On May 31, PLATT NERA (01949.HK) announced that on May 31, 2024, the Group has signed a non-legally binding Memorandum of Understanding (through its wholly-owned subsidiary Globe Fortune Limited) with Zhuoer Industrial (Shenzhen) Co., Ltd. The MOU aims to explore potential cooperation with Dall Industrial in the high-tech jewellery products business.

According to the Memorandum of Understanding, the Group and Dall Industrial agreed on the following cooperation, including that the Group will contribute its IT expertise and related resources to assist in the development of this cooperative project. Zhuoer Industrial will use its industrial experience, combined with the Group's technical advantages and related resources to jointly develop products and expand the market. The Group and Zhuoer Industrial will jointly conduct a feasibility study on the cooperative project.

Zhuoer Industrial is mainly engaged in the design, manufacture and sale of jewelry products and related businesses. Zhuoer Industrial has been operating in China under its registered brand since 2015.

The Group is actively seeking new business opportunities to strengthen its revenue streams. If the projects proposed under the MOU are implemented, it is expected that the development of the cooperative project will diversify the Group's revenue and have a synergy effect with its existing IT solution services. Therefore, the directors believe that the conclusion of the Memorandum of Understanding is in the overall interest of the company and its shareholders.