Zhitong Finance App News, RAFFLESINTERIOR (01376) announced that a subsidiary of the company, Wuhan Second Plant Soda Co., Ltd. signed a purchase and distribution agreement with Sinopec Sales Co., Ltd. Hubei Petroleum Branch (Hubei Sinopec), a branch of a subsidiary of Sinopec (00386). According to this, products with the brand name “Second Factory Soda” can be used through Sinopec's e-commerce platforms, including but not limited to the Sinopec Hubei App and its applet, and other Sinopec upstream enterprises and online cooperative platforms. Distribute and sell.
The board of directors believes that the agreement recognizes the “Second Factory Soda” brand and its products, and provides the Group with additional opportunities to distribute Soda products from Factory 2. Therefore, the Group will continue to cooperate with Hubei Sinopec and aim to establish similar partnerships with other Chinese e-commerce platforms in the future.