Magic Empire Global Limited ("MEGL" or the "Company") today announced that on October 22, 2026, it entered into a letter of intent (the "Letter of Intent") with Singapore-based commodity trading enterprise SIN HOPEWAY PTE. LTD., for a five year strategic cooperation to develop an international timber import and export supply chain business, commencing from the date of the Letter of Intent. During the five-year cooperation period, the Company, having completed its strategic industrial upgrade, shall supply SIN HOPEWAY PTE. LTD. with raw timber materials. The cumulative target trade volume between the parties shall be US$500 million.
SIN HOPEWAY PTE. LTD. is a local compliant trading enterprise in Singapore, focusing on global international commodity trade. It has long been engaged in cross-border timber trade and international re-export trade, owning high industry recognition, a mature overseas supply chain system and solid practical experience in cross-border trade operations．
The cooperation forms a complete upstream and downstream collaborative model. As the core upstream partner, MEGL’s trading entity provides high-quality timber raw materials and primary processing services for SIN HOPEWAY PTE. LTD., firmly securing upstream resource advantages. Leveraging its mature international trade channels and deep-processing capabilities, SIN HOPEWAY PTE. LTD. conducts refined reprocessing of raw materials, with finished products mainly supplied to end markets in Europe and the United States.
Through strategic transformation and upgrading, MEGL has officially expanded into commodity trade, timber industrial supply chain and cross-border supply chain finance. The Company has completed the layout of new business segments and built a collaborative system integrating physical trade and financial services, laying a solid operational foundation for this long-term and large-scale cross-border trade cooperation.
This strategic cooperation strongly relies on the mature cross-border commodity trade resources and operational experience of the Company and its management. With years of in-depth experience in global trade, the shareholders possess rich capabilities in cross-border project operation and overseas market channels. They will further support the Company’s expansion in core European and American timber markets through this industrial cooperation, achieving scaled growth in the commodity trading core business.
The USD 500 million trade volume represents a medium and long-term strategic target and good-faith commercial commitment, rather than a rigid performance guarantee. Actual transaction execution will be dynamically adjusted according to objective factors including international timber price fluctuations, market supply and demand changes, international trade policies, logistics conditions and force majeure. All specific transactions shall be implemented subject to separate formal purchase and sales contracts signed by both parties.