RooLife Group Ltd (ASX: $RLG) has signed a binding term sheet with Fujian Jushi Supply Chain Management Co., Ltd, a China-based e-commerce and supply chain business. The agreement entails the marketing and selling of RLG's portfolio of products and other requested products by Fujian Jushi Supply Chain. Additionally, Fujian Jushi Supply Chain is set to acquire $100,000 of RLG shares at $0.085, subject to shareholder approval.
This new sales and distribution partnership with Fujian Jushi Supply Chain Management is a result of the business development with our strategic investor, Guizhou Yuanzhuang Jiangjiu. We are excited about the aligned objective to drive sales and maximize the net profit for RLG, which rewards both parties. This partnership is expected to be extremely valuable for our business and our shareholders.
RooLife Group Ltd (ASX: $RLG) has entered into a significant agreement with Fujian Jushi Supply Chain Management Co., Ltd to market and sell RLG's products in China. The agreement includes the acquisition of $100,000 of RLG shares at $0.085 by Fujian Jushi Supply Chain, subject to shareholder approval. The partnership aims to drive sales and maximize net profit for RLG, aligning the commercial interests of both parties. This strategic move is expected to unlock a world of potential for RLG's products in the Chinese market.