[Caihua Social News] Qi Jia Holdings (08395.HK) announced that on December 23, 2021, the company and Mengma Technology (Shenzhen) Co., Ltd. signed a non-legally binding memorandum of understanding on strategic cooperation with Mengma Technology (Shenzhen) Co., Ltd., concerning strategic cooperation in the research, development, production, sales and service of advanced intelligent automation equipment in China.
The establishment of a memorandum provides the Group with opportunities to diversify its business and engage in advanced intelligent automation equipment business. The Directors believe that the conclusion of the MOU is in the overall interests of the company and its shareholders because the proposed transaction under the MOU, once implemented, will enable the Group to enter into the advanced intelligent automation equipment business, diversify the Group's existing business portfolio and broaden its revenue sources. enhance the shareholder value of the company.