2 March 2022
MiLOC GROUP LIMITED
("MiLOC", "the Group" or "the Company")
EXCLUSIVE DISTRIBUTION RIGHTS
MiLOC is pleased to announce that its wholly-owned subsidiary, MiLOC Biotechnology Limited, has been granted the exclusive distribution rights by CRUSHMETRIC Limited (hereinafter collectively referred to as "the Partner") to distribute our Partner's designer products including but not limited to the CRUSHMETRIC SwitchPen in all online and offline platforms.
The Partner was established in 2021 and is 51% owned by Noah Deledda who is a famous American can sculptor and artist, and 49% owned by Mr. Ong Ban Poh Michael, CEO of MiLOC.
The Directors believe that by bringing new product lines to the Group, the brand awareness of MiLOC will be enhanced and its sales revenues will increase.
The directors of the Company accept responsibility for the contents of this announcement.
For further information, please contact:
ONG Ban Poh Michael - Chief Executive Officer
Lilian Lo - Acting Chief Financial Officer
Tel: +852 2110 4221
AQSE Growth Market Corporate Adviser
PETERHOUSE CAPITAL LIMITED
Tel: +44 (0) 20 7469 0930