Asia Television Holdings Limited (SEHK:707) entered into a Memorandum of understanding to acquire 30% stake in Hangzhou Yuanhou Tianxia Technology Company Limited from Yang Zi for $5 million on January 20, 2023. The transaction is subject to further negotiation, thorough due diligence review, and the signing of a formal sale and purchase agreement between the parties on or before June 18, 2023.