Addentax Group Corp. Announces Signing of MOU for Strategic Cooperation with Shenzhen Yingbin Brand Development Co., Ltd.
Addentax Group Corp. (ATXG) has signed a Memorandum of Understanding (MOU) for strategic cooperation with Shenzhen Yingbin Brand Development, a brand management company based in Guangdong. The partnership aims to develop a comprehensive ecosystem for brand, product, and marketing supply chain services in China. Yingbin Brand, a comprehensive brand service provider, will leverage Addentax's distribution network to strengthen global customer connections and explore new market opportunities. The collaboration focuses particularly on the branded apparel sector.
Addentax Group Corp. (ATXG) ha firmato un Memorandum of Understanding (MOU) per la cooperazione strategica con Shenzhen Yingbin Brand Development, un'azienda di gestione dei marchi con sede nel Guangdong. L'obiettivo della partnership è sviluppare un ecosistema completo per i servizi relativi a marchi, prodotti e catena di fornitura di marketing in Cina. Yingbin Brand, un fornitore di servizi per marchi completo, sfrutterà la rete di distribuzione di Addentax per rafforzare le connessioni con i clienti a livello globale ed esplorare nuove opportunità di mercato. La collaborazione si concentra in particolare sul settore dell'abbigliamento di marca.
Addentax Group Corp. (ATXG) ha firmado un Memorando de Entendimiento (MOU) para la cooperación estratégica con Shenzhen Yingbin Brand Development, una empresa de gestión de marcas con sede en Guangdong. La asociación tiene como objetivo desarrollar un ecosistema integral para servicios de marca, producto y cadena de suministro de marketing en China. Yingbin Brand, un proveedor de servicios de marca integral, aprovechará la red de distribución de Addentax para fortalecer las conexiones con los clientes a nivel global y explorar nuevas oportunidades de mercado. La colaboración se centra particularmente en el sector de la ropa de marca.
Addentax Group Corp. (ATXG)는 광동에 본사를 둔 브랜드 관리 회사인 Shenzhen Yingbin Brand Development와 전략적 협력을 위한 양해각서(MOU)를 체결했습니다. 이번 파트너십의 목표는 중국에서 브랜드, 제품 및 마케팅 공급망 서비스에 대한 종합 생태계를 개발하는 것입니다. 종합 브랜드 서비스 제공업체인 Yingbin Brand는 Addentax의 유통 네트워크를 활용하여 글로벌 고객 관계를 강화하고 새로운 시장 기회를 탐색할 것입니다. 이 협력은 특히 브랜드 의류 부문에 중점을 두고 있습니다.
Addentax Group Corp. (ATXG) a signé un protocole d'accord (MOU) pour une coopération stratégique avec Shenzhen Yingbin Brand Development, une entreprise de gestion de marques basée dans le Guangdong. L'objectif du partenariat est de développer un écosystème complet pour les services liés à la chaîne d'approvisionnement en marque, produit et marketing en Chine. Yingbin Brand, un fournisseur de services de marques intégral, tirera parti du réseau de distribution d'Addentax pour renforcer les connexions avec les clients à l'échelle mondiale et explorer de nouvelles opportunités de marché. La collaboration se concentre particulièrement sur le secteur de l'habillement de marque.
Addentax Group Corp. (ATXG) hat ein Memorandum of Understanding (MOU) für die strategische Zusammenarbeit mit Shenzhen Yingbin Brand Development, einem im Guangdong ansässigen Unternehmen zur Markenentwicklung, unterschrieben. Ziel der Partnerschaft ist es, ein umfassendes Ökosystem für Marken-, Produkt- und Marketinglieferketten-Dienstleistungen in China zu entwickeln. Yingbin Brand, ein umfassender Anbieter von Markendienstleistungen, wird Addentax' Vertriebsnetz nutzen, um globale Kundenverbindungen zu stärken und neue Marktchancen zu erkunden. Die Zusammenarbeit konzentriert sich insbesondere auf den Sektor der Markenbekleidung.
- Strategic partnership with established brand management company expanding service offerings
- Potential expansion of distribution network and market reach
- Enhanced capabilities in branded apparel sector
- None.
Insights
This MOU with Yingbin Brand represents a strategic but early-stage development for Addentax. While the partnership could potentially enhance ATXG's position in the garment manufacturing and brand development space, several key details are missing that would make this more immediately impactful:
- No financial terms or specific revenue targets disclosed
- No concrete timeline for implementation
- Lack of specific operational commitments from either party
The collaboration primarily focuses on supply chain services and brand development in China, which aligns with ATXG's core business but remains highly preliminary. Until more concrete details emerge about the economic benefits and specific implementation plans, investors should view this as a positive but preliminary strategic move with immediate financial impact.
Mr. Hong Zhida, CEO of Addentax, expressed his enthusiasm:
"We are thrilled to collaborate with Yingbin Brand, a leader in supply chain and brand development. This partnership represents a significant milestone in our pursuit of innovative collaborations. Together, we aim to build a comprehensive ecosystem encompassing brand, product, and marketing supply chain services in
Ms. Xu Yan, CEO of Yingbin Brand, also shared her excitement about the collaboration:
"We are eager to work alongside Addentax and leverage their extensive distribution network. This partnership will enable us to strengthen our connections with global customers and jointly explore new market opportunities."
Yingbin Brand is a comprehensive brand service provider, offering a wide range of services in brand supply chain management, product supply chain solutions, and marketing supply chain strategies.
This MOU marks a strategic step forward for both companies, particularly in the branded apparel sector. The collaboration also paves the way for further innovation and exploration of new business opportunities, solidifying their shared commitment to growth and excellence.
About Addentax Group Corp.
Addentax Group Corp. is an integrated service provider specializing in garment manufacturing, logistics services, and property management and subleasing. For more information about the Company, please visit the website: https://www.addentax.com/.
Caution Concerning Forward Looking Statements
All statements other than statements of historical fact in this announcement are forward-looking statements in nature within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions are intended to identify such forward-looking statements. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to consider risk factors, including those described in the Company's filings with the SEC, that may affect the Company's future results. All forward-looking statements attributable to the Company and its subsidiaries or persons acting on their behalf are expressly qualified in their entirety by these risk factors. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us. These forward-looking statements are based on information currently available to Addentax and its current plans or expectations and are subject to a number of known and unknown uncertainties, risks and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These and other important factors are described in detail in the "Risk Factors" section of Addentax's Annual Report on Form 10-K for the year ended March 31, 2024. Although we believe the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. We are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this press release and other statements made from time to time by us or our representatives might not occur.
Company Contact:
Public Relations Contact:
Addentax Group Corp.
Phone: + (86) 755 86961 405
xinyee.lee@zgyingxi.com
Investor Relations Contact:
Sherry Zheng
Weitian Group LLC
1-718-213-7386
shunyu.zheng@weitian-ir.com
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SOURCE Addentax Group Corp.
FAQ
What is the purpose of the MOU between Addentax (ATXG) and Yingbin Brand?
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