Wangrix Sport Public Company Limited announced that on March 11, 2024, the company entered into new material trade agreements; (1) Agreement for the Distribution of Commodities, to appoint SHANGHAI HUIZHONG TECHNOLOGY CO., LTD. and its affiliated company, such as Himaxx Outlet as an exclusive distributor for Warrix's products in China and (2) Trademark Licensing Agreement to granting the Company's trademark rights in the manufacturing and distributing products under Warrix brand in China to SHANGHAI HuiZHong TECHNOLOGY CO. Ltd. The contracts have a period of 5 years. When the contract expires, both parties will reconsider extending the contract for another 5 years.

Benefits to Warrix's business operation: This strategic cooperation will help strengthen awareness of Warrix brand among Chinese customers. It's the start of penetration into large market in China, with a partner who has expertise and understanding of local market demands. It has more than 3.5 million of loyal customers in its membership database and has a variety of sales channels in China.

The company will be able to distribute existing products and new products to various sales channels of SHANGHAI HUIZHONG TECHNOLOGY CO., LTD. and Himaxx Outlet. Therefore, the company can expand its business growth to new potential markets in the future.