Glonghui December 22丨Runge Interactive (02422.HK) announced that on December 22, 2023, the company (as the buyer) signed a legally binding memorandum of understanding with Mr. Cai Yewen, Mr. Chen Hao, and Mr. Song Derui (collectively, the seller). According to this, the company will acquire and the seller will promote the sale of 100% of the shares in Shanghai Maichun Brand Management Co., Ltd. (target company). The company is a company founded in China. According to the seller, the company mainly provides e-commerce solutions for product sales to its brand partners.

After successfully entering the business involving the sale of branded products, the directors believe that the Group is expected to benefit from potential acquisitions to expand the Group's supplier and customer base and diversify the Group's business portfolio.