- A full quantity of USD150,000,000 main contracts signed in 2022
HAIKOU, China, July 26, 2022 /PRNewswire/ — JX Luxventure Constrained (Nasdaq: LLL) (the “Organization”), a organization offering complete goods options to global high-internet-worthy of families serviced by our enterprise buyers with small business segments masking menswear, cross-border items and tourism, announced now that its subsidiary, Jin Xuan (Hainan) Holding Co., Ltd. (“JX Hainan”), entered into and executed a Cooperation Arrangement (the “Settlement”) with Kaiwo International Investing Co., Ltd. (“Kaiwo”) on July 26, 2022, which is the initially day of the China Intercontinental Customer Goods Expo held in Haikou. Kaiwo is an vehicle distributor and retains a person of the constrained quantity of duty-no cost auto importer licenses (“Responsibility Absolutely free Import License”) in China. Pursuant to the Arrangement, Kaiwo will offer substantial-finish overseas luxurious automobiles equipped by JX Hainan underneath the Duty-Cost-free Import License in the amount of up to USD50,000,000.
Ms. Sun “Ice” Lei, Chief Govt Officer of the Corporation, commented: “The desire for significant end international luxury vehicles remains potent in China, the world’s premier automobile industry. We have determined to increase into the significant-end automobile small business by means of our cross-border merchandise segment to capture the market likely. We are delighted to indication our to start with important auto agreement and start creating the business enterprise relationship with Kaiwo. I think our cross-border goods business enterprise segment will rework into a substantial revenue contributor in 2022.”
About JX Luxventure Constrained
Headquartered in Haikou, China, JX Luxventure Limited is a enterprise offering in depth solutions solutions to world substantial-internet-worth families serviced by our company shoppers with business segments masking menswear, cross-border merchandise and tourism. To learn additional about the Business, you should check out its corporate website at en.jxluxventure.com.
Protected Harbor Assertion
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