Xinxing Printing (01975) subsidiary plans to subscribe for up to 15% of GoESG's issued share capital for US$850,000

Zhitong Finance App News, Xinxing Printing (01975) announced that ESG Print Limited (ESG Print), an indirect wholly-owned subsidiary of the company, signed an investment agreement with GoESG Limited (GoESG) on October 15, 2024. Under the investment agreement, ESG Print has agreed to subscribe for up to 15% of GoESG's issued share capital at a cost of US$850,000 on a fully diluted basis. The Group is strategically investing in GoESG through ESG Print as part of its new direction to implement the company's key core principles and values, such as environmental, social and governance, and expand its product supply.

According to the announcement, the investment in GoESG is in line with the company's commitment to sustainable development and innovation, while diversifying the Group's printing business. This investment allows the Group to seize the huge growth opportunities in the ESG layout and is expected to create significant value for shareholders.