Silver Base Group Holdings Limited (“Silver Base” or the “Group”, stock code:886) is pleased to announce that its subsidiary Silver Base Trading and Development (Shenzhen) Co., Limited (“Shenzhen Silver Base Trading”) has entered into the Exclusive Distribution Agreement with Jilin Daquanyuan Wine Co., Ltd.(“Jilin Daquanyuan”).
Pursuant to the Exclusive Distribution Agreement, Shenzhen Silver Base Trading has been appointed as the sole PRC distributor of Guo Bao Daquanyuan brand products produced by Jilin Daquanyuan, for a term of 20 years commencing from 1 April 2012 to 1 April 2032.
Jilin Daquanyuan is principally engaged in the production of baijiu (白酒) under Daquanyuan brand. As approved by the State Council in June 2008, Daquanyuan’s traditional baijiu (白酒) brewing technique has been enlisted in the State’s Catalogue of Intangible Cultural Heritage (second batch). Wuliangye’s traditional brewing technique has also been enlisted in the same batch of the Catalogue.
Mr. Liang Guoxing, Chairman of Silver Base Group said, “The Exclusive Distribution Agreement with Jilin Daquanyuan not only achieve our target of further expanding the product line, but also shows that more and more upstream suppliers are interested in building partnerships with us. Looking ahead, we will strive for the best on the promotion and sales of new products, creating new source of income for the Group”.