Business
JX Luxventure Signs Blockbuster USD60,000,000 (5X 2020 Revenue) Sales Agreement
HAIKOU, China, March 22, 2022 /PRNewswire/ -- JX Luxventure Limited (Nasdaq: LLL) (the "Company"), a service provider delivering comprehensive solutions to
About this update from Jx Luxventure Group Inc.
[{"type":"text","content":"HAIKOU, China, March 22, 2022 /PRNewswire/ -- JX Luxventure Limited (Nasdaq: LLL) (the \"Company\"), a service provider delivering comprehensive solutions to global elite families with business segments covering menswear, cross-border merchandise, airfare and tourism, announced today that, on March 21, 2022, Jin Xuan Luxury Tourism (Hainan) Digital Technology Co., Ltd. (\"JX Hainan\"), a subsidiary of the Company, entered into and executed a Framework Agreement on Strategic Cooperation (the \"Agreement\") with Chongqing E-Pet Technology Co., Ltd. (\"Chongqing E-Pet\"), one of the major operators of online cross-border pet food shopping platform in China. Pursuant to the Agreement, Chongqing E-Pet will purchase from JX Hainan cross-border pet foods in the amount up to USD60,000,000 to be distributed on the platforms operated by Chongqing E-Pet. \nMs. Sun \"Ice\" Lei, Chief Executive Officer of the Company commented: \"This cooperation shows the ever-growing demand for the cross-border pet foods in China and opens a new category of cross border goods for JX Luxventure. After a stellar year of revenue growth of 2021, this agreement puts JX Luxventure on pace to have another one for 2022.\"\nAbout JX Luxventure Limited\nHeadquartered in Haikou, China, JX Luxventure Limited is a service provider delivering comprehensive solutions to global elite families. Its business segments cover menswear, cross-border merchandise, airfare and tourism. To learn more about the Company, please visit its corporate website at en.jxluxventure.com. \nSafe Harbor Statement\nThis press release may contain certain \"forward-looking statements\" relating to the business of JX Luxventure Limited, and its subsidiary companies. All statements, other than statements of historical fact included herein, are \"forward-looking statements\" in nature within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, often identified by the use of forward-looking terminology such as \"believes,\" \"expects\" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place un...