Luxey International (Holdings) Limited's wholly-owned subsidiary of the Company, entered into the MOU with Whealth Enterprise in relation to the Proposed Cooperation. Whealth Enterprise is principally engaged in trading of health products. To the best of the Directors' information and belief having made all reasonable enquiries, Whealth Enterprise is a third party independent of the Company and its connected persons. Pursuant to the MOU, Whealth Enterprise shall supply to the Group exclusively health products including but not limited to stem cell supplements for consignment sales through online shopping platforms arranged by the Group. Details of the cooperation shall be subject to further negotiations and execution of formal agreements. The MOU does not create legally binding obligations on the parties in relation to the Proposed Cooperation. The Company is optimistic of the prospects of online shopping and considers that the Proposed Cooperation will enable the Group to further expand its e-commerce and online shopping business to include health products.