Zhitong Finance App News, EasyStation Green Technology (08475) announced that on March 12, 2024, the company signed a memorandum of understanding with SDM Education Group Holdings Limited (08363) regarding the group's potential cooperation to undertake catering services for all SDM schools in Singapore. According to the memorandum, after further discussions and consultations among the contracting parties, each contracting party may further enter into an agreement containing the proposed terms and conditions of cooperation.

On April 18, 2024, the company partnered with MTBL Global Pte. Ltd entered into a general partnership agreement relating to the Group's promotion of this product mainly in the Singapore, Hong Kong and Malaysian markets. According to the agreement, the Group will use its resources and networks to promote the product, and with MTBL Global's written consent and authorization, it has the right to carry out related marketing and promotion activities in accordance with conditions (time, place, form, etc.) approved by MTBL Global.

According to reports, MTBL Global is wholly owned by Ascent Bridge Limited (SGX stock code: AWG), a company listed on the Singapore Exchange. MTBL Global was appointed as the exclusive distributor of the Chinese liquor Maotai Bulao 125 ml (this product). MTBL Global is reinventing beverage supply and distribution by developing a series of smart vending machines and its own mobile application (tasting app) to promote the product through advanced technology (including artificial intelligence and machine learning) and enhance the consumer tasting experience.

The Board believes that it is beneficial for the company to explore opportunities from time to time to expand its existing business portfolio and operate new businesses with growth potential, and expand its revenue streams. The directors believe that this move is in the overall interest of the company and its shareholders.