Powerbridge Technologies has announced a strategic joint venture to establish Agro Digital Fintech Co., Ltd. ("Agro Digital or the Company"), a fintech and asset digitization company focused on the agriculture and livestock farming industries. The Company aims to create a robust digital financial ecosystem that drives value creation and leverages China's Rural Revitalization Initiative ("the Initiative"). The Initiative is a long-term development plan aimed at promoting economic growth, improving living standards, and addressing the challenges faced by rural areas in the country, including poverty alleviation, infrastructure development, agricultural modernization, rural entrepreneurship, and improvement of social services.

The Initiative is focused on bridging the economic and social gap between rural and urban areas, promoting sustainable agriculture, and enhancing the overall well-being of rural communities. The market size brought by the Initiative is expected to reach approximately 4.5 Trillion U.S. Dollars by 2025. Agro Digital utilizes advanced technologies such as IoT, blockchain, AI, and big data to build an innovative fintech platform helps drive the digital transformation of the agriculture and livestock industries, enabling the digital encapsulation of production and transaction processes.

By leveraging digital data, the Companyassists customers enhancing their financial profiles and improving their access to credit and financial services. The platform also allows financial institutions and funders to gain a comprehensive understanding of customers' businesses, leading to more accurate risk assessments and tailored financial services solutions.