Summary by Futu AI
Capital Realm Financial Holdings Group Limited ('Capital Realm') announced on August 29, 2024 that it has signed a strategic cooperation memorandum of understanding with Yuyao Yangming Equity Investment Fund Co., Ltd. Yuyao Yangming is a wholly-owned subsidiary of China-Italy Ningbo Ecological Park Holdings Group Co., Ltd., focusing on high-growth fields such as digital economy, new energy, and biomedical. Capital Realm believes that this cooperation will align with the group's long-term development goals and may bring potential profit growth to both parties. There is currently no formal or legally binding agreement in place, and specific terms will be approved by the board of directors after completing due diligence. The company will make subsequent announcements in accordance with listing rules, reminding shareholders and investors to pay attention to relevant progress and act with caution.