JX Luxventure Limited Expands Its Product Portfolio And Signs USD50,000,000 Automobile Sales Agreement, Business News

  • 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

This push launch may well include specified “ahead-on the lookout statements” relating to the organization of JX Luxventure Constrained, and its subsidiary corporations. All statements, other than statements of historic fact integrated herein, are “forward-on the lookout statements” in character in just the indicating of the Personal Securities Litigation Reform Act of 1995. These ahead-searching statements, often identified by the use of forward-looking terminology these kinds of as “thinks,” “expects” or very similar expressions, contain recognized and unidentified challenges and uncertainties. Even though the Enterprise thinks that the anticipations mirrored in these forward-seeking statements are acceptable, they do entail assumptions, pitfalls and uncertainties, and these anticipations may perhaps prove to be incorrect. Investors must not location undue reliance on these forward-wanting statements, which communicate only as of the date of this press release. The Company’s precise outcomes could differ materially from individuals predicted in these forward-wanting statements as a outcome of a selection of aspects, such as those people reviewed in the Company’s periodic experiences that are submitted with the Securities and Exchange Commission and obtainable on its internet site (http://www.sec.gov). All ahead-searching statements attributable to the Business or individuals performing on its behalf are expressly experienced in their entirety by these aspects. Other than as essential underneath the securities rules, the Company does not think a duty to update these forward-on the lookout statements.

 

 

 

Katherine T. Burrows

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