According to the Zhitong Finance App, COOL LINK (08491) announced that on April 11, 2022, the Group signed a Memorandum of Understanding with Jiuwei Life Technology (Guangdong) Co., Ltd. (partner, a company registered in China to operate e-commerce platforms), covering possible cooperation with partners in e-commerce business. The two sides agreed to use their respective capital, platform and resource advantages to jointly promote e-commerce business development in China.
The Board believes that by entering into a memorandum of understanding, the two parties can use each other's competitive advantages, resources and expertise to establish a stable and mutually beneficial partnership, so the conclusion of a memorandum of understanding can facilitate the development of e-commerce business and business expansion.