Top KingWin Announces Update to Supply Chain Business - Tuoxun Technology (Shenzhen) Co., Ltd. Signs A Letter of Intent with Top KingWin’s Subsidiary, Guji Technology (Shenzhen) Co., Ltd.
Top KingWin (NASDAQ: TCJH) announced that its subsidiary, Guji Technology, signed a non-binding letter of intent (LOI) with Tuoxun Technology for the potential sale of 1,000 Lenovo Think System SR588/860 servers. The LOI is valid from September 30, 2024, to September 29, 2025. The final purchase price will be based on market prices set in a definitive agreement.
Guji Technology's CEO, Wei Dai, emphasized the importance of providing robust servers as part of their expanding hardware supply chain business. The company aims to enhance its market reputation by growing its market share in supply chain products, including servers, integrated circuits, and tablet computers.
Top KingWin's primary focus is on providing services to entrepreneurs and executives in small and medium-sized enterprises in China, offering corporate business training, consulting, and advisory services.
Top KingWin (NASDAQ: TCJH) ha annunciato che la sua sussidiaria, Guji Technology, ha firmato una lettera di intenti non vincolante (LOI) con Tuoxun Technology per la potenziale vendita di 1.000 server Lenovo Think System SR588/860. La LOI è valida dal 30 settembre 2024 al 29 settembre 2025. Il prezzo finale di acquisto sarà basato sui prezzi di mercato stabiliti in un accordo definitivo.
Il CEO di Guji Technology, Wei Dai, ha sottolineato l'importanza di fornire server robusti come parte della loro crescente attività di fornitura di hardware. L'azienda mira a migliorare la sua reputazione di mercato aumentando la propria quota di mercato nei prodotti della catena di approvvigionamento, inclusi server, circuiti integrati e tablet.
Il principale obiettivo di Top KingWin è fornire servizi a imprenditori ed esecutivi di piccole e medie imprese in Cina, offrendo formazione aziendale, consulenze e servizi di advisory.
Top KingWin (NASDAQ: TCJH) anunció que su subsidiaria, Guji Technology, firmó una carta de intención no vinculante (LOI) con Tuoxun Technology para la posible venta de 1.000 servidores Lenovo Think System SR588/860. La LOI es válida desde el 30 de septiembre de 2024 hasta el 29 de septiembre de 2025. El precio de compra final se basará en los precios de mercado establecidos en un acuerdo definitivo.
El CEO de Guji Technology, Wei Dai, enfatizó la importancia de proporcionar servidores robustos como parte de su creciente negocio de suministro de hardware. La compañía tiene como objetivo mejorar su reputación en el mercado aumentando su cuota de mercado en productos de la cadena de suministro, incluyendo servidores, circuitos integrados y tabletas.
El enfoque principal de Top KingWin es ofrecer servicios a emprendedores y ejecutivos de pequeñas y medianas empresas en China, brindando capacitación empresarial, consultoría y servicios de asesoría.
Top KingWin (NASDAQ: TCJH)는 그 자회사인 Guji Technology가 Tuoxun Technology와 함께 1,000대의 Lenovo Think System SR588/860 서버의 잠재적 판매를 위한 비구속적 의향서(LOI)를 체결했다고 발표했습니다. LOI는 2024년 9월 30일부터 2025년 9월 29일까지 유효합니다. 최종 구매 가격은 최종 계약에서 설정된 시장 가격을 기반으로 할 것입니다.
Guji Technology의 CEO인 Wei Dai는 하드웨어 공급망 비즈니스 확장의 일환으로 강력한 서버를 제공하는 중요성을 강조했습니다. 이 회사는 서버, 통합 회로 및 태블릿을 포함한 공급망 제품에서 시장 점유율을 확대함으로써 시장 평판을 높이는 것을 목표로 하고 있습니다.
Top KingWin의 주요 초점은 중국의 중소기업 기업가와 경영진에게 기업 교육, 컨설팅 및 자문 서비스를 제공하는 것입니다.
Top KingWin (NASDAQ: TCJH) a annoncé que sa filiale, Guji Technology, a signé une lettre d'intention non contraignante (LOI) avec Tuoxun Technology pour la vente potentielle de 1.000 serveurs Lenovo Think System SR588/860. La LOI est valide du 30 septembre 2024 au 29 septembre 2025. Le prix d'achat final sera basé sur les prix de marché fixés dans un accord définitif.
Le CEO de Guji Technology, Wei Dai, a souligné l'importance de fournir des serveurs robustes dans le cadre de l'expansion de leur chaîne d'approvisionnement en matériel. L'entreprise vise à améliorer sa réputation sur le marché en augmentant sa part de marché dans les produits de la chaîne d'approvisionnement, y compris les serveurs, les circuits intégrés et les tablettes.
Le principal objectif de Top KingWin est de fournir des services aux entrepreneurs et aux dirigeants de petites et moyennes entreprises en Chine, en offrant des formations professionnelles, des conseils et des services de conseil.
Top KingWin (NASDAQ: TCJH) gab bekannt, dass seine Tochtergesellschaft Guji Technology einen unverbindlichen Letter of Intent (LOI) mit Tuoxun Technology für den möglichen Verkauf von 1.000 Lenovo Think System SR588/860 Servern unterzeichnet hat. Der LOI ist vom 30. September 2024 bis zum 29. September 2025 gültig. Der endgültige Kaufpreis wird auf der Grundlage der Markpreise festgelegt, die in einer endgültigen Vereinbarung festgelegt werden.
Der CEO von Guji Technology, Wei Dai, betonte die Bedeutung der Bereitstellung robuster Server als Teil ihres wachsenden Geschäftszweigs in der Hardware-Lieferkette. Das Unternehmen verfolgt das Ziel, seinen Ruf auf dem Markt zu verbessern, indem es seinen Marktanteil an Produkten der Lieferkette, einschließlich Servern, integrierten Schaltkreisen und Tablet-Computern, ausbaut.
Der Schwerpunkt von Top KingWin liegt darauf, Dienstleistungen für Unternehmer und Führungskräfte in kleinen und mittleren Unternehmen in China anzubieten, einschließlich Unternehmensschulungen, Beratungs- und Advisory-Dienstleistungen.
- Potential sale of 1,000 Lenovo servers to Tuoxun Technology
- Expansion of Guji Technology's hardware supply chain business
- Diversification into servers, integrated circuits, and tablet computers
- Non-binding nature of the letter of intent
- Uncertainty in final purchase price and definitive agreement
Insights
This LOI for potential server sales represents a modest expansion of Guji Technology's hardware supply chain business. While the deal size of 1,000 servers is notable, several factors limit its immediate financial impact:
- Non-binding nature of the LOI
- Unspecified pricing
- One-year timeframe
- Relatively small scale compared to Top KingWin's
$62.6M market cap
The strategic value lies in Guji Technology's efforts to grow market share and reputation in the competitive hardware supply chain space. However, this single LOI is unlikely to significantly move the needle on Top KingWin's financials in the near term. Investors should monitor for conversion to a definitive agreement and signs of broader traction in this business segment before assigning much weight to this development.
The LOI with Tuoxun Technology signals Guji Technology's strategic push into the server market, capitalizing on growing data processing demands. Key points to consider:
- Focus on Lenovo ThinkSystem servers indicates targeting enterprise-grade solutions
- Expansion beyond servers to integrated circuits and tablets shows diversification
- Emphasis on market share growth suggests a volume-driven strategy
While this move aligns with industry trends, the impact remains uncertain due to the non-binding nature and lack of financial details. The server market is highly competitive, dominated by giants like Dell, HPE and Lenovo. Guji Technology's success will depend on its ability to differentiate and scale efficiently. Investors should watch for signs of sustained traction and margin performance in this new business line to gauge its long-term potential for Top KingWin.
GuangZhou, China, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Top Kingwin Ltd (the “Company”) (NASDAQ - TCJH) announced today that its subsidiary, Guji Technology (Shenzhen) Co., Ltd. (“Guji Technology”) signed a nonbinding letter of intent (“LOI”) with Tuoxun Technology (Shenzhen) Co., Ltd. (“Tuoxun Technology”), for the potential sale of 1,000 units of Lenovo Think System SR588/860 servers to Tuoxun Technology. The term of the LOI is one year from September 30, 2024 to September 29, 2025, and the parties may not enter into any definitive purchase agreement. The final purchase price will be decided based on the listed market price and the minimum market price for the product to be set forth in a definitive purchase agreement.
Guji Technology’s hardware supply chain business continues to expand, covering areas such as servers, integrated circuits and tablet computers. By continuously growing its market share in supply chain products, Guji Technology plans to enhance its reputation in the market.
Guji Technology CEO Wei Dai commented: “With the rising demand for data processing, providing robust servers has become a key part of our supply chain business. By supplying these servers to Tuoxun Technology, we are expanding our market share in supply chain products.”
Guji Technology remains committed to providing hardware supply to its customers to meet the growing demands. Looking ahead, Guji Technology plans to continue to deepen its partnerships within the industry and further expand its market presence in hardware supply chain.
About Top KingWin Ltd
Top KingWin’s main clients are entrepreneurs and executives in small and medium-sized enterprises in China. Services provided by Top KingWin to its clients including (i) corporate business training services, which mainly focus on providing training services of advanced knowledge and new perspectives on the capital markets, (ii) corporate consulting services, which mainly focus on providing a combination of customized corporate consulting services to fulfill client's unique financial needs, and (iii) advisory and transaction services, which mainly focus on connecting entrepreneurs and businesses with diversified sources of capital. Its mission is to provide comprehensive services to address clients' needs throughout all phases of their development and growth.
Forward-Looking Statements
This press release contains forward-looking statements. All statements other than statements of historical fact in this press release are forward-looking statements, including but not limited to, the use of proceeds from the Company's offering, the intent, belief or current expectations of Top KingWin and members of its management, as well as the assumptions on which such statements are based. 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. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. 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 review other factors that may affect its future results in the Company's registration statement and in its other filings with the SEC.
For more information, please contact:
Bonnie
Email: IR@tcjhgw.cn
SOURCE: Top Kingwin Ltd
FAQ
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