HAIKOU,
China, April 4, 2022 /PRNewswire/ -- JX
Luxventure Limited (Nasdaq: LLL) (the "Company"), a service
provider delivering comprehensive solutions to global elite
families with business segments covering menswear, cross-border
merchandise, airfare and tourism, announced today that, on
March 31, 2022, Jin Xuan Luxury
Tourism (Hainan) Digital
Technology Co., Ltd. ("JX Hainan"), a subsidiary of the Company,
entered into and executed a Framework Agreement on Strategic
Cooperation (the "Agreement") with Ragdoll International Trading
Co., Ltd. ("Ragdoll"), an E-commerce platform operator.
Pursuant to the Agreement, Ragdoll will purchase from JX
Hainan cross-border pet foods in the amount of up to USD30,000,000 to be distributed on the platforms
operated by Ragdoll.
Ms. Sun "Ice" Lei, Chief Executive Officer of the Company
commented: "This is the second major pet food contract signed
by Luxventure this month. Pet food is a new product category
for the Company, and China's pet
food market is valued at approximately USD1,200,000,000. The two pet food
contracts signed this month with the total value of USD90,000,000 affirmed the management's decision
to enter this product category."
About JX Luxventure Limited
Headquartered in Haikou, China,
JX Luxventure Limited is a service provider delivering
comprehensive solutions to global elite families. Its business
segments cover menswear, cross-border merchandise, airfare, and
tourism. To learn more about the Company, please visit its
corporate website at en.jxluxventure.com.
Safe Harbor Statement
This press release may contain certain "forward-looking
statements" relating to the business of JX Luxventure Limited, and
its subsidiary companies. All statements, other than statements of
historical fact included herein, are "forward-looking statements"
in nature within the meaning of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements, often
identified by the use of forward-looking terminology such as
"believes," "expects" or similar expressions, involve known and
unknown risks and uncertainties. Although the Company believes that
the expectations reflected in these forward-looking statements are
reasonable, they do involve assumptions, risks and uncertainties,
and these expectations may prove to be incorrect. Investors should
not place undue reliance on these forward-looking statements, which
speak only as of the date of this press release. The Company's
actual results could differ materially from those anticipated in
these forward-looking statements due to a variety of factors,
including those discussed in the Company's periodic reports filed
with the Securities and Exchange Commission and available on its
website (http://www.sec.gov). All forward-looking statements
attributable to the Company or persons acting on its behalf are
expressly qualified in their entirety by these factors. Other than
as required under the securities laws, the Company does not assume
a duty to update these forward-looking statements.
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SOURCE JX Luxventure Limited