As part of its development strategy, 4Mass plans to focus on further development of the catalog of offered products by introducing a full range of cosmetics for face, eyes and lips, in order to build the full availability of cosmetics in the make-up category.
The Company has entered into an agreement with a foreign entity: "Guangzhou Colorite Cosmetic LTD", under which it is the exclusive distributor of face, eye and lip cosmetics offered for sale by the contractor under the Catkin brand. The concluded agreement covers the cooperation of the Parties until the end of 2020, with the possibility of its extension.
4Mass plans to focus on activities aimed at developing own sales, increasing production capacity, by expanding, among other things, the varnish packaging line with a new automatic line, which will help increase the efficiency of production, especially of hybrid nail varnishes.
The company intends to develop own production selected products from the make-up category (the company plans to apply for EU funding to obtain financing for the construction of a production plant).
The company's strategy is to start independent production of compounds necessary for further production of varnishes, as well as expanding the availability of 4Mass brand products in foreign markets.