China Oral Industry Group Holdings Limited (SEHK:8406) entered into a non-legally binding memorandum of understanding to acquire 51% stake in Fengyun Zhihe Chongqing Medical Technology Co., Ltd on June 14, 2023. Completion of the transaction is subject to, amongst other things, satisfactory result of the due diligence on Fengyun Zhihe and the execution of the definitive binding agreements, the terms and conditions of which are yet to be agreed by the parties.