SHANGHAI, July 7, 2025 /PRNewswire/ -- Eshallgo Inc. (Nasdaq: EHGO), a leading provider of integrated office solutions in China, today announced that its wholly owned subsidiary, Shanghai ESHALLGO Enterprise Development (Group) Co., Ltd. ("ESHALLGO Group"), has entered into a nationwide strategic partnership agreement (the "Agreement") with Tianjin Photonetco Electronic Technology Co., Ltd. ("Photonetco"), one of China's top three office equipment manufacturers.
The Agreement appoints EHGO as Photonetco's exclusive national strategic partner, underscoring a critical advancement in EHGO's efforts to expand within China's growing office equipment market.
According to Cognitive Market Research, China's office printer market alone is valued at over USD 5 billion as of 2024, and is expected to grow at a compound annual growth rate (CAGR) of 6% through 2031. When including office consumables, services, and broader enterprise integration, the total addressable market exceeds USD 10 billion, driven by national policies promoting domestic technology adoption, data security, and procurement independence among Chinese enterprises.
Under the agreement, Photonetco will provide EHGO with more than 10 custom-developed printer models, ranging from entry-level to enterprise-grade categories, and grant EHGO nationwide distribution rights for both hardware and consumables. EHGO will also gain access to Photonetco's comprehensive national after-sales service and maintenance network. In addition, Photonetco will support EHGO through professional technical training, authorized service station support, formal authorization documentation for EHGO and its affiliates, and the provision of promotional and marketing materials as needed to strengthen market development and brand promotion efforts.
In return, EHGO will be committed to meeting minimum purchase targets and maintaining sufficient inventory to ensure uninterrupted nationwide supply. EHGO will strictly adhere to Photonetco's rigorous channel management and compliance requirements, including regular sales reporting, transparent project registration, and strict protection of brand reputation and market integrity. This strong framework underscores both parties' dedication to long-term collaboration and the high standards required to serve China's growing enterprise market.
The two companies have a longstanding commercial relationship through Junzhang Digital Technology (Shanghai) Co., Ltd., an EHGO subsidiary that has been a licensed distributor of Photonetco products. This new agreement formalizes and significantly expands the scope of that relationship.
"Localization is reshaping China's enterprise procurement landscape. Our partnership with Photonetco enables EHGO to accelerate its strategic presence during this transition by delivering secure, high-performance, and cost-effective solutions tailored for domestic demand," said the EHGO management team.
Founded over 70 years ago, Photonetco introduced China's first fully self-developed black-and-white laser printer in 2010 and has remained at the forefront of secure printing solutions through continuous investment in independent R&D and intelligent manufacturing. This collaboration strengthens EHGO's ability to offer a differentiated and competitive office equipment portfolio to Chinese enterprises and government entities alike.
The partnership reinforces EHGO's mission to support national industrial upgrading, broaden its proprietary offerings, and drive long-term shareholder value through participation in one of the most promising segments of China's technology-enabled enterprise market.
Sources: Cognitive Market Research, Office Printer Market Report – China, 2024–2031
https://www.cognitivemarketresearch.com/office-printer-market-report
About Eshallgo Inc
Eshallgo, Inc is one of China's leading office solution providers with a global perspective. The company focuses on two market segments: the sales and leasing of office supplies, as well as after-sales maintenance and repair services. With a wide-ranging presence across 20 provinces in China, its mission is to become an all-in-one office integrator and service provider, offering competitive comprehensive office solutions and services, expanding into service markets beyond office equipment, and continuously creating maximum value for customers. For more information, please visit the company's official website at www.eshallgo.com and ir.eshallgo.com
Forward-Looking Statements
All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and in its other filings with the SEC.
For more information, please contact:
Tony Sklar
SW Investor Relation
ir@eshallgo.com