Aqua Bio Technology — M&A Activity 2021

Aug 19, 2021

Aqua Bio Technology enters into a letter of intent for distribution of Moana in Japan and the Philippines

Aqua Bio Technology enters into a letter of intent for distribution of Moana in Japan and the Philippines

19.8.2021 11:40:57 CEST | Aqua Bio Technology ASA | Inside information

Aqua Bio Technology ASA (ABT) has today entered into a letter of intent with D &

S Maisey Limited for the exclusive distribution of Moana Skincare in Japan and

the Philippines. The Parties intend to sign an exclusive 3-year distribution

agreement for these markets as soon as the necessary governmental registration

process and approval is in place. It is expected that the registration process

in Japan will take appr. 3 months.

D&S Maisey Ltd. is situated in Auckland and has a regional development office

located South of Manila in the Philippines. The company has almost 30 years

working experience in luxury goods and niche market sales and has first-hand

experience in distribution in Japan and several other local South East Asia

(SEA) markets. D&S Maisey has a strong Environmental Social and Corporate

Governance Mission aimed to address poor soil and resource management in the

Philippines as well as other parts of SEA.

For further information, please contact CEO Håvard Lindstrøm mobile phone +47

941 32 288.

Aqua Bio Technology is developing and commercializing sustainable biotechnology

for use in skincare products. ABT's cosmetics ingredients are highly effective

and they provide the cosmetics industry with natural alternatives to traditional

ingredients. ABT is also marketing and distributing natural skincare products

developed by partners towards consumers and professional users. ABT's focus on

commercialization and development of natural ingredients and natural skincare

products has been, and will continue to be, an important part of the Company's

strategy going forward. Aqua Bio Technology is listed on the Euronext Expand

market of the Oslo Stock Exchange.

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

DISCLOSURE REGULATION

This information is subject of the disclosure requirements pursuant to section

of 5-12 of the Norwegian Securities Trading Act.

CONTACTS

* Håvard Lindstrøm, 004794132288, hl@aquabiotech.no

ABOUT AQUA BIO TECHNOLOGY ASA

Aqua Bio Technology (ABT) is developing and commercializing sustainable

biotechnology for use in skin care products. ABT's cosmetics ingredients are

highly effective and they provide the cosmetics industry with natural

alternatives to traditional ingredients. ABT is also marketing and distributing

natural skin care products developed by partners towards consumers and

professional users. Aqua Bio Technology is listed on Euronext Expand.

ATTACHMENTS

Download announcement as PDF.pdf -

https://kommunikasjon.ntb.no/ir-files/17847556/772/998/Download%20announcement%2

0as%20PDF.pdf