READEN HOLDING CORPORATION (OTC PINK: RHCO) ANNOUNCES FLIGRO’S NEW DISTRIPUTORSHIP OF TAX-FREE PRODCUTS TO ASIAN MARKET

READEN HOLDING CORPORATION (OTC PINK: RHCO) ANNOUNCES FLIGRO'S NEW DISTRIPUTORSHIP OF TAX-FREE PRODCUTS TO ASIAN MARKETPress Release | 07/11/2022

READEN HOLDING CORPORATION (OTC PINK: RHCO)

ANNOUNCES FLIGROS NEW DISTRIPUTORSHIP OF TAX-FREE PRODCUTS TO ASIAN MARKET

Readen Holding Corporation (OTC PINK: RHCO), a Venture Capital Corporation which is active in the Fintech, Online Payment and E-commerce industries, today announced that Fligro Limited, an international food trading company fully owned by RHCO, has signed a distribution contract with The Netherlands Supply Company NV and obtained the distributorship of numerous tax-free products to the Asian market.

Fligro Limited (www.fligrofood.com) has been an established international fresh food trading company since 1953. It is now based at The Netherlands and has subsidiaries in Hong Kong and New Zealand. With a truly worldwide perspective, Fligro sources products in the main production areas of Europe, North & South America, and the Far East. It serves a worldwide network of more than 90 markets, providing main products such as poultry, pork, beef, fish and dairy. With the signed contract, Fligro will add liquors, spirits and beverages to its line of products, and distribution will start in the 4^th quarter of this year.

The Netherlands Supply Company NV (www.nsc-nv.com) is a worldwide duty- and tax-free supplies company, established in 1948 and is now based in Rotterdam, The Netherlands. NSC supplies a full range of products to all over the world. The distribution contract between two parties have granted RHCO the distributorship of selected tax-free products to Asia, such as liquors and spirits with hundreds of well-known brands. Fligro sees this as an opportunity to expand its B2B operations with more products to offer, especially to China and other regions in Asia with competitive price and low delivery cost.

Richard Klitsie, CEO of RHCO stated, Fligro has a long successful history in fresh food trading and has been contributing stable revenues to RHCO. This new distribution contract will expand the business of Fligro into more areas with high potential revenues. Due to Covid-19 the supply chain has been a big issue to many markets, but we see this period as a good opportunity to start bringing more European products to Asia, and we believe this strategy will be fruitful in mid and long term.

Readen Holding Corp. (www.readenholdingcorp.com) is a publicly traded Venture Capital Corporation, with major holdings in the Fintech Industry and has been increasing its investment in E-commerce and E-payment sectors, such as;

OkePay: www.okepay.biz

OkePay VPOS: www.okepay.biz/vpos

OkeApp: www.okepartners.com

OkToken: oktoken.biz

Readies: www.readies.biz

Neckermann: www.neckermanndirect.eu

Two Percent: www.twopercent.hk

Fligro: www.fligrofood.com

RHCO is a diversified holding company, with an operating history of over 30 years, which seeks opportunities to acquire and grow businesses that can generate long-term sustainable free cash flow and attractive returns, in order to maximize value for all shareholders. RHCO has subsidiaries and liaison offices in Europe and Asia.

For further information please contact RHCO at [e-mail]

or [phone]

The RHCO corporate email address is [e-mail]

The RHCO corporate website can be accessed at www.readenholdingcorp.com

The RHCO Twitter account can be accessed at https://twitter.com/readenrhco

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that, all forward-looking statements involve risks and uncertainties, including without limitation, the ability of Readen Holding Corp. to accomplish its stated plan of business. Readen Holding Corp. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward- looking statements included herein, the inclusion of such information should not be regarded as a representation by Readen Holding Corp. or any other person.

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Readen Holding Corp.

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Readen Group, RHCO announcement