the Year ended

December 31,

Variance

($ millions, except per share data, differences due to rounding)

2022

2021

Amount

%

Net revenues from services

$

1.20

$

0.79

$

0.41

51

%

Operating income

4.45

3.61

0.84

23

%

Net (loss) income

(0.11)

0.76

0.87

-114

%

Loss (Earnings) per share

(0.01)

0.01

0.02

-200

%

Mr. Junfeng Wang, Chairman of the Board commented, " The fiscal year of 2022 signified a pivotal moment for Roan, as we achieved a 51% growth in revenues from services, predominantly driven by the expanding contributions of our industrial operation services. Our strategic emphasis lies in new energy industries and related green industries, initiating and developing our industrial investment and operation services in Zhejiang province as a starting point, and actively expanding into the Yangtze River Delta Region. We plan to further extend our reach to economically developed areas such as the Pearl River Delta Region, and Central China, and then continue to expand into green energy hub regions in Western China. Furthermore, 2022 marked a crucial milestone for Roan as we broadened our industrial operation services to the semiconductor sector, established strategic cooperation with international companies, and diversified our revenue streams."

"Our forward-looking strategy centers around exploring opportunities in whole-process industrial operation services and consistently delivering exceptional value to our partners. By transitioning from our original financial service model to a focus on industrial operation services for the new energy market, we aim to further emphasize long-term sustainable opportunities while striving to achieve excess returns on project equity investments and management in the capital market. Our industrial investment and operation services are...