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

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

HAIKOU, China, July 26, 2022 /PRNewswire/ — JX Luxventure Constrained (Nasdaq: LLL) (the “Business”), a company providing comprehensive goods alternatives to world wide significant-net-value families serviced by our business enterprise buyers with business segments masking menswear, cross-border goods and tourism, announced now that its subsidiary, Jin Xuan (Hainan) Holding Co., Ltd. (“JX Hainan”), entered into and executed a Cooperation Settlement (the “Settlement”) with Kaiwo International Investing Co., Ltd. (“Kaiwo”) on July 26, 2022, which is the initially working day of the China International Purchaser Goods Expo held in Haikou. Kaiwo is an car distributor and holds just one of the restricted number of responsibility-cost-free vehicle importer licenses (“Obligation Absolutely free Import License”) in China.  Pursuant to the Arrangement, Kaiwo will offer large-stop international luxurious automobiles supplied by JX Hainan less than the Responsibility-Cost-free Import License in the amount of up to USD50,000,000.  

Ms. Sun “Ice” Lei, Main Government Officer of the Organization, commented: “The demand for significant end foreign luxurious automobiles continues to be strong in China, the world’s major automobile marketplace. We have determined to broaden into the superior-close auto business by way of our cross-border merchandise segment to seize the sector likely.  We are happy to indicator our first important vehicle contract and start building the business relationship with Kaiwo. I believe our cross-border items organization phase will renovate into a major earnings contributor in 2022.”

About JX Luxventure Minimal

Headquartered in Haikou, China, JX Luxventure Limited is a organization providing in depth solutions options to global substantial-web-worth families serviced by our organization shoppers with enterprise segments covering menswear, cross-border merchandise and tourism. To learn much more about the Enterprise, make sure you go to its corporate site at en.jxluxventure.com.

Secure Harbor Assertion

This press launch might contain particular “ahead-hunting statements” relating to the business enterprise of JX Luxventure Confined, and its subsidiary providers. All statements, other than statements of historical actuality involved herein, are “forward-hunting statements” in character within the indicating of the Private Securities Litigation Reform Act of 1995. These forward-searching statements, frequently discovered by the use of forward-wanting terminology this sort of as “believes,” “expects” or comparable expressions, entail recognised and unidentified risks and uncertainties. Although the Business thinks that the expectations reflected in these ahead-wanting statements are sensible, they do involve assumptions, dangers and uncertainties, and these anticipations may perhaps demonstrate to be incorrect. Investors must not position undue reliance on these forward-on the lookout statements, which communicate only as of the day of this push release. The Company’s real final results could vary materially from all those predicted in these ahead-searching statements as a consequence of a wide variety of variables, including all those talked about in the Firm’s periodic reports that are filed with the Securities and Trade Fee and out there on its web-site (http://www.sec.gov). All forward-searching statements attributable to the Business or individuals performing on its behalf are expressly competent in their entirety by these factors. Other than as needed under the securities legal guidelines, the Organization does not assume a obligation to update these ahead-searching statements.