Summary of Ollie’s, a Closeout Retailer, Expansion in July

Company Overview: Ollie’s Bargain Outlet is a rapidly rising enterprise in the closeout retail sector, featuring a "treasure hunting" shopping experience. Its merchandise covers various categories such as household items, toys, clothing, and food. Most products are priced much lower than the regular market prices, with the maximum discount reaching 70%. Currently, it operates 599 stores in 33 states and has gained a good reputation with its high-cost-performance model, attracting a large number of consumers who pursue cost-effectiveness.

First Store Layout in New States in July - Nebraska: On July 2nd, it opened its first local store in Omaha, located at the former site of a Big Lots discount store, which was acquired through the bankruptcy auction of Big Lots. - **New Hampshire**: Later this month, it will open its first store in Belmont, also in a space that was once a Big Lots. This move will help it expand its market share in the northeastern region. 

Other New Store Opening Plans in July - July 9th: Stores in Boone (North Carolina), Pittsburgh (Kansas), and The Villages (Florida) will open simultaneously. - July 10th: Stores in Ada (Oklahoma) and Enid (Oklahoma) will open. - July 16th: Stores in Sedalia (Missouri) and Findlay (Ohio) will open. - July 23rd: Stores in Cadillac (Michigan) and Brownwood (Texas) will open. - July 24th: Stores in Topeka (Kansas) and Monroe (Georgia) will open.

Significance of Expansion: With the successive opening of new stores in July, Ollie’s commercial influence will be further expanded. It is expected to achieve better results in the closeout retail sector and provide more consumers with low-priced, high-quality products and a unique shopping experience.

We also sell to Ollie. The main products we sell are kitchen organizer series (Bathroom Laundry Storage Baskets, Modern Napkin Holder, Kitchen Organizers With Storage Drawer, Trolley Service Shelving Cart)； tabletop series,；home organizer series and bathroom series products.

 In order to cope with the ever-changing foreign trade situation, our company constantly develops new customers and new products. With a positive and innovative attitude, we lead the industry in innovation.