Sun Pacific Holding Corp (SNPW)

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Is the expansion of a all ready known partnership a material event?

Section 1- Registrant’s Business and Operations
Item 1.01 Entry into a Material Definitive Agreement.
On June 13, 2023, Sun Pacific Holding Corp. (the “Company”), through its wholly owned subsidiary, Sun Pacific Power Corp., entered into a 2 year exclusive distribution agreement with GEP New Energy Co. Ltd., a Vietnamese solar panel manufacturing company. Pursuant to the terms of the Exclusive Distribution Agreement, Sun Pacific Power Corp. will be the exclusive distributor of GEP solar panels in the United States up to 5 Megawatts total solar panel rating.

Actually I think it is very positive sign that with all he fizzled partnerships of SNPW, GEP has uncovered during they DD that their still want to ENTRUST SNPW with their future growth, not only in this country but Australia as well.