Zoono Group Limited (Company) (ASX: ZNO) is pleased to announce that it has entered into
an exclusive distribution agreement with Beijing Youmeng Technology and Development
Limited for the childcare and hotel sectors in China.
Following the Coronavirus outbreak, there has been unprecedented interest in Zoono’s
technology given its proven efficacy against viruses and bacteria and ability to prevent cross
The material terms of the new distribution agreement are:
1. An initial five (5) year term;
2. Exclusivity in all childcare and hotel markets in China;
3. Minimum purchase volumes of:
• NZD$1.5m in the first 18 months;
• NZD$2.3m in year two; and
• NZD$3.0m in year three,
and thereafter increasing by 10% per annum; and
4. Full payment is required for all product orders prior to shipping.
Zoono has received an initial payment of NZD$775,000 from Beijing Youmeng Technology and
05-May-2020: Company Update
The market liked it. ZNO +20.33% today.