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DJ Early Equity Plc Relationship Agreements

 
TIDMEEQP 
 
2 September 2019 
 
                               Early Equity PLC 
 
                       ("Early Equity" or "the Company") 
 
                            Relationship Agreements 
 
Early Equity Plc (ISDX: EEQP) is pleased to announce that the Company has 
entered into relationship agreements with Yicom Global Sdn. Bhd. ("Yicom") in 
which the Company has a 47.14% stake, and MEIhome (M) Sdn Bhd ("Meihome") in 
which the Company has a 60% stake, and together (the "Relationship 
Agreements"). 
 
The Relationship Agreements have been entered into to formalise its existing 
relations and ensure that the business and affairs of all parties' respective 
rights and obligations in relation to the Project creates long-term sustainable 
growth in shareholder value. 
 
Relationship Agreement with Yicom: 
 
Each party has agreed, among other things, that the agreement shall commence on 
1 September 2019 and shall continue until the fifth anniversary of the date of 
the agreement unless terminated by either party. Furthermore, each party agrees 
to co-operate in relation to the Project and each party has no right to bind 
the other party to certain material contracts. Yicom has agreed to pay a 
monthly fee of GBP1,500 to Early Equity. 
 
Relationship Agreement with Mei home: 
 
Each party has agreed, among other things, that the agreement shall commence on 
1 September 2019 and shall continue until the fifth anniversary of the date of 
the agreement unless terminated by either party. Furthermore, each party agrees 
to co-operate in relation to the Project and each party has no right to bind 
the other party to certain material contracts. Meihome has agreed to pay a 
monthly fee of GBP1,500 to Early Equity. 
 
Yicom is the sole importer and patent holder of a series of healthcare products 
from various countries and in particular China. Yicom has a Sole 
Distributorship Agreement with Early Infinity Holdings Sdn. Bhd. a direct sales 
company holding licences to operate a multi-level marketing business in 
Malaysia. 
 
Meihome e-commerce platform is an online marketplace which offers merchants 
(i.e. retailers or wholesalers) a platform to market and sell their products 
and/or services to business and retail consumers. 
 
Early Equity Chief Executive Edwin Chua Siew Lian said: " As the Company is now 
focussed on working closely with our associated companies, we are pleased that 
we have implemented these relationship agreements to formalise the work we are 
doing in unison with Yicom and MEIhome to help maximise the opportunities." 
 
The directors of Early Equity Plc accept responsibility for this announcement. 
 
For further information please contact: 
 
Greg Collier 
 
Tel: +44 7830 182501 
 
NEX EXCHANGE CORPORATE ADVISER: 
 
Alexander David Securities Limited 
 
David Scott - Corporate Finance 
 
James Dewhurst - Corporate Broking 
 
Telephone: +44 (0) 20 7448 9820 
 
http://www.ad-securities.com 
 
 
 
END 
 

(END) Dow Jones Newswires

September 02, 2019 02:00 ET (06:00 GMT)