According to the news from Zhitong Finance APP, Goldstream inv (01328) announced that in light of the deep relationship between the group and Hony Capital Group, as well as the potential strategic synergistic effects with Beijing fourth paradigm asia vets technology Co., Ltd., a joint-stock company registered in china, whose issued shares are listed on the main board of the Stock Exchange (06682), the company entered into a non-binding strategic cooperation framework memorandum with fourth paradigm on November 12, 2024.

According to the strategic cooperation memorandum, the company and fourth paradigm (and/or their respective affiliates) will explore feasible cooperation, including strategic development and capital markets initiatives; it is suggested that the company (and/or its affiliates) may provide a range of services to fourth paradigm (and/or its affiliates) in connection with further negotiation to reach a final specific agreement, including but not limited to advisory services on business development and expansion, investment financial advice, cash management products, and/or asset allocation services. The company expects to charge fees for the above-mentioned services. Details of the services and fee arrangements will be confirmed after the company and fourth paradigm (and/or their respective affiliates) enter into a specific agreement.

The group mainly engages in providing investment management business and strategic direct investment business. The company believes that the strategic cooperation memorandum is a strong testament to the company's business capabilities and potential. The directors believe that the cooperation intended to be carried out under the strategic cooperation memorandum (if implemented) represents an opportunity for the group to diversify its revenue sources and that entering into the strategic cooperation memorandum is in the overall interest of the company and its shareholders.