Zhitong Finance App News, Global Strategy Group (08007) announced that on January 10, 2024, the company and Shanghai Tiancuiting Health Food Co., Ltd. (potential partner) entered into a non-legally binding memorandum of understanding on potential cooperation in the sale of meat products to Japan, South Korea or other countries/regions.

The announcement said that the company and potential partners are discussing possible ways to cooperate. Potential partners can supply meat products to the group for the group to sell to commercial entities in designated countries or regions, or potential partners can establish a new joint venture with the group in the designated country or region and conduct sales business there. On the date of the MOU, no significant terms or forms of business cooperation were determined, and the parties did not enter into a legally binding agreement on cooperation.

The Board believes that it is beneficial for the Group to seek investment opportunities from time to time to develop its existing business portfolio, engage in new businesses with growth potential, and expand its revenue streams. The directors believe that if the potential cooperation between the Group and potential partners is implemented, it will provide the Group with an opportunity to diversify the Group's revenue sources and meet the overall interests of the company and shareholders.