March 25 (Reuters) - Skin Elements Ltd SKN.AX :
* TO ENTER CHINESE SKINCARE MARKET
* SAYS EXECUTES BINDING TERM SHEET THAT CONTEMPLATES $2.4 MILLION STRATEGIC INVESTMENT & EXECUTION OF SALES&DISTRIBUTION DEAL IN CHINA
* PROPOSED DISTRIBUTION DEAL WITH HENAN HUATUO HEALTH MANAGEMENT TO DELIVER AT LEAST A$20 MILLION OF NEW SALES OF SKINCARE PRODUCTS OVER 3-YRS
* HHHM WILL UNDERTAKE STRATEGIC INVESTMENT IN SKIN ELEMENTS OF $2.4 MILLION SUBJECT TO SHAREHOLDER APPROVAL Source: Further company coverage: SKN.AX