ATXG - Addentax Group Corp. Announces Signing of MOU for Strategic Cooperation with Zhongjiu Yihe | Benzinga
SHENZHEN, China, Dec. 22, 2023 /PRNewswire/ -- Addentax Group Corp. ("Addentax" or the "Company") (NASDAQ:ATXG), an integrated service provider focusing on garment manufacturing, logistics service, property management, and subleasing, has announced the formalization of a nationwide strategic cooperation and signing of a Memorandum of Understanding (MOU) with Zhongjiu Yihe (Shenzhen) Brand Development Co., Ltd. ("Zhongjiu Yihe"), a renowned brand management group headquartered in Guangdong.
In response to this development, Mr. Hong Zhida, CEO of Addentax, conveyed his appreciation, stating, "We are pleased to enter into this collaboration with Zhongjiu Yihe, an entity known for its excellence in supply chain and brand development." He further emphasized, "This marks a significant milestone in our commitment to innovative partnerships. Our collaborative vision with Zhongjiu Yihe aims to establish an encompassing brand supply chain, product supply chain, and marketing supply chain service in China. The signing of this MOU signifies the inaugural step towards a future mutually beneficial cooperation agreement."
Ms. Xu Yan, CEO of Zhongjiu Yihe, conveyed her anticipation for the collaboration, stating, "We look forward to partnering with the Addentax team and leveraging their well-established distribution network. Through this expanded distribution network, we aim to connect with our global customer base and explore market opportunities in tandem with Addentax."
Zhongjiu Yihe, as a comprehensive brand service provider, offers an array of services encompassing brand supply chain, product supply chain, and marketing supply chain, with a ...