ECMOHO and China Resources Ng Fung Enter into Strategic Partnership in the Sale of High Quality Food
March 30 2020 - 1:00PM
ECMOHO Limited ("ECMOHO" or the "Company"; Nasdaq: MOHO) and China
Resources Ng Fung, a member of the China Resources Group, have
entered into a strategic partnership to introduce high quality food
products to Chinese consumers. Under the partnership, ECMOHO will
help China Resources Ng Fung gain operational insights towards
inventory management and product design through ECMOHO’s data
analysis and technology.
With the rising demand for high-quality food
essentials, organic food products in China are expected to grow
rapidly in the coming years. ECMOHO helped China Resources Ng Fung
launch its organic rice for Chinese consumers in the market this
month. Through this strategic partnership, China Resources Ng Fung
is expected to achieve higher growth and market share in the long
term.
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This news release contains forward-looking
statements within the meaning of Section 21E of the Securities
Exchange Act of 1934, as amended, and as defined in the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates," "target," "going forward," "outlook" and
similar statements. Such statements are based upon management's
current expectations and current market and operating conditions,
and relate to events that involve known or unknown risks,
uncertainties and other factors, such as the Company’s expected
growth of the online retail industry in China, the Company’s
expectations regarding demand for and market acceptance of its
products and services, the Company’s expectations regarding its
relationships with its brand partners and e-commerce channels, and
the level of consumer economic activity in China, all of which are
difficult to predict and many of which are beyond the Company's
control, which may cause the Company's actual results, performance
or achievements to differ materially from those in the
forward-looking statements. Further information regarding these and
other risks, uncertainties or factors is included in the Company's
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Company does not undertake any obligation to update any
forward-looking statement as a result of new information, future
events or otherwise, except as required under applicable law.
About ECMOHO Limited
ECMOHO is a leading integrated solution provider
in the rapidly growing non-medical health and wellness market in
China. The Company acts as the bridge between brand owners and
Chinese consumers by marketing and distributing health supplements
and food, mother and child care products, personal care products,
household healthcare equipment and other health and wellness
products. Through over seven years of operation, ECMOHO has built
an ecosystem where Chinese consumers are provided with customized
health and wellness solutions that include quality products and
trustworthy content.
For more information, please visit
http://ir.ecmoho.com/.
For investor and media inquiries, please contact:
ECMOHO Ltd. Ms. Ellen Chiu Email:
ir@ecmoho.com
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