Hao Tian Intl (01341) and Aceso Life Sci (00474) jointly announced that Hao Tian Intl Investment has signed a non-legally binding letter of intent with the current shareholders (sellers) of the target company (as defined below), indicating its intention to acquire, while the sellers express their intention to sell 55% of the total issued share capital of SEV Holding Pte. Ltd. (the target company). The target company mainly provides one-stop solutions for electric auto sales and leasing, as well as electrical utilities charging in Singapore.

Aceso Life Sci Group and Hao Tian Intl Investment Group actively seek investment opportunities to diversify and enhance their asset portfolios, expand their sources of income, and accelerate the overall growth of the groups. If the proposed acquisition can be realized, it will help in the business development of Aceso Life Sci Group and Hao Tian Intl Investment Group.