Aumake's Strategic Co-operation Framework with Yangtze River

Aumake Limited (ASX: $AUK) has entered a non-binding three (3) year strategic co-operation framework with Chinese State-Owned Enterprise Yangtze River New Silk Road International Logistics (Hubei) Group Co., Ltd to establish a comprehensive end-to-end supply chain network for Australian goods and services. Under this framework, Yangtze River intends to purchase a minimum of A$100M worth of Australian goods from Aumake each year, valuing the framework at a minimum of A$300M.

Executive Commentary on the Strategic Co-operation

Entering this agreement represents a significant milestone for the company. We are extremely delighted to be working with Yangtze River New Silk Road International Logistics (Hubei) Group Co., Ltd through our collaborative strategic framework. We continue to demonstrate our value as innovative and trusted partners in bridging China and Australia trade. Further opportunities in these key areas are progressing, which have the potential to broaden into more significant agreements over time. It is an exciting time for the industry and Aumake is well placed to solidify its position as a pioneer in cross-border sales between Australia and China. We are looking forward to meet with representatives from Yangtze River in mid-August to conduct a formal signing ceremony.

Summary of Aumake's Strategic Co-operation

Aumake Limited (ASX: $AUK) has entered into a non-binding three (3) year strategic co-operation framework with Chinese State-Owned Enterprise Yangtze River New Silk Road International Logistics (Hubei) Group Co., Ltd to establish a comprehensive end-to-end supply chain network for Australian goods and services. Under this framework, Yangtze River intends to purchase a minimum of A$100M worth of Australian goods from Aumake each year, valuing the framework at a minimum of A$300M. Aumake will leverage its sales channels in Australia to assist Yangtze River in developing a supply chain network for Australian products, focusing on agricultural and livestock products, fast-moving consumer goods (FMCGs), frozen goods, and bulk resource commodities. Additionally, Aumake will establish strategic alliances with domestic partners to fulfill specific procurement orders from Yangtze River. The company's Managing Director, Joshua Zhou, expressed excitement about the agreement and the potential for further significant agreements in the future, solidifying Aumake's position as a pioneer in cross-border sales between Australia and China.