On August 5th, Gelonghui announced that since its registration date until the date of this announcement, Smart Globe Holdings (01481.HK) mainly engages in the production, distribution, and printing of books, paper packaging and packaging products. Although the group will continue to operate its existing business, it has always been exploring and seeking potential business opportunities to diversify its sources of income and achieve sustainable growth for the benefit of shareholders.
In this regard, the board of directors gladly informs the company's shareholders and potential investors that the group plans to expand its business to the logistics industry south of the Sahara in Africa, focusing on serving the bulk commodity industry, bulk commodity traders, mine owners and smelters in that region. The group plans to provide logistics services first in the Republic of Zambia ("Zambia"), and then expand to other countries south of the Sahara in Africa, thus entering this market.
The board of directors believes that in the long run, a comprehensive business orientation that combines exploring new business opportunities with consolidating its existing business is in the best interests of the group. This is because it can reduce the overall risks faced by the group's business and enable the group to adapt to market changes in any global crisis and uncertain factors. The expected new business will be the first stepping stone for the group to enter the market south of the Sahara in Africa as part of its diversified business development. The group will continue to look for investment opportunities to further expand its business operations, in order to expand the interests of all its stakeholders as much as possible.