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RooLife Group Ltd (ASX:RLG)

ALERT: Price-sensitive ASX Announcement for RLG
Current share price for RLG : $0.004 -0.001 (-20%)+
Announcement
Release
22 Sep 2025 9:24AM
Price at Release
$0.005
Full Release
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Summary
RooLife Group Ltd, through its subsidiary RLG Global Trading (Zhuhai) Co., Ltd., has secured a $64 million supply and procurement contract with Zhongshan Runlian Commercial Co., Ltd. This two-year agreement is for the supply of RLG branded coffee beans, beverages, food, and coffee machines to the Chinese market. The contract ensures a minimum order commitment, enhancing RLG's revenue visibility and growth potential. This partnership aligns with RLG's strategy to leverage its distribution platform in China to scale its branded food and beverage sales. By collaborating on various sales and marketing strategies, including subscription programs and influencer campaigns, RLG aims to further solidify its market presence in China.
Key Points
  • RooLife Group Ltd secures a $64 million coffee supply deal.
  • The agreement is with Zhongshan Runlian Commercial Co., Ltd.
  • Contract includes supply of coffee beans, beverages, and machines.
  • The deal spans two years with a minimum order commitment.
  • Enhances RLG's growth strategy in the Chinese market.
  • Involves both online and offline sales and marketing collaborations.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.