Zhixun Finance APP News, Fountain Silver Grain Holdings (08030) announced that on October 29, 2024, the company reached a non-legally binding memorandum of understanding with a potential partner in Hong Kong on investment cooperation matters (suggested cooperation).

The company has been introducing new business initiatives related to research and development data security, intending to develop comprehensive products related to data security, decentralization, and independent secure hardware encryption. For details, refer to the business development announcement issued by the company on September 19, 2023. The directors have been actively seeking suitable business opportunities through cooperation with enterprises to expand their existing business portfolio, broaden their sources of revenue, and engage in new business activities with growth potential. Specifically, the directors believe that the suggested cooperation will enable the group to capture business opportunities.

The directors believe that if the suggested cooperation is implemented, it will provide an opportunity for the group to expand its sources of revenue, aligning with the overall interests of the company and shareholders.

According to the suggested cooperation, the company will provide operational funding to the potential partner, leveraging its mature sales channels to swiftly bring the potential partner's independent zero-trusted security products to market. Strong support for the potential partner's data encryption and cross-domain de-networked security communication project product development, optimizing the company's product structure. Combining the trends in data encryption and zero-trust network security market development, utilizing its own sales channels to expand the potential partner's data encryption and de-platform centralization security products, striving to rapidly expand the business pipeline.