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ISP GLOBAL(08487)与有赞科技订立战略合作框架协议

isp global (08487) has signed a strategic cooperation framework agreement with Youzan Technology.

Zhitong Finance ·  Oct 30, 2024 09:09

ISP GLOBAL (08487) issued an announcement, and the company approved it on October 30, 2024...

Zhitong Finance App News, ISP GLOBAL (08487) announced that the company signed a strategic cooperation framework agreement with Youzan Technology Co., Ltd. (“Youzan”) on October 30, 2024 for a period of three years. The agreement establishes a framework for cooperation between the two parties, which mainly includes:

1. Youzan authorized company (including its affiliates and subsidiaries) to sell SaaS products to different types of customers within the scope of the parties' licenses and/or regions as sales agents for online and offline e-commerce solutions (also known as SaaS (Software as a Service)) and various payment services (“SaaS products”) under Youzan's license;

2. The agreement is a strategic cooperation intention between the two parties. The specific details of the cooperation are agreed upon in terms of specific business subsequently reached between the two parties;

3. The regions covered by this cooperation between the two parties under this agreement include the regions agreed by the two parties under the final agreement on specific business cooperation; and

4. The two sides agreed to give full play to their respective advantages and cooperate closely to further consolidate and expand the business advantages of all parties in future global expansion

As of the date of this announcement, the Group's main business was: (1) sales and provision of integrated network, audio and communication system services (“NSC Division”); and (2) provision of e-commerce operation services. The board of directors believes that the signing of this agreement will help the Group expand the scope of business of the NSC division to sales of SaaS products, facilitate the diversified development of the Group's business; and give full play to the potential of the Group's existing diversified teams in Southeast Asian countries and other regions to open up a broad new SaaS market. This will help the Group diversify its business and revenue sources, ultimately enhance the Group's business scale and profitability, and conform to the overall interests of the company and its shareholders.

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