CCSC Technology International Holdings Limited Enters into International Purchase Agreement with SHI / LIGHTCARE-SOLUTIONS ApS
20 June 2024 - 10:30PM
CCSC Technology International Holdings Limited (the “Company” or
“CCSC”) (Nasdaq: CCTG), a Hong Kong-based company that engages in
the sale, design and manufacturing of interconnect products,
including connectors, cables and wire harnesses, today announced
that it has entered into an international purchase agreement (the
“Agreement”) with SHI / LIGHTCARE-SOLUTIONS ApS (“SHI”), a Danish
company that primarily engages in the design and supply of
healthcare lighting products.
Pursuant to the Agreement, CCSC will
manufacture and supply healthcare lighting products based on the
designs provided by SHI to customers in the Asia Pacific region.
Under this Agreement, the parties estimate that the annual
purchasing amount will start at €0.50 million (approximately
US$0.54 million) in 2025 and increase to €3.50 million
(approximately US$3.76 million) in 2030.
Mr. Kung Lok Chiu, Chief Executive Officer and
Director of the Company, commented, “We are thrilled to partner
with SHI to expand our healthcare lighting business in the Asia
Pacific market. This partnership aligns with our strategic goal of
diversifying our product portfolio and expanding our presence in
the healthcare sector. Through our collaboration with SHI, we are
poised to deliver innovative and effective lighting solutions that
meet the needs of customers in the healthcare industry. We believe
this collaboration will drive growth for both companies in the
foreseeable future.”
About CCSC Technology International
Holdings Limited
CCSC Technology International Holdings Limited,
is a Hong Kong-based company that engages in the sale, design and
manufacturing of interconnect products. The Company specializes in
customized interconnect products, including connectors, cables and
wire harnesses that are used for a range of applications in a
diversified set of industries, including industrial, automotive,
robotics, medical equipment, computer, network and
telecommunication, and consumer products. The Company produces both
OEM (“original equipment manufacturer”) and ODM (“original design
manufacture”) interconnect products for manufacturing companies
that produce end products, as well as electronic manufacturing
services (“EMS”) companies that procure and assemble products on
behalf of such manufacturing companies. The Company has a
diversified global customer base located in more than 25 countries
throughout Asia, Europe and the Americas. For more information,
please visit the Company’s
website: http://ir.ccsc-interconnect.com.
Forward-Looking Statements
Certain statements in this announcement are
forward-looking statements, including, but not limited to, the
Company's proposed Offering. These forward-looking statements
involve known and unknown risks and uncertainties and are based on
the Company’s current expectations and projections about future
events that may affect its financial condition, results of
operations, business strategy and financial needs. Investors can
find many (but not all) of these statements by the use of words
such as “may,” “will,” “could,” “expect,” “anticipate,” “aim,”
“estimate,” “intend,” “plan,” “believe,” “is/are likely to,”
“propose,” “potential,” “continue”, or other similar expressions in
this press release. The Company undertakes no obligation to update
or revise publicly any forward-looking statements to reflect
subsequent occurring events or circumstances, or changes in its
expectations, except as may be required by law. Although the
Company believes that the expectations expressed in these
forward-looking statements are reasonable, it cannot assure you
that such expectations will turn out to be correct, and the Company
cautions investors that actual results may differ materially from
the anticipated results and encourages investors to review other
factors that may affect its future results in the Company’s
registration statement and other filings with the U.S. Securities
and Exchange Commission.
For more information, please
contact:
CCSC Technology International Holdings
LimitedInvestor Relations
DepartmentEmail: ir@ccsc-interconnect.com
Ascent Investor Relations LLCTina XiaoPhone:
+1-646-932-7242Email: investors@ascent-ir.com
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