Sealand Capital Galaxy Limited announced that it has entered into the final year of its sole distribution agreement with HH Simonsen on more favourable terms, following the success of the agreement to date, during which the Company exceeded all sales targets. The agreement with Sealand covers exclusive distribution rights into mainland China, Hong Kong, and Macau and under the amended terms the Company will now only pay 50% upfront for the cost of merchandise ordered from HH Simonsen, with 90 days credit terms for the remaining 50% of the cost. Prior to this amendment, Sealand was liable for the full cost in cash to HH Simonsen on order.