Rongzhong Financial (03963) announced that on December 15, 2023, the company entered into two non-legally binding memorandums of understanding with Choco Up Holdings Limited (a limited company incorporated in Hong Kong, “Partner A”) and eCargo Holdings Limited (Australian Stock Exchange code: ECG, a limited company incorporated in Hong Kong, “Partner B”), respectively.
According to the Memorandum of Understanding, the company and its partners intend to potentially cooperate with each other to achieve mutual benefits. The forms of cooperation include, but are not limited to: 1. Joint business development or investment projects; 2. Exchange of technical expertise and best practices; 3. Sharing of business resources, market intelligence and industry trends; 4. Joint initiatives to promote industry participation and knowledge exchange; and 5. Other areas of cooperation agreed by both parties.