Kennede Electronics Mfg.Co.Ltd(002723) 1 8 announcement, one day, signed the one belt, one road strategic cooperation framework agreement between and Germany. The two sides will give full play to their resource advantages and develop cooperation in brand agency cooperation and R & D cooperation. Platinum will authorize the sale of the brand “Boulder platinum” brand to the company. Agreed one belt, one road, along the country and region exclusive sale of “Boulder platinum” brand electronic cigarette products.
According to the agreement one belt, one road, the authorized product of Boulder, is authorized by the company to sell the “GMV” target area in the area along the “one belt” Road area. The target of the company is no less than 10 million US dollars (or RMB 63 million yuan). If the sales target completion rate of the company is less than 80%, platinum will have the right to recover the regional distributor agency power of the company.
One belt, one road, and the other countries and regions will also be innovative in research, manufacturing and technology upgrading. The new products or technology upgrading products can be sold by the joint brand. The company has the advantages of the whole industrial chain integrating production, research and marketing. Mutual cooperation between the two sides will produce industrial synergy, give full play to the advantages of both sides, and innovate and win-win in the R & D of electronic cigarette products.
In November 2021, the company announced that Yunhai venture, a subsidiary of the company, invested in Baide and held about 2.5840% equity of Shenzhen Baide. Baide previously won Genimous Technology Co.Ltd(000676) investment and reached strategic cooperation with Telling Telecommunication Holding Co.Ltd(000829) . The new electronic cigarette “little yellow croaker” produced by Baide in cooperation with Huayu technology, a wholly-owned subsidiary of Yunyan international, has been listed overseas. This time, Bode has further reached a number of business cooperation with the company, which is expected to further improve the previous cooperation effect and form a multiple resonance between new markets and new products.
It is reported that at present, the overall layout prospect of Baide overseas is good. Baide’s subsidiary, the United States, has submitted a pre listing application (PMTA) for tobacco products to the U.S. Food and Drug Administration (FDA) and has entered the stage of substantive scientific review. According to the official website of FDA, there are a total of 14 pre marketing applications (PMTA) for tobacco products applied by Baide in the United States, including 8 electronic atomizing liquid projects and 6 electronic atomizing tobacco hardware equipment projects, becoming the only Chinese funded enterprise to submit the application for PMTA for tobacco oil. (Huang Shu)
(source: Shanghai Securities News · China Securities Network)
