August 10, 2022

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JX Luxventure Limited Expands Its Product Portfolio And Signs USD50,000,000 Automobile Sales Agreement

  • A whole amount of USD150,000,000 important contracts signed in 2022 

HAIKOU, China, July 26, 2022 /PRNewswire/ — JX Luxventure Constrained (Nasdaq: LLL) (the “Corporation”), a company providing detailed products and solutions answers to world-wide large-net-truly worth family members serviced by our business enterprise prospects with organization segments covering menswear, cross-border products and tourism, announced nowadays that its subsidiary, Jin Xuan (Hainan) Keeping Co., Ltd. (“JX Hainan”), entered into and executed a Cooperation Arrangement (the “Settlement”) with Kaiwo Intercontinental Trading Co., Ltd. (“Kaiwo”) on July 26, 2022, which is the first working day of the China Intercontinental Consumer Products and solutions Expo held in Haikou. Kaiwo is an automobile distributor and retains 1 of the restricted variety of obligation-absolutely free motor vehicle importer licenses (“Responsibility Absolutely free Import License”) in China.  Pursuant to the Agreement, Kaiwo will promote higher-end overseas luxurious cars supplied by JX Hainan under the Obligation-Cost-free Import License in the quantity of up to USD50,000,000.  

Ms. Sun “Ice” Lei, Main Govt Officer of the Firm, commented: “The demand for large conclude overseas luxury cars stays robust in China, the world’s biggest car sector. We have determined to extend into the substantial-end car organization via our cross-border items segment to seize the industry opportunity.  We are delighted to indicator our initially important automobile agreement and start out setting up the business enterprise relationship with Kaiwo. I feel our cross-border goods business section will transform into a significant income contributor in 2022.”

About JX Luxventure Minimal

Headquartered in Haikou, China, JX Luxventure Limited is a business providing comprehensive solutions alternatives to global large-net-worth families serviced by our business prospects with business segments masking menswear, cross-border products and tourism. To discover more about the Corporation, please visit its company internet site at en.jxluxventure.com.

Risk-free Harbor Assertion

This push launch might contain selected “ahead-wanting statements” relating to the enterprise of JX Luxventure Confined, and its subsidiary firms. All statements, other than statements of historic actuality involved herein, are “forward-seeking statements” in character inside the indicating of the Private Securities Litigation Reform Act of 1995. These forward-wanting statements, frequently discovered by the use of forward-wanting terminology these types of as “believes,” “expects” or identical expressions, entail acknowledged and unfamiliar pitfalls and uncertainties. While the Enterprise thinks that the anticipations reflected in these ahead-on the lookout statements are realistic, they do involve assumptions, challenges and uncertainties, and these anticipations may perhaps establish to be incorrect. Investors ought to not put undue reliance on these forward-wanting statements, which communicate only as of the day of this push launch. The Company’s true benefits could vary materially from those people anticipated in these forward-wanting statements as a result of a wide variety of components, like these talked over in the Company’s periodic experiences that are filed with the Securities and Exchange Fee and offered on its site (http://www.sec.gov). All ahead-hunting statements attributable to the Organization or persons acting on its behalf are expressly competent in their entirety by these components. Other than as necessary underneath the securities legislation, the Corporation does not suppose a obligation to update these forward-hunting statements.

Source JX Luxventure Confined