LETHAM, Scotland, Jan. 23,
2024 /PRNewswire/ -- MDJM LTD (Nasdaq: MDJH) (the
"Company" or "MDJM"), an integrated global culture-driven asset
management company, today issued the following letter to
shareholders from its Chairman and CEO, Siping Xu, providing an update on the Company's
strategic shift since August 2022,
which has been focusing on the integration of cultural arts and
hotel services in the UK market, along with its vision for global
expansion and value creation.
Dear Shareholders:
In 2023, MDJM has endeavored to continue to enhance our
offerings in the cultural arts sector, in line with our strategic
pivot towards the UK market. This focus includes a variety of
activities integral to our asset management approach, such as
cultural operations, historical asset acquisitions, cultural
tourism, and educational experiences. Our dedication to these areas
is a direct extension of our ongoing commitment to promoting unique
cultural heritage and bolstering our competitive standing.
Key Developments and Achievements in 2023
Robin Hill Hotel
In March 2023, we celebrated the
successful opening of Robin Hill Hotel, following its acquisition
in December 2022. Maintaining its
Victorian charm in Torquay,
England, the hotel has become a beacon of our commitment to
integrating historical heritage with modern luxury and cultural
depth.
Fernie Castle
Our acquisition in August 2022 and
subsequent renovation of Fernie
Castle have transformed it into a unique destination.
Fernie Castle, nestled in the heart
of Fife, Scotland, has been
rejuvenated to serve both as our headquarters for iconic assets as
well a hub for cultural heritage. The introduction of unique
service offerings, such as castle-themed wedding services and the
Fernie Castle Treehouse, have been significant in creating
immersive cultural experiences for our guests.
Future Outlook and Vision
Looking to the future, we are enthusiastic about the potential
of these and other properties in our portfolio. Our integration of
modern digital technology with these historical sites is aimed at
creating unique assets that balance historical significance with
contemporary practicality. We have enhanced our properties with
advanced systems and interactive platforms, which we expect to
enable us to improve operational efficiency and enrich guest
experiences. We believe that this innovative approach is pivotal to
our vision of creating assets that are both historically
significant and practically valuable in today's digital age. Moving
forward, we also plan to establish partnerships with renowned
architectural and design institutions, as we seek to establish
culturally rich and architecturally notable hotels globally.
As we continue our journey in 2024, we remain committed to
developing locally immersive tourism experiences utilizing
historical properties as platforms for cultural education. This
approach aligns with our global expansion strategy, through which
we aim to diversify our service offerings in the cultural and
hospitality sectors worldwide. We believe that MDJM is poised for
continued growth and is dedicated to enhancing its services,
capacities, and competitiveness through a comprehensive strategy.
We are striving to evolve into a more integrated, globalized, and
culture-driven asset management company with a strong emphasis on
specialty hotels, tourism, and cultural markets across Europe and beyond.
Sincerely,
Mr. Siping Xu
Chairman and CEO
About MDJM LTD
MDJM expects to focus on international expansion for the
development of real estate-related hospitality, butler services and
more. For more information regarding the Company, please visit
http://ir.mdjmjh.com.
Forward-Looking Statements
This announcement contains forward-looking statements. All
statements other than statements of historical fact in this
announcement are forward-looking statements. These forward-looking
statements involve known and unknown risks and uncertainties and
are based on current expectations and projections about future
events and financial trends that the Company believes may affect
its financial condition, results of operations, business strategy,
and financial needs. In addition, there is uncertainty about the
further spread of the COVID-19 virus or new variants thereof, or
the occurrence of another wave of cases and the impact it may have
on the Company's operations. Investors can identify these
forward-looking statements by words or phrases such as "may,"
"will," "expect," "anticipate," "aim," "estimate," "intend,"
"plan," "believe," "potential," "continue," "is/are likely to" or
other similar expressions. The Company undertakes no obligation to
update forward-looking statements to reflect subsequent occurring
events or circumstances, or changes in its expectations, except as
may be required by law. Although the Company believes that the
expectations expressed in these forward-looking statements are
reasonable, it cannot assure you that such expectations will turn
out to be correct, and the Company cautions investors that actual
results may differ materially from the anticipated results and
encourages investors to review other factors that may affect its
future results in the Company's annual report on Form 20-F and its
other filings with the Securities and Exchange Commission.
Investor Contact:
Sherry Zheng
Weitian Group LLC
Email: shunyu.zheng@weitian-ir.com
Phone: +1 718-213-7386
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SOURCE MDJM LTD