Summary by Futu AI
Wah Yi Tencent Entertainment Limited (“Wah Yi Tencent”) announced on 19 April 2024 that it has signed a strategic cooperation framework agreement with Kym Chung Investment Co., Ltd. (“Kym Chung Investments”). The agreement aims to explore and evaluate overseas investment and acquisition opportunities and to cooperate in the areas of overseas strategic development and capital markets. The Board believes that this move will help Huawei Tencent expand its overseas markets and diversify its business in the best interests of the Company and its shareholders. However, the two sides have not yet entered into any formal or legally enforceable agreement on strategic cooperation, and the final implementation of the cooperation remains to be negotiated. Huayi Tencent stresses that if any formal agreement on strategic cooperation is entered into, it will be announced in accordance with the listing rules. Company shareholders and potential investors should exercise caution.