Fast Moving Commodity Goods (FMCG) MOU Signed with “Shanghai Mallsion Industrial Co. Ltd”

Jatenergy signs an MOU with “Shanghai Mallsion Industrial Co. Ltd” to distribute Jatenergy’s Australian FMCG product and seek Chinese product for distribution in Australia.

The directors of Jatenergy Limited (“Jatenergy”, “the Company”) are pleased to announce that the Company has entered into an MOU with “Shanghai Mallsion Industrial Co. Ltd” to distribute and market product sourced by Jatenergy for sale into China and for Chinese product into Australia. The agreement allows for both parties to assist in developing marketing and product strategies in light of the recent Free Trade Agreement between Australia and China. This agreement provides Jatenergy with direct distribution representation in China, an advantage that will assist in gaining market share through Shanghai Mallsion’s expertise and distribution network.

Shanghai Mallsion is a Shanghai based trading company group that manufactures and distributes product. Manufacturing includes metal fabrication, aluminium die‐casting, plastic injection and MDF painting. It also imports and distributes farm and food products. Shanghai Mallsion has strong business connections with the Chinese Government and relevant import/export authorities. It has an extensive local and international distribution network and provides trading companies with one‐stop turnkey solutions. The company has been operating for over 15 years with experienced management that have a deep understanding of Chinese and international import and export compliance requirements. Shanghai Mallsion is focused on bringing Jatenergy’s Australian product for China and vice versa, Chinese product to the Australian market. Under the recent China Free Trade Agreement, Shanghai Mallsion have decided that there is real opportunity working with Jatenergy.