Tenet Expands Business Hub(TM) Capabilities with Opportunities for Freight Trucking Industry

TORONTO, ON – (Newsfile Corp. – March 21, 2022) – Tenet Fintech Group Inc. (CSE: PKK) (OTC Pink: PKKFF) (“Tenet” or the “Company”), an innovative fintech and AI services provider and manager of the Business Hubs™, announced today that it has launched Yun Fleet Platform as part of its Chinese Business Hub™ ecosystem to provide shipping and transportation capabilities for China’s freight truck industry resulting from transactions conducted on the hub.

Road freight is the most famous way of freight transportation in China. China has one of the largest road networks in the world, second only to the United States. Ten ports in mainland China are among the top 30 container ports in the world, with the port of Shanghai being by far the busiest in the world. Increasing domestic growth and rapidly developing road infrastructure are expected to benefit China’s truck industry for years to come. Industry revenue is expected to reach $127 billion in 2022, according to global research firm IBISWorld. However, despite its impressive profile, the industry suffers from various shortcomings. Trucks move more than 80 percent of the country’s goods, but the trucking industry remains highly fragmented and inefficient. The South China Morning Post estimates that there are between 18 and 30 million truck drivers in China. Most of them are owner-managed truck drivers who own more than 90 percent of the trucks on the road. These trucks sit empty about 40% of the time because their owners spend an average of three days locating shipments for them.

“Road freight transport plays a crucial role in China’s economy, affecting virtually every industry, from agriculture to construction, manufacturing and retail,” commented Liang Qiu, CEO of Tenet China. “As our Business Hub™ ecosystem continues to expand and become involved in more and more industries, it facilitates more and more transactions and inevitably generates an increasing number of shipping opportunities. The idea behind the Yun Fleet platform is to invite the country’s millions of owner-managed truck drivers to join the platform to potentially be matched with the shipping opportunities created by the hub. While Tenet isn’t the first company to address the inefficiencies in China’s cargo truck industry and trying to solve them, but this loan would have to go to Complete Truck Alliance platform, the fact that we generate shipping options instead of having to search for them will allow us to work in partnership with other shipping platforms instead of competing with them. Ultimately, our goal remains the same, which is to attract as many companies as possible to our Business Hub™ ecosystem. The launch of the Yun fleet platform provides us with another opportunity to achieve this goal while further expanding the capabilities of the hub.”

Yun Fleet assigns shipping options to freight truckers based on factors such as proximity, fleet availability, whether air conditioning is required, and a variety of other factors to optimize cost and time efficiencies for carriers and truck drivers alike. In addition to shipping options, Yun Fleet members are also entitled to other Business Hub™ services, including financing and insurance services.

Update on the 2021 financial statements

Tenet also announced today that it will file its 2021 year-end audited financial results on April 29, 2022.

About Tenet Fintech Group Inc.:

Tenet Fintech Group Inc. is the parent company of a group of innovative financial technology (fintech) and artificial intelligence companies. Tenet’s subsidiaries offer various analytics and AI-based services to financial institutions and corporations through the Business Hub™, an ecosystem that uses data analytics and artificial intelligence to facilitate transactions among its members. For more informations: http://www.tenetfintech.com.

For more information, please contact:

CHF capital markets
Cathy Hume, CEO
416-868-1079 ext.: 251

MZ Group – MZ North America
Mark Schwalenberg, CFA

Tenet fintech group
Barry Ellison, Director of Marketing and Communications
514-340-7775 ext.: 521

Follow Tenet Fintech Group Inc. on social media:

Twitter: @tenetfintech
Facebook: @tenetfintech
LinkedIn: Tenet Fintech
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Forward-Looking Statements/Information:

This press release may contain certain forward-looking information, including statements relating to business and operating strategies, plans and prospects for revenue growth, and plans for public listing, using words such as “anticipate”, “believe”, “may”, “expect”, “intend”. ‘, ‘may’, ‘plan’, ‘potential’, ‘project’, ‘aim’, ‘should’, ‘will’, ‘would’ and similar expressions intended to identify a number of these forward-looking statements . Forward-looking information reflects current views with respect to current events and is not a guarantee of future performance and is subject to risks, uncertainties and assumptions. The Company undertakes no obligation to publicly update or review any forward-looking information contained in this press release, except as required by applicable laws, rules and regulations. Readers are urged to consider these factors carefully in evaluating any forward-looking information.

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