HAIKOU, China, July 2, 2024 /PRNewswire/ -- JX Luxventure
Limited (Nasdaq: JXJT) (the "Company"), a technology company
engages in integrated tourism services, including tourism,
duty-free cross-border goods, and comprehensive e-commerce
technology solutions, today announced that, on July 1, 2024, Jinxuan (Hainan) Holding Group Co., Ltd ("JX
Hainan"), a subsidiary of the Company, entered into and
executed a Cooperation Agreement (the "Agreement")
with Tianjin Zhongsheng United Automobile Trading Co.,
Ltd. ("Tianjin Auto Trading"). We anticipate that,
based on this collaboration, pursuant to the Agreement, Tianjin
Auto Trading will market and sell to customers high-end foreign
luxury automobiles supplied by JX Hainan in the amount not less
than USD100,000,000.
Ms. Sun "Ice" Lei, Chief Executive Officer of the Company,
commented: "Since I was appointed as the Company's CEO in 2020, the
Company has drastically changed its business model, proving it can
achieve high revenue growth and profitability. This partnership not
only keeps the Company on track for high revenue growth but also
maintains a healthy profit margin. Moreover, it combines Jinxuan's
international automotive procurement expertise with Tianjin Auto
Trading's robust Chinese sales platform. We believe that this
combination will efficiently bring more luxury vehicles into the
growing Chinese market and deliver an exceptional customer
experience. We are delighted that we received access to the most
desirable luxury brands and models. Working alongside Tianjin Auto
Trading's extensive sales reach and new media expertise, we are
optimistic that these premium vehicles seamlessly reach excited
customers across China, providing
premium logistics, financing solutions, and other services. This
synergistic relationship will create tremendous value on both sides
as we introduce more Chinese consumers to the world's finest
automobiles."
About JX Luxventure Limited
Headquartered in Haikou, China, JX Luxventure Limited is a technology
company engages in integrated tourism services, including tourism,
duty-free cross-border goods, and comprehensive e-commerce
technology solutions. To learn more about the Company,
please visit its corporate website at
https://www.jxluxventure.com/en/.
Safe Harbor Statement
This press release may contain certain "forward-looking
statements" relating to the business of JX Luxventure Limited, and
its subsidiary companies. All statements, other than statements of
historical fact included herein, are "forward-looking statements"
in nature within the meaning of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements, often
identified by the use of forward-looking terminology such as
"believes," "expects" or similar expressions, involve known and
unknown risks and uncertainties. Although the Company believes that
the expectations reflected in these forward-looking statements are
reasonable, they do involve assumptions, risks and uncertainties,
and these expectations may prove to be incorrect. Investors should
not place undue reliance on these forward-looking statements, which
speak only as of the date of this press release. The Company's
actual results could differ materially from those anticipated in
these forward-looking statements as a result of a variety of
factors, including those discussed in the Company's periodic
reports that are filed with the Securities and Exchange Commission
and available on its website (http://www.sec.gov). All
forward-looking statements attributable to the Company or persons
acting on its behalf are expressly qualified in their entirety by
these factors. Other than as required under the securities laws,
the Company does not assume a duty to update these forward-looking
statements.
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SOURCE JX Luxventure Limited
