Gelonghui, May 20 | Jiayi Holdings (01025.HK) announced that the company is currently negotiating a cooperation agreement with a state-owned enterprise in Shandong Province, China to establish a joint venture to engage in cross-border e-commerce (including textiles, garments and other agricultural products), with the aim of diversifying the group's revenue sources.

The board of directors also informed the company's shareholders and potential investors that the company is currently exploring the company's possible capital raising solutions (including but not limited to placing new shares and shares under general mandates) to cooperate with the implementation of the Group's business strategy and bring more opportunities for the Group's business development, thereby diversifying the Group's revenue sources.