Gelonghui, April 26, 丨 Tianji Holdings (01520.HK) announced that on April 19, 2024, a wholly-owned subsidiary of the company signed a letter of intent with Shanghai World Expo Development (Group) Co., Ltd. (Shanghai World Expo). According to the terms of the letter of intent, the two parties intend that after the Group successfully obtains written approval from relevant departments in Shanghai or Huangpu District of Shanghai, China to carry out the Group's carnival-like Guochao Cultural and Entertainment Festival, the Shanghai World Expo will negotiate with the Group to lease a site covering an area of about 22,000-30,000 square meters to carry out target business for the Group.
The letter of intent was established to explore opportunities to expand the Group's intellectual property applications and product business and revenue sources in China.