SOS Ltd. Announces its Addition of Insurance Brokerage Business
QINGDAO, China, Aug. 19, 2020 /PRNewswire/ -- SOS Limited, (NYSE: SOS) today announced that it has acquired its insurance brokerage qualifications in China through the acquisition of Inner Mongolia Post Insurance Agency Co., Ltd. In March 2020, SOS Information Technology Co., Ltd. ("SOS"), the Company's wholly owned subsidiary, entered into an agreement with China Post Group Corporation ("China Post"), the state-owned enterprise operating the official postal service of China, to acquire 100% of the equity interests of Inner Mongolia Post Insurance Agency Co., Ltd., an indirect subsidiary of China Post. Thereafter, Inner Mongolia Post Insurance Agency Co., Ltd. became a wholly owned subsidiary of SOS and was officially renamed as Inner Mongolia SOS Insurance Agency Co., Ltd.