Zhixun Finance APP learned that Wumart Technology(ISPR.US) announced today that its wholly-owned subsidiary, Aspire Science and Technology Limited, has established an original design and manufacturing (ODM) relationship with a leading global atomization product brand ("Customer").

The company has started receiving monthly orders of 3 million units, which are expected to remain stable in the next 12 months, bringing Wumart Technology's revenue of more than $100 million annually. The first batch of orders will be shipped in July 2024. As the customer continues to place orders with the company, Wumart Technology expects the relationship to continue and expand in the coming years.

Michael Wang, the joint CEO of Wumart Technology, said: "The customer's confidence in our ODM business demonstrates our focus on technology and manufacturing expertise. This supply agreement highlights Wumart Technology's production scale and quality, indicating that we are recognized as the global leader in atomization product equipment design and manufacturing. Working with such a high-level partner to enter the global electronic cigarette ODM field further consolidates our global nicotine strategy."