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27th March 2023

Stock Digest - Nova Wellness Group Bhd - Progressing Towards Targeted Number Of Distributors

Focus to remain in house brand segment. We anticipate the contribution from house brand segment will gradually increase in line with NOVA’s ongoing strategy focusing on the segment, spurred by (i) increase in number of distributors, (ii) higher contribution from current distributors, and (iii) expansion of product range. Meanwhile, for the OEM segment, we anticipate a flat growth.

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