Bon Natural Life Limited announced the signing of a Memorandum of Understanding with Guangdong Jiangwang International Holdings Limited ("Jiangwang"). This MOU allows the parties to negotiate the terms and conditions of a definitive agreement for BON to distribute Jiangwang's Chinese White Spirits ("Spirits") and other related health products in China Markets. Jiangwang, located in Guangdong, with its production base at Moutai Town, Guizhou Province, is a producer and distributor of a series of spirits in China.

Moutai Town is renowned for the white spirits manufactured in this region. Jiangwang's major products, winning various prizes in the spirit industry, are sold all over China, and is ranked as one of the top spirit brands in China.