FICUS TECH (08107) establishes strategic business relationship with China Supply and Marketing.

date
14/01/2025
avatar
GMT Eight
FICUS TECH (08107) announced that the group has established a strategic business relationship with China National Supplies and Sales Corporation Limited's wholly-owned subsidiary, China National Supplies Electronic Commerce Corporation Limited (China National Supplies). This marks an important step for the group in expanding its e-commerce platform - "Ficus Exploration" Mall (www.ficusdsc.com) in terms of product supply and fulfilling its mission to support poverty alleviation initiatives. The group aims to cultivate a group of corporate customers and promote their regular bulk purchases on the Ficus Exploration platform. China National Supplies operates an e-commerce platform - www.fupin832.com (832 platform), which was launched in January 2020. The 832 platform implements the Chinese government's mission to strongly support agricultural producers in impoverished areas (832 regions) by promoting products from the 832 regions to institutions and individuals nationwide. Over 70 central enterprises and 3,000 state-owned enterprises have placed orders through the 832 platform, aligning their goals with the direction of the Chinese government. Since its establishment in 2020, the 832 platform has accumulated sales exceeding RMB 50 billion, with over 400,000 items displayed for sale. China National Supplies and Sales Cooperation Society is the united organization of national supply and sales cooperatives, with a total sales volume of RMB 7.3 trillion in 2023, representing a year-on-year growth of 12.6%. On January 13, 2025, in order to implement the cooperation scope under an existing framework cooperation agreement between Liaoning Limestone Energy Trading Co., Ltd. (Limei) and China National Supplies, the group entered into an exclusive supply chain management agreement with Limei for a period of ten years. Under this agreement, the group will: 1. Promote and distribute 832 products through Ficus Exploration. 2. Promote the cross-border export of 832 products through the group's resources and utilizing international quality assurance certifications. 3. Strengthen the construction of product branding to drive cross-border sales.

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