Distribution agreement with Jiangsu Jbingo International Trading

Important channel for sale of Golden Koala Infant Formula to leading Chinese maternal and baby products platforms

The Directors are pleased to announce that JAT has signed a distribution agreement with Jiangsu Jbingo International Co., Ltd (Jbingo). Jbingo will distribute Golden Koala products for both online and offline sales.

Jbingo is a major business-to-business (B2B) distributor in China with bonded warehouses in Hangzhou Xiashan (near Shanghai) and Chongqing Xiyong (in central China) providing national coverage. Jbingo sells to leading Chinese B2B Maternal and Baby platforms such as Hipac, Seatent, Yuouhui, Qianfeng, Mainsweb and DDH, as well as some business-to-consumer platforms such as JD, VIP, Xiaohongshu and Taobao.