Jatcorp has signed a sales incentive agreement with H&S International to boost sales of Moroka milk formula in Mainland China.
Under the agreement, H&S can invest in Jatcorp through an allotment and issuance of shares but conditional on the e-commerce stores operator reaching a product purchase of at least $8 million this fiscal year and an accumulated $25 million in FY25 and FY26.
If H&S meets the targets, Jatcorp may issue up to 4 million shares, representing 4.8 per cent of its current issued capital.
“H&S has been a valued partner in our China growth strategy, demonstrating strong historical sales performance and an ability to scale our presence in key e-commerce channels,” said Jatcorp CEO Sunny Jian Xin Liang.
“This agreement is a natural evolution of our strong partnership and provides a structured incentive to further align our objectives and expand our market penetration in the ‘Mother and Baby’ and ‘Health Supplements’ categories.”
H&S International operates over 200 cross-border online stores in China’s e-commerce platforms Tmall, JD, VIP, Kaola, Taobao, and Pinduoduo.
