Half Yearly Report and Accounts

• Sales revenue down 19% to $13.6m
• Net loss up 42% to $1.9m
• Secured $300m strategic agreement with Chinese SOE

Aumake Limited reported sales revenue of $13.6 million in the first six months, down 19% from $16.8 million in the prior corresponding period. The company recorded a net operating loss of $1.9 million, up 42% from $1.4 million. Despite the financial challenges, Aumake secured several significant milestones during the half-year, including signing a $300 million non-binding strategic framework agreement with Chinese state-owned enterprise Yangtze River New Silk Road International Logistics (Hubei) Group Co., Ltd. The company also strengthened its board and management team, established a tripartite arrangement to sell $25.5 million worth of goods by 2027, and received a $16 million purchase order from Yangtze River for health supplements, dairy products, and beef. Aumake focused on implementing initiatives to drive strategic efficiency and prepare for the fulfillment of orders from Yangtze River and other partners. The company raised $4 million through a strategic placement and converted $1 million of debt into equity to strengthen its balance sheet.

The company received a $16 million purchase order from Yangtze River for health supplements, dairy products, and beef, to be fulfilled within 3 months.

Aumake remains focused on increasing sales and gross margins, establishing new strategic partnerships, and optimizing cash retention while minimizing costs as it prepares to fulfill various orders from Yangtze River and other partners.