The Board of Directors of Chin Hin Group Berhad announced that the Company had on 23 November 2023 entered into a Memorandum of Understanding (MOU) with Menteri Besar Incorporated (Perak) (MB Inc.) and Younchang Engineering and Construction (M) Sdn. Bhd. (YECSB) for the proposed collaboration relating to the planning, design and construction of fishery industrial park located at Wilayah Baroh, Mukim Hutan Melintang, Daerah Hilir Perak, Perak Darul Ridzuan.

The MOU will remain effective for a period of 6 months from the date of the MOU that is 23 November 2023 unless earlier terminated by any party by providing to the other parties a written notice of its intention to terminate from the MOU. The MOU being incurred in the ordinary course of business of CHGB Group, is not subject to the approval of the shareholders.