Gelonghui, March 6, 丨 Zhuoyue Holdings (00653.HK) announced that on March 6, 2024, the company and Guangzhou Development Investment Group Co., Ltd. (“Guangzhou Development Zone Investment Group”) signed a non-legally binding Memorandum of Cooperation on the Company's possible cooperation with the Guangzhou Development Zone Investment Group, representing the preliminary agreement between the parties to the agreement, and the possible cooperation is subject to a formal service agreement between the parties.
According to the Memorandum of Cooperation, the company and Guangzhou Development Zone Investment Group agreed to promote comprehensive cooperation between the two sides to achieve complementary advantages, mutual benefit and win-win situation, and open up functional complementary businesses between the two sides. The main ones include:
1. The company and the Guangzhou Development Zone Investment Group will jointly promote the “HKMALL Hong Kong Cat” global cross-border e-commerce platform in Huangpu District of Guangzhou Development Zone; 2. The Company and the Guangzhou Development Zone Investment Group will jointly promote the expansion of the Guangdong-Hong Kong-Macao Youth Entrepreneurship Incubator to be located in Huangpu District of the Guangzhou Development Zone; 3. The company and the Guangzhou Development Zone Investment Group will provide high-quality investment promotion services for the Guangzhou Development Zone Investment Group in areas including but not limited to industry matchmaking, investment consultation, policy consultation, and coordination departments.
Based on the new concept of “Beauty, Health & Beautiful Life”, the Group has been actively promoting “technology+consumption” since 2020, leading the new 5G digital economy, upgrading from a traditional beauty industry retailer to a global e-commerce enterprise, striving to provide consumers with international products and professional services, and providing the best quality e-commerce services for Hong Kong SME merchants.
The Memorandum of Cooperation aims to achieve balanced development with short-term results and medium- to long-term strategic goals by giving full play to the comprehensive resource advantages of the company and the Guangzhou Development Zone Investment Group and innovating new cooperation models. The two sides hope to carry out industrial and technological innovation through all-round cooperation, carry out business optimization, strengthen coordination mechanisms, and bring major opportunities. The Board of Directors believes that the Memorandum of Cooperation will further promote the company's continued development and steady growth in the future, provide profitability, and bring more impressive returns to shareholders.