Core Viewpoint - Reitar Logtech has signed a three-year Strategic Cooperation Framework Agreement with Optimize Integration Group to create a digital finance-driven global food supply chain platform for the food and beverage industry [1][2]. Group 1: Partnership Details - Optimize Integration Group is a leading player in China's imported frozen meat and seafood market, with a revenue of approximately RMB 70 billion and an 18% share of China's total meat imports [2][3]. - The partnership will establish Reitar as the exclusive agent for Optimize Integration Group's overseas frozen meat procurement, with a first-year procurement target set at RMB 1 billion [3][6]. - The collaboration aims to integrate their strengths in supply chain management, logistics technology, and digital customs clearance to enhance the efficiency and transparency of the food supply chain [2][5]. Group 2: Strategic Cooperation Elements - The cooperation includes exclusive procurement agency status for Reitar, ensuring access to stable and compliant overseas sources while optimizing procurement costs [6]. - A joint task force will be formed to integrate Optimize Integration Group's "Intelligent Supply Chain Platform" with Reitar's "Overseas Procurement and Logistics Management System," enabling real-time visibility and data synchronization [6]. - Reitar will lead the development of innovative supply chain financing solutions, supported by Optimize Integration Group, to enhance capital efficiency and financial savings [6][7]. Group 3: Industry Impact - This strategic cooperation is positioned as a significant advancement in building a next-generation global food supply chain ecosystem, focusing on transparency, resilience, and value creation through technology and finance [7]. - The partnership is expected to optimize the traditional trade cycle and better serve the growing demand for high-quality imported food in China [7].
Reitar Logtech Signs Strategic Cooperation Framework Agreement with Optimize Integration Group, First-year Procurement Target of RMB 1 Billion