Inlif subsidiary signs $30M supply deal with Hengsheng Toys

Quanzhou, China - Inlif Limited, a Cayman Islands holding company, has announced a three-year supply deal with Jinjiang Hengsheng Toys Co., Ltd., valued at $30 million. The agreement, signed by Ewatt Robot Equipment Co., Ltd., an operating subsidiary of Inlif, outlines six phases of product procurement and supply worth approximately $5 million each over six months.

This structured cooperation, not serving as a minimum purchase or supply commitment, entails product procurement, manufacturing, supply, and supporting services. Ewatt will align production and supply resources based on actual order requirements, manufacturing capacity, and delivery schedules. The collaboration will revolve around Ewatt's existing products and related business operations.

Jinjiang Hengsheng Toys Co., Ltd., associated with HENG SHENG HOLDING GROUP COMPANY LIMITED on the KOSDAQ market, will benefit from this strategic partnership. Ewatt, specializing in research, development, manufacturing, and sales of injection molding machine-dedicated manipulator arms, also offers installation, warranty, and accessories services for these products.

The final specifics, including procurement quantities, order values, and delivery schedules, will be determined as per the parties' evolving business needs.