TANH's Gohomeway Group Named Chair of Home Furnishing Materials Committee: A Strategic Boost for U.S. Market Expansion

Tantech Holdings Ltd (NASDAQ: TANH) ("Tantech" or the "Company") has announced a significant milestone in its U.S. market expansion strategy. On January 15, 2025, TANH's U.S. subsidiary, Gohomeway Group Inc., was appointed Chair of the Home Furnishing Materials Committee under the American Chinese National Chamber of Commerce. This appointment highlights Gohomeway's growing influence in the U.S. home furnishing and building materials sector and is expected to accelerate the development of its franchise system.

Gohomeway Group's appointment as Chair of the Home Furnishing Materials Committee aligns with TANH's global strategy and mission to introduce innovative home furnishing solutions to U.S. households while promoting industry sustainability. This strategic move is set to strengthen TANH's position in the North American market and drive further growth.

The appointment of Gohomeway Group as Chair of the committee brings several strategic advantages to TANH's North American market expansion:

1. Increased Influence in the U.S. Home Furnishing and Building Materials Sector: By being appointed Chair of the Home Furnishing Materials Committee, Gohomeway Group gains a prominent position in the U.S. home furnishing and building materials sector. This influence can help TANH navigate the market more effectively and gain a competitive edge.
2. Accelerated Franchise System Development: The appointment is expected to accelerate the development of Gohomeway's franchise system. This can help TANH expand its reach and sales channels in the North American market more quickly.
3. Strategic Milestone in North American Market Expansion: The appointment marks a strategic milestone in TANH's North American market expansion. It demonstrates TANH's commitment to the U.S. market and can serve as a catalyst for further growth.
4. Alignment with Global Strategy and Mission: The appointment aligns with TANH's global strategy and mission to introduce innovative home furnishing solutions to U.S. households while promoting industry sustainability. This ensures that TANH's expansion in the North American market is in line with its overall business objectives.

In conclusion, TANH's Gohomeway Group's appointment as Chair of the Home Furnishing Materials Committee under the American Chinese National Chamber of Commerce is a strategic move that brings several advantages to TANH's North American market expansion. This appointment is expected to accelerate the development of Gohomeway's franchise system, strengthen TANH's position in the U.S. market, and drive further growth in the region.