RELIANCE GLO HL(00723) signed a cooperation agreement with Guangxi Fenglin (601996.SH) to jointly develop the EU market for wood panels and related products.

RELIANCE GLO HL (00723) announced that its indirect wholly-owned subsidiary, Hu Tong Resources International Limited (Hu Tong Resources), signed a cooperation agreement with Guangxi Fenglin Wood Industry Group Co., Ltd. (Guangxi Fenglin) (601996.SH) on December 22, 2025. The purpose of this cooperation agreement is: (1) to jointly develop the European Union market for wood panels and related products, enhance the market share and brand influence of both parties in the European Union; (2) to establish an efficient sales and service network in the European Union, providing customers with high-quality products and services; (3) to explore deeper industrial cooperation, including but not limited to establishing sales points, product consignment sales, supply chain integration, and the possibility of future joint construction of factories. Guangxi Fenglin authorizes Hu Tong Resources and/or its affiliated companies to act as its regional agents for wood panel products in Romania, Serbia, Croatia, Germany, France, and Italy within the European Union. The cooperation agreement is effective for one year from the signing date, and can be automatically renewed for one year upon expiration, unless either party objects. The Board of Directors believes that signing the cooperation agreement is in line with the group's business objectives, and will further promote the development of the group's timber supply chain business, creating opportunities for the group's long-term growth. The Board of Directors also believes that the agency rights of Guangxi Fenglin products in the relevant regions can bring additional income to the group, generate synergies and development opportunities with the group's existing business, thereby further expanding and deepening the group's business scope in the European Union market.