Volcanic Yidong International Holdings (01715) announced that on December 22, 2023, the company's indirect wholly-owned subsidiary...
Zhitong Finance App News, Volcano Yidong International Holdings (01715) announced that on December 22, 2023, Shanghai Miyi & Technology Co., Ltd., an indirect wholly-owned subsidiary of the company, signed a strategic cooperation framework agreement with Shenshuiwan Holdings (Shenzhen) Group Co., Ltd. on the sale and distribution of health products.
According to the strategic cooperation framework agreement, Shanghai Miyi plans to establish a strategic partnership with Shenshuiwan Holdings to expand its market share in the Chinese health industry through the establishment of an online sales platform and offline retail stores.
The company believes that demand for health products remains strong in the Chinese market. The company believes that the strategic partnership with Deep Water Bay Holdings is an opportunity for business growth while also expanding and diversifying the company's customer base. Therefore, the board of directors believes that this strategic cooperation conforms to the overall interests of the company and its shareholders.