Cam Sugrue's questions to AGM GROUP HOLDINGS (AGMH) leadership • Q4 2021
Question
Cam Sugrue from HC Wainwright asked how the planned operational shift to North America would affect supply chain issues and order fulfillment, and also inquired whether R&D costs are expected to increase in 2022.
Answer
CFO Steven Sim stated that the shift to North America is a strategic move to be closer to key customers and a stable regulatory environment, which should resolve logistics issues despite a potential increase in costs. Regarding R&D, he explained that costs are currently low as they license technology from HighSharp. However, with the planned joint venture and integration, R&D activities and associated costs are expected to increase, which is viewed as a positive investment for future product development.