The board of directors of Future Machine Limited announced that, as part of the Group's ongoing business expansion into overseas markets, the Group has entered into nine memorandums of understanding and formed long term strategic partnerships, along with a collaborative business model centered on shared value innovation, with several reputable telecommunications and mobile phone distribution companies in the United Arab Emirates, the People's Republic of Bangladesh, the Republic of India, the Republic of Sri Lanka and Turkiye etc between October 2025 and January 2026. These cooperations are of significant importance to the Group's international marketing strategy of business transforming from the traditional ODM model to exporting integrated solutions to overseas markets, representing a fundamental step forward. This strategy targets emerging markets with massive populations and surging demand for mobile phones and smart devices.
By fully capitalizing on expertise in hardware and software, operating systems and artificial intelligence development, research and innovation as well as comprehensive ecosystem building, the Group has forged alliances with the Business Partners, to bring technical and market knowledge into the territories. Pursuant to the MOUs, each party will leverage their respective strengths and resources to achieve full collaborations in order to seize commercial opportunities and to develop shared intellectual properties. Furthermore, the Group will also supply mobile phones and smart devices and assist to the Business Partners in promoting product brands and to increase market share in the relevant regions.
As at the date of this announcement, the Business Partners placed orders for 1.5 million mobile phones with an aggregate contract sum of approximately USD100 million. With an aim to sustain a long-term market development in these emerging markets, the Group will also provide support in all aspects for the establishment of certain Business Partners' local production and manufacturing plants, including but not limited to testing, engineering support, local research and development and the strategic creation of a broader ecosystem covering smartphones, tablets, artificial intelligence of things products and related categories.
