Nisun International Enterprise Development Group Co. Ltd. announced that it reached a preliminary agreement with the government of Tai'an, Shandong province, to form a new subsidiary, Nisun Industry Development Co. Ltd. As part of its strategic plan for the year 2021, Nisun Industry Development Co. Ltd. will act as a key operations platform and holding platform for all of Nisun's existing Chinese subsidiaries. The new subsidiary is expected to be operational in the Spring 2021.