00653.HK announced that Zhuoyue Technology Development Co., Ltd. (Bonjour Technology), a subsidiary of the company, and China Resources Capital Investment Management Limited entered into a non-legally binding cooperation framework agreement on possible business cooperation between Bonjour Technology and China Resources Capital on September 14, 2021, representing the preliminary consensus of both parties, and the possible business cooperation is subject to the conclusion of a formal cooperation agreement between the two parties.
According to the framework agreement, Bonjour Technology and China Resources Capital agreed to promote comprehensive cooperation between the two sides to achieve resource sharing and complementary advantages, including: 1. Jointly launch a cooperative project as the cornerstone of the cooperation between China Resources Capital and Zhuoyue Group in industrial innovation and scientific and technological development; 2. Open up the business of innovation centers and business incubators of both sides, connect with the grafting of resource drainage in the Great Bay area, and realize the drainage and landing of industries, projects, technologies and products.
China Resources Capital is a wholly owned subsidiary of China Resources Capital Management Co., Ltd. China Resources Capital Management Co., Ltd. is a company registered and operating in the Hong Kong Special Administrative region of China. It is the comprehensive fund management platform of China Resources Group. Currently, it manages more than 20 funds such as global mergers and acquisitions, energy, great health, energy conservation and environmental protection, and scientific and technological innovation.
The company said that the frame agreement aims to vigorously promote comprehensive cooperation between the two sides in the upgrading and transformation of Hong Kong's traditional industries, the transformation of scientific and technological achievements, Guangdong-Hong Kong-Macau Greater Bay Area's innovation and entrepreneurship, and industrial funds. The framework agreement also reflects the consensus of both parties to grasp the policy dividend, carry out business optimization and strengthen the coordination mechanism so as to bring significant opportunities to both sides of the agreement in terms of industrial innovation and technological innovation between China and Hong Kong, and reshaping Hong Kong business. The board of directors believes that the framework agreement will further promote the company's continuous innovation, improve profitability and bring more substantial returns to shareholders.