Zitong Financial App News, China supply chain Industry (03708) announced that on October 25, 2023, Shenzhen Boshang Information Consulting Co., Ltd. (Party A), a wholly-owned subsidiary of the company, entered into a non-legally binding memorandum of understanding with Anhui Dayun Tong Yuanzun Universe Digital Technology Co., Ltd. (Party B).
According to the Memorandum of understanding, Party An and Party B intend to jointly establish a company in Hong Kong, namely China Bee Shopping supply chain Hong Kong Co., Ltd., with a total capital contribution of RMB 100 million, Party A will contribute 10% (RMB 10 million), and Party B will contribute 90% (RMB 90 million). The main business of the joint venture company is to establish a digital platform for agricultural product supply chain integration.