[ET Net News Agency, 4 December 2019] Xinji Shaxi Group Co., Ltd (03603) said the
company is in the process in negotiating a strategic cooperation framework memorandum
with the China Hotel Supplies Association, the hotel supplies associations of provinces
and cities of the People's Republic of China, the market players of hotel supplies
industry and Guangdong Xinji Fengchao Technology Co., Ltd.
The parties will carry out strategic cooperation in e-commerce business by, among
others, developing (i) a one-stop e-commerce platform for trading and supplying of hotel
supplies to enhance efficiency in upstream and downstream transactions of hotel supplies;
and (ii) e-commerce platforms for trading, research and development, logistics,
international convention and exhibition and financial settlement. (RC)