China Health Technology Group (01069) announced that on January 24, 2024, the company and Ningxia KeTuo Shepherd Cloud Ranch Breeding Co., Ltd. (Ningxia Ketuo Shepherd) signed a non-legally binding strategic cooperation memorandum of cooperation. The two sides agreed to cooperate to jointly develop diversified beach sheep trade business in China.
According to the Memorandum of Strategic Cooperation, in order to jointly develop cooperative business, the company is responsible for supervising the market operation of beach sheep farms, while Ningxia Ketuo Shepherds will provide beach sheep for the company's sales and be responsible for the management and operation of the farm. The two parties will jointly provide marketing and sales personnel to be responsible for the promotion and sales of the cooperative business. The two parties will conclude a formal agreement on cooperative business in due course.