BAIYU Holdings, Inc. reports that its subsidiary, BMYA New Energy Technology Inc., has entered into a sales contract with Feng's Auto Parts Inc. to sell 50,000 sets of electric lithium batteries for $60 million. The deal requires a 35% deposit with the remainder due after inspection and acceptance of the products, and the closing is expected in or around May 2025. The products will be delivered to the port of Los Angeles, and ownership will transfer upon delivery inspection.
List of names: - BAIYU Holdings, Inc. - BMYA New Energy Technology Inc. - Feng's Auto Parts Inc. - Renmei Ouyang (Chief Executive Officer of BAIYU Holdings, Inc.)