Zhitong Financial APP, Sima Ophthalmology (03309) announced that on November 29th, Sima China, a wholly owned subsidiary of the company, entered into a memorandum of understanding with the seller on potential acquisitions. The target company operates an established eye hospital with a history of more than 20 years in Guangdong Province.

The proposed acquisition is part of the Group's plan to expand its ophthalmic services network in Guangdong-Hong Kong-Macau Greater Bay Area and Guangdong Province. The target company owns and operates an established eye hospital with a history of more than 20 years, with a large and growing number of patients. It is a top eye hospital in the county city and has a high reputation there. The proposed acquisition forms part of the Group's new strategic initiative to integrate established eye hospitals with good growth potential and expand its service network. The potential acquisition, if completed, will also enhance the Group's brand image as a provider of quality specialist medical services and expand its influence in China, particularly in the Greater Bay area and Guangdong Province.