Inlif Limited (NASDAQ:INLF) announced that its operating subsidiary, Ewatt Robot Equipment Co., Ltd., has entered into a three-year product procurement and supply framework agreement with Jinjiang Hengsheng Toys Co., Ltd., affiliated with Heng Sheng Holding Group.
The agreement, signed on November 2, 2026, outlines a planned cooperation value of $30 million over three years, with procurement and supply activities expected to proceed in approximately $5 million increments every six months.
However, Inlif clarified that the $30 million figure represents a preliminary cooperation target rather than a binding purchase commitment. Actual transaction values will depend on subsequent purchase orders and specific commercial agreements.
Agreement Establishes Six-Phase Procurement Framework
Under the arrangement, Ewatt and Heng Sheng Group intend to coordinate product procurement, manufacturing, supply and related services over a three-year period.
The companies have outlined six planned phases, each covering approximately six months and targeting $5 million in procurement and supply activities.
Specific product categories, order quantities, contract values and delivery schedules will be determined according to future business requirements.
Inlif emphasised that neither party is obligated to meet the proposed financial targets. Heng Sheng Group has not committed to minimum purchases, while Ewatt has not undertaken a minimum supply obligation.
The company said Ewatt will allocate manufacturing and supply resources according to confirmed orders, available production capacity and agreed delivery schedules.
Partnership Targets Industrial Robotics Distribution Opportunities
Jinjiang Hengsheng Toys is affiliated with Heng Sheng Holding Group Company Limited (KOSDAQ:900270), which is listed on South Korea’s KOSDAQ market.
Inlif expects the cooperation to support the development of additional distribution channels and industrial partnerships for its robotics and automation products.
The agreement is intended to connect Ewatt’s manufacturing capabilities with Heng Sheng Group’s existing industrial resources and market relationships.
According to Inlif, the companies plan to coordinate procurement requirements, production planning and product distribution to identify commercial opportunities.
The framework primarily covers Ewatt’s existing product portfolio and related business activities, although the announcement does not specify individual products or anticipated sales volumes.
Inlif Plans Phased Implementation Based on Confirmed Orders
Inlif said its operating subsidiary will progressively implement the proposed cooperation arrangements while maintaining oversight of production planning, quality control and delivery coordination.
The company intends to adjust manufacturing resources according to actual orders rather than the preliminary $5 million six-month targets.
Management described the agreement as part of its strategy to expand market access, establish industrial relationships and develop its existing business operations.
However, Inlif did not provide revenue recognition estimates, expected profit margins or financial forecasts associated with the arrangement.
The company also did not disclose when the first purchase orders are expected to be confirmed.
Ewatt Focuses on Industrial Automation and Robotic Manipulator Arms
Inlif operates through Ewatt Robot Equipment, a China-based manufacturer established in September 2016.
Ewatt develops, manufactures and sells robotic manipulator arms designed for injection moulding machines, alongside related installation, warranty and technical services.
Its product range includes single-axis, double-axis and multi-axis manipulator systems used in industrial manufacturing processes.
The company has also developed automation capabilities for applications including the new energy sector and intelligent robotics.
The Heng Sheng agreement provides a framework for potential additional procurement and supply activities across these operations.
While the planned cooperation value totals $30 million, the financial contribution to Inlif will depend on the volume and terms of orders subsequently agreed between the parties.