Code Chain New Continent Limited Announces Proposed Public Offer to Purchase Common Shares and Warrants

NEW YORK, December 9, 2021 / PRNewswire / – Code Chain New Continent Limited (the “Company” or “Code Chain” or “We”) (NASDAQ: CCNC), a vertically integrated cryptocurrency miner, today announced its intention to offer common shares and warrants to purchase common shares under a proposed binding takeover bid. The Company intends to use the net proceeds to purchase cryptocurrency mining equipment and for working capital and general business needs. The Offer is subject to market conditions, and there can be no assurance as to whether or when the Offer may be made, or as to the size or actual terms of the Offer.

Aegis Capital Corp. acts as the only accounting manager of the offer.

This offering is made in accordance with a registration statement in effect on Form S-3 (No. 333-254366) previously filed with the United States Securities and Exchange Commission (the “SEC”) and declared effective by the SEC on March 26, 2021. A preliminary prospectus supplement and accompanying prospectus outlining the terms of the proposed offer will be filed with the SEC and will be available on the SEC’s website at Electronic copies of the preliminary prospectus supplement and accompanying prospectus can be obtained, when available, by contacting Aegis Capital Corp., Attention: Syndicate Department, 810 7th Avenue, 18th floor, New York, New York State 10019, by email at [email protected], or by phone at (212) 813-1010. Before investing in this offering, interested parties should read the entire Prospectus Supplement and accompanying Prospectus and other documents the Company has filed with the SEC which are incorporated by reference in this Prospectus Supplement. and the accompanying prospectus, which provide more information about the Company and this offer.

This press release does not constitute an offer to sell or the solicitation of an offer to buy and there will be no sale of such securities in any state or jurisdiction in which such an offer, solicitation or sale would be illegal. prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Code Chain New Continent Limited

Code Chain New Continent Limited engages in the research, design and development of electronic tokens that combine the five W elements (when, where, who, why, what), geographic location through the Beidou satellite system and information from Identity Using Code Chain Technology. Electronic tokens are unique, tradable, and inheritable digital assets and cannot be tampered with. Electronic tokens are based on and stored in the code chain system and can be used to monitor and document all kinds of consumer behavior involving code analysis. The company recently branched out into digital currency mining and committed to becoming a vertically integrated cryptocurrency miner.

Safe Harbor declarations

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including certain plans, expectations, objectives and projections, which are subject to numerous assumptions, risks and uncertainties. These forward-looking statements may include, but are not limited to, statements containing words such as “could”, “could”, “could”, “would plan”, “anticipate”, “believe”, “estimate”, “predict” , “Potential”, “expects”, “intention”, “future” and “direction” or similar expressions. These forward-looking statements speak only as of the date of this press release and are subject to change at any time. These forward-looking statements are based on management’s current expectations and are subject to a number of risks, uncertainties and contingencies, many of which are beyond the control of the Company and which may cause actual results to occur. , activity levels, performance or achievements differ materially from any future results, activity levels, performance or achievements expressed or implied by such forward-looking statements. The actual results of the Company could differ materially from those contained in the forward-looking statements due to a number of factors, including those described under the heading “Risk Factors” in the Company’s public documents with the Securities and Exchange Commission, including the Company’s annual report on 10-K. The Company assumes no obligation to update or revise forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

Investor contact:

New Continent Limited code string
[email protected]


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