RooLife Group Ltd (ASX: $RLG) Placement and Operations Update

RooLife Group Ltd (ASX: $RLG) has implemented a revised Placement and Investment and Sales Distribution Strategy, including the completion of a $500,000 placement and the receipt of $100,000 placement funds from commercial partner, Fujian Jushi Supply Chain Management. The company has also signed agreements with China beer producer, Henan Rock Kangaroo Brand Management, and is set to hold Investor Presentation Series and distributor selection seminars in China.

Executive Commentary

These first sales and profit margin contribution achieved in Q4 FY2024 through the new commercial partnership with Fujian Jushi Supply Chain is confirmation of the value of this new partnership and we look forward to continuing to build on these revenue and profit lines through FY2025 as we service the strong demand for quality Australian products in China. We are also buoyed by the expressed interest from Chinese investors who appreciate the sales opportunities for consumer products in China and the investment exposure RLG provides for investors on the Australian Stock Exchange. We look forward to introducing RLG to both investors and new sales channels in China through July and August as we launch this initiative and then to continue these initiatives on an ongoing basis to the benefit of existing and future shareholders.

Summary

RooLife Group Ltd (ASX: $RLG) has implemented a revised Placement and Investment and Sales Distribution Strategy, completing a $500,000 placement and receiving $100,000 placement funds from Fujian Jushi Supply Chain Management. The company has also signed agreements with China beer producer, Henan Rock Kangaroo Brand Management, and is set to hold Investor Presentation Series and distributor selection seminars in China. The realisation of higher margin product sales and cost minimisation programme is expected to generate a significantly lower operating cashflow, and the company continues to pursue opportunities that drive sales margin profit growth and contribute to operational cashflow. RLG looks forward to introducing RLG to investors and new sales channels in China and continuing these initiatives to benefit existing and future shareholders.