Latest news with #Eshallgo
Yahoo
21 hours ago
- Business
- Yahoo
EHGO and Photonetco Form Exclusive National Partnership to Expand in China's Office Equipment Market
SHANGHAI, July 7, 2025 /PRNewswire/ -- Eshallgo Inc. (Nasdaq: EHGO), a leading provider of integrated office solutions in China, today announced that its wholly owned subsidiary, Shanghai ESHALLGO Enterprise Development (Group) Co., Ltd. ("ESHALLGO Group"), has entered into a nationwide strategic partnership agreement (the "Agreement") with Tianjin Photonetco Electronic Technology Co., Ltd. ("Photonetco"), one of China's top three office equipment manufacturers. The Agreement appoints EHGO as Photonetco's exclusive national strategic partner, underscoring a critical advancement in EHGO's efforts to expand within China's growing office equipment market. According to Cognitive Market Research, China's office printer market alone is valued at over USD 5 billion as of 2024, and is expected to grow at a compound annual growth rate (CAGR) of 6% through 2031. When including office consumables, services, and broader enterprise integration, the total addressable market exceeds USD 10 billion, driven by national policies promoting domestic technology adoption, data security, and procurement independence among Chinese enterprises. Under the agreement, Photonetco will provide EHGO with more than 10 custom-developed printer models, ranging from entry-level to enterprise-grade categories, and grant EHGO nationwide distribution rights for both hardware and consumables. EHGO will also gain access to Photonetco's comprehensive national after-sales service and maintenance network. In addition, Photonetco will support EHGO through professional technical training, authorized service station support, formal authorization documentation for EHGO and its affiliates, and the provision of promotional and marketing materials as needed to strengthen market development and brand promotion efforts. In return, EHGO will be committed to meeting minimum purchase targets and maintaining sufficient inventory to ensure uninterrupted nationwide supply. EHGO will strictly adhere to Photonetco's rigorous channel management and compliance requirements, including regular sales reporting, transparent project registration, and strict protection of brand reputation and market integrity. This strong framework underscores both parties' dedication to long-term collaboration and the high standards required to serve China's growing enterprise market. The two companies have a longstanding commercial relationship through Junzhang Digital Technology (Shanghai) Co., Ltd., an EHGO subsidiary that has been a licensed distributor of Photonetco products. This new agreement formalizes and significantly expands the scope of that relationship. "Localization is reshaping China's enterprise procurement landscape. Our partnership with Photonetco enables EHGO to accelerate its strategic presence during this transition by delivering secure, high-performance, and cost-effective solutions tailored for domestic demand," said the EHGO management team. Founded over 70 years ago, Photonetco introduced China's first fully self-developed black-and-white laser printer in 2010 and has remained at the forefront of secure printing solutions through continuous investment in independent R&D and intelligent manufacturing. This collaboration strengthens EHGO's ability to offer a differentiated and competitive office equipment portfolio to Chinese enterprises and government entities alike. The partnership reinforces EHGO's mission to support national industrial upgrading, broaden its proprietary offerings, and drive long-term shareholder value through participation in one of the most promising segments of China's technology-enabled enterprise market. Sources: Cognitive Market Research, Office Printer Market Report – China, 2024–2031https:// About Eshallgo Inc Eshallgo, Inc is one of China's leading office solution providers with a global perspective. The company focuses on two market segments: the sales and leasing of office supplies, as well as after-sales maintenance and repair services. With a wide-ranging presence across 20 provinces in China, its mission is to become an all-in-one office integrator and service provider, offering competitive comprehensive office solutions and services, expanding into service markets beyond office equipment, and continuously creating maximum value for customers. For more information, please visit the company's official website at and Forward-Looking Statements All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and in its other filings with the SEC. For more information, please contact:Tony SklarSW Investor Relationir@ View original content: SOURCE Eshallgo Inc
Associated Press
21 hours ago
- Business
- Associated Press
EHGO and Photonetco Form Exclusive National Partnership to Expand in China's Office Equipment Market
SHANGHAI, July 7, 2025 /PRNewswire/ -- Eshallgo Inc. ( Nasdaq: EHGO ), a leading provider of integrated office solutions in China, today announced that its wholly owned subsidiary, Shanghai ESHALLGO Enterprise Development (Group) Co., Ltd. ('ESHALLGO Group'), has entered into a nationwide strategic partnership agreement (the 'Agreement') with Tianjin Photonetco Electronic Technology Co., Ltd. ('Photonetco'), one of China's top three office equipment manufacturers. The Agreement appoints EHGO as Photonetco's exclusive national strategic partner, underscoring a critical advancement in EHGO's efforts to expand within China's growing office equipment market. According to Cognitive Market Research, China's office printer market alone is valued at over USD 5 billion as of 2024, and is expected to grow at a compound annual growth rate (CAGR) of 6% through 2031. When including office consumables, services, and broader enterprise integration, the total addressable market exceeds USD 10 billion, driven by national policies promoting domestic technology adoption, data security, and procurement independence among Chinese enterprises. Under the agreement, Photonetco will provide EHGO with more than 10 custom-developed printer models, ranging from entry-level to enterprise-grade categories, and grant EHGO nationwide distribution rights for both hardware and consumables. EHGO will also gain access to Photonetco's comprehensive national after-sales service and maintenance network. In addition, Photonetco will support EHGO through professional technical training, authorized service station support, formal authorization documentation for EHGO and its affiliates, and the provision of promotional and marketing materials as needed to strengthen market development and brand promotion efforts. In return, EHGO will be committed to meeting minimum purchase targets and maintaining sufficient inventory to ensure uninterrupted nationwide supply. EHGO will strictly adhere to Photonetco's rigorous channel management and compliance requirements, including regular sales reporting, transparent project registration, and strict protection of brand reputation and market integrity. This strong framework underscores both parties' dedication to long-term collaboration and the high standards required to serve China's growing enterprise market. The two companies have a longstanding commercial relationship through Junzhang Digital Technology (Shanghai) Co., Ltd., an EHGO subsidiary that has been a licensed distributor of Photonetco products. This new agreement formalizes and significantly expands the scope of that relationship. 'Localization is reshaping China's enterprise procurement landscape. Our partnership with Photonetco enables EHGO to accelerate its strategic presence during this transition by delivering secure, high-performance, and cost-effective solutions tailored for domestic demand,' said the EHGO management team. Founded over 70 years ago, Photonetco introduced China's first fully self-developed black-and-white laser printer in 2010 and has remained at the forefront of secure printing solutions through continuous investment in independent R&D and intelligent manufacturing. This collaboration strengthens EHGO's ability to offer a differentiated and competitive office equipment portfolio to Chinese enterprises and government entities alike. The partnership reinforces EHGO's mission to support national industrial upgrading, broaden its proprietary offerings, and drive long-term shareholder value through participation in one of the most promising segments of China's technology-enabled enterprise market. Sources: Cognitive Market Research, Office Printer Market Report – China, 2024–2031 About Eshallgo Inc Eshallgo, Inc is one of China's leading office solution providers with a global perspective. The company focuses on two market segments: the sales and leasing of office supplies, as well as after-sales maintenance and repair services. With a wide-ranging presence across 20 provinces in China, its mission is to become an all-in-one office integrator and service provider, offering competitive comprehensive office solutions and services, expanding into service markets beyond office equipment, and continuously creating maximum value for customers. For more information, please visit the company's official website at and Forward-Looking Statements All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as 'may,' 'will,' 'expect,' 'anticipate,' 'aim,' 'estimate,' 'intend,' 'plan,' 'believe,' 'potential,' 'continue,' 'is/are likely to' or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and in its other filings with the SEC. For more information, please contact: Tony Sklar SW Investor Relation [email protected] View original content: SOURCE Eshallgo Inc
Associated Press
19-05-2025
- Business
- Associated Press
Eshallgo Inc Announces Establishment of U.S. Subsidiary to Support Long-Term Global Growth Strategy
SHANGHAI, May 19, 2025 /PRNewswire/ -- Eshallgo Inc ('Eshallgo' or the 'Company') (NasdaqCM: EHGO), a Chinese well-established office integrator and service provider that operates across two principal segments, namely, office-supply sales and leasing, and comprehensive after-sale maintenance and repair, today announced the establishment of its U.S. subsidiary, ESHALLGO USA, INC., located at 1127 S Baldwin Ave, Unit 202, Arcadia, California. Eshallgo is advancing its international expansion with the launch of ESHALLGO USA, INC., a subsidiary owned 75% by Eshallgo Inc. and 25% by Shanghai Eshallgo Enterprise Development (Group) Co., Ltd., scheduled to commence operations in August 2025. Serving as the Company's regional headquarters, the new subsidiary will coordinate sales, marketing, and logistics in North America, with goals to shorten delivery times, bolster supply-chain resilience, and provide localized product customization and after-sales support tailored to regional regulatory standards. It will also act as a strategic hub for partnerships with global enterprise clients, distributors, and technology vendors, driving wider adoption of Eshallgo's integrated office-solutions platform. This expansion will mark a clear step of Eshallgo's broader effort towards aligning its operational infrastructure with evolving global demand for integrated, technology-enabled office solutions. In addition to handling regional sales and logistics, the North American team will replicate the Company's more mature China operations gathering daily customer feedback, collaborating with local technology partners on joint projects, and testing market-specific products. Together, these initiatives will deepen collaboration with international partners, accelerate product localization, and enable more swift service delivery to overseas markets. 'Establishing a U.S. subsidiary aligns with our multi-year strategy to build a scalable, globally connected office solutions platform,' said Mr. Qiwei Miao, Chief Executive Officer of Eshallgo Inc. 'This step enhances our ability to serve multinational clients, access new procurement and service channels, and reinforce our position as an integrated solution provider in an increasingly international market.' About Eshallgo Inc Eshallgo Inc is a well-established office solution providers in China with a global vision. We specialize in two distinct market sectors: office supply sale and leasing, and after-sale maintenance & repair. We have created an extensive geographical presence, which expands throughout 20 provinces in China. Our mission is to become an office integrator and service provider, offer competitive overall office solutions and services, expand our service market beyond office equipment, and continue to create maximum value for customers. For more information, visit the Company's website at Forward-Looking Statements All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as 'may,' 'will,' 'expect,' 'anticipate,' 'aim,' 'estimate,' 'intend,' 'plan,' 'believe,' 'potential,' 'continue,' 'is/are likely to' or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and in its other filings with the SEC. For more information, please contact: Investor Relations: Sherry Zheng WAVECREST GROUP INC. Phone: 718-213-7386 Email: [email protected] View original content: SOURCE Eshallgo Inc
