Tokyo Lifestyle enters master agreement with Tasly

Tokyo Lifestyle (TKLF) announced that it has entered into a master agreement for the sale and purchase of goods with Tasly, a Hong Kong-based trading company, for the distribution of its health products, cosmetics and liquors. The company expects this collaboration to strengthen and expand its presence in China’s health product market. Pursuant to the agreement, Tokyo Lifestyle agrees to sell its premium health products, cosmetics and liquors to Tasly on an outright basis during the one-year term commencing March 1. The specific terms and conditions for each supply of goods, including product names, unit prices, quantities and delivery dates, shall be agreed upon in individual agreements entered into between the parties during the term. Tokyo Lifestyle will provide updates on the progress of the transaction from time to time.