智通财经网·2025-12-22 09:13Core Viewpoint - The collaboration agreement between Xinhua Global Holdings and Guangxi Fenglin Wood Industry Group aims to enhance market share and brand influence in the EU wood panel market, establish an efficient sales and service network, and explore deeper industrial cooperation opportunities [1] Group 1: Collaboration Agreement Details - The agreement is signed between Xinhua Global Holdings' subsidiary, Huitong Resources International Co., Ltd., and Guangxi Fenglin Wood Industry Group on December 22, 2025 [1] - The agreement allows Huitong Resources to act as the regional agent for Guangxi Fenglin's wood panel products in several EU countries, including Romania, Serbia, Croatia, Germany, France, and Italy [1] - The agreement is effective for one year from the signing date and can be automatically renewed annually unless either party objects [1] Group 2: Strategic Implications - The board believes that the collaboration aligns with the company's business objectives and will further promote the development of its timber supply chain business [1] - The agency rights for Guangxi Fenglin's products in the relevant regions are expected to generate additional revenue and create synergistic effects with the company's existing operations [1] - This partnership is anticipated to expand and deepen the company's business scope in the EU market [1]