Yizhan Green Technology (08475) has issued an announcement. On June 6, 2024, the group established a memorandum of understanding (MOU) with Hope Care Technology (Shenzhen) Co., Ltd. (together referred to as the "partner") of Hope Light Health Technology. According to the MOU, the partners will leverage their respective strengths and the resources of other cooperative partners to expand public welfare programs related to rural revitalization (including public welfare supermarkets) and green food (including local dining) and other integrated innovative businesses (including the back-end green food supply chain) for the Shenzhen and domestic markets.

Hope Light Health Technology is a joint venture company controlled by Huaan Audiocodes Holdings (Shenzhen) Co., Ltd., a backbone business in the field of embryonic stem cell research and preparation and market operation in China. The company is also the service and execution agency of the Mozi Charity Hope Light Public Welfare Fund under the Mozi Charity Foundation in Hainan.

The Board of Directors believes that exploring opportunities to expand its existing business portfolio and engage in new business operations with growth potential and expanding its sources of income is beneficial to the company. The Directors believe that this action is in line with the overall interests of the company and its shareholders.