Disclosure regarding the execution of a strategic and exclusive manufacturing and supply agreement
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Last Mile Enterprises' material subsidiary Damson Technologies (Hong Kong) Ltd has signed an exclusive manufacturing and supply agreement with Jiangmen Chuangwei Display Technology Co. Ltd, a Chinese subsidiary of global electronics major Skyworth Group. Jiangmen Chuangwei will design, manufacture, and supply interactive flat panel display products for international markets under this deal. The partnership gives Last Mile access to ISO-certified, large-scale manufacturing capacity to fulfill international orders and offer OEM/ODM services to global clients across APAC, MENA, and North America. The company frames this as a key step in its transformation into a globally integrated, asset-light, design-driven electronics manufacturer. The move complements its consumer electronics brand Just Corseca, alongside its existing real estate (Fair Lane) and agri-tech (AgriMile) businesses.
For shareholders, this exclusive tie-up with a Skyworth Group entity strengthens Last Mile's global electronics ambitions without requiring heavy capital expenditure on factories, potentially boosting margins and international revenues for the Just Corseca brand. The strategic shift is positive in direction but execution risk and actual revenue contribution will only become clear over coming quarters.