EJE (Hong Kong) Holdings Limited (SEHK:8101) entered into a memorandum of understanding to acquire 51% interest in the Target Group on August 1, 2022. The consideration for the potential acquisition shall be paid to Seller in the form of consideration shares of the Company. The deal is subject to financial due diligence and approval of regulatory authorities. The exclusivity period shall end on 31 January 2023 being six months from the signing of the MOU.