GLONGHUI Feb. 22 | St. Lycot International Group announced the establishment of a long-term supply partnership with Dingjide. Through this cooperation, Dingjide will manufacture some of the products of the St. Lecote International Group in China as a co-manufacturer. According to the supply agreement, St. Lecote International Group will stop production and operation at the Jinshan plant in Shanghai and list the plant and related legal entities for sale. According to reports, its Jinshan production facility is expected to stop production and operation on July 31, 2024. Dingjide announced last night that the company signed the relevant “Production and Processing Agreement” and “International Distribution Agreement” with Saint Lecote International Trade Co., Ltd. The contract products include a variety of antioxidant products. According to the relevant terms of the above contract, if the relevant contract is successfully executed, it will have a positive impact on the company's business performance. The company is expected to increase sales revenue by 3-350 million yuan each year, and sales revenue is expected to increase by about 5% year by year.