The board of directors of Chervon Holdings Limited announced that the Company has entered into a strategic agreement with Deere & Company, pursuant to which a range of the Group's EGO-branded lithium battery products will be available at John Deere dealers in the United States and Canada starting from the third quarter of 2023. The Company and John Deere will collaborate on future product development. The Company believes that the collaboration leverages on the strengths of both parties and further expands the distribution of EGO's lithium battery-operated outdoor power equipment.

The availability of EGO-branded products at John Deere's robust and extensive sales network provides easy access to the Group's products for customers in North America.