Apr 27, 2018 - VOLUNTARY ANNOUNCEMENT. STRATEGIC COOPERATION AGREEMENT WITH CENTURY YING TONG. This announcement is made
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(Incorporated in the Cayman Islands with limited liability) (Stock Code: 223)
VOLUNTARY ANNOUNCEMENT STRATEGIC COOPERATION AGREEMENT WITH CENTURY YING TONG This announcement is made by Elife Holdings Limited (the “Company”, together with its subsidiaries, the “Group”) on a voluntary basis. STRATEGIC COOPERATION AGREEMENT The board (the “Board”) of directors (the “Director(s)”) of the Company is pleased to announce that on 27 April 2018, the Company and 世紀盈通(北京)企業管理有限責任 公司 (Century Ying Tong (Beijing) Management Company*) (“Century Ying Tong”) entered into a strategic cooperation agreement (the “Strategic Cooperation Agreement”) for a term of three (3) years. Century Ying Tong is a a PRC company principally engaged in provision of retail shop network and supply chain management services. It provides clients with tailor-made services in development and planning of retail shop network, construction of boutique shops, supply chain solutions as well as operational management and investment. In 2007, Century Ying Tong participated in the Supply Chain Solutions for Non-Oil Business of Oil & Gas Industry which was recommended by the China Federation of Logistics & Purchasing as a model project. Pursuant to the Strategic Cooperation Agreement, the Company and Century Ying Tong agreed to initiate cooperation in various areas, including but not limited to the followings: 1.
The parties will enhance mutual cooperation on the supply chain business, retail shops, brand promotion, consolidating resources over different sales channels.
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The parties will utilise the network resources of each other, whilst the Company will provide retail shops supply chain management services to Century Ying Tong.
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The Company will provide Century Ying Tong with the Esmart Cashier System to enhance its management of retail shops.
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The Company will provide support to Century Ying Tong on brand promotion, festive advertisements, customer services and media promotion services, including but not limited to package designs, information network broadcast, outdoor advertisements, database and media promotion.
In addition, in order to enhance the mutual cooperation mechanism, both parties will set up a joint cooperation workgroup to implement the cooperation details contemplated under the Strategic Cooperation Agreement, and will convene business meetings on a routine basis in order to resolve material issues during the cooperation process and boost the operation and implementation of the above matters. The Strategic Cooperation Agreement is a framework document for the long-term cooperation between the Company and Century Ying Tong. The particular businesses involved in the Strategic Cooperation Agreement are subject to the execution of separate business contracts which will set out in detail the subject matter and respective rights and obligations for the relevant cooperation. The Company will publish further announcement in respect of specific business agreement(s) as and when appropriate. To the best knowledge, information and belief of the directors of the Company having made all reasonable enquires, Century Ying Tong and its ultimate beneficial owners are independent of the Company and its connected persons (as defined in the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited). By order of the Board Elife Holdings Limited Chow Chi Fai Company Secretary Hong Kong, 27 April 2018 As at the date of this announcement, the executive Directors are Mr. Zhang Xiaobin, Mr. Gao Feng, Mr. Chiu Sui Keung and Mr. Sun Qiang, the non-executive Directors are Mr. Zhang Yichun and Ms. Xu Ying and the independent non-executive Directors are Mr. Cheng Wing Keung Raymond, Mr. Lam Williamson, Mr. Wong Hoi Kuen and Dr. Lam Lee G. * For identification purposes only
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