Hao Wen Holdings Limited (SEHK:8019) entered into a non-binding Memorandum of understanding to acquire Sichuan Xinshang Medical Technology Co., Limited on January 31, 2022. The Hao Wen Holdings shall conduct the due diligence review in respect of the Possible Acquisition upon signing of the Memorandum of understanding. Subject to the Hao Wen Holdings satisfaction with the due diligence review, the Hao Wen Holdings will agree to proceed to negotiate and with the view to finalize detailed terms and conditions of the Formal Agreement and to execute the Formal Agreement.