Cool Link (Holdings) Limited entered into a non-binding memorandum of understanding with Guangzhou Shiruikang Health Technology Co. Ltd. in relation to, among others, (i) the proposed establishment of a joint venture; and (ii) for customers in Hong Kong and the Guangdong-Hong Kong-Macao Greater Bay Area, providing modern services based on the integration of Tibetan medicine, Tibetan-style healthcare, health and wellness services on the basis of the Proposed Joint Venture, leveraging the internet to fully connect the online and offline data chains and constructing major health industry innovation systems, developing Tibetan medicine and traditional Chinese medicine, medical and health integration projects in Hong Kong, Southeast Asia and the Greater Bay Area, with Shiruikang providing medical technology and support. The MOU is intended to document the preliminary mutual understanding between the parties to the MOU as a platform for further negotiations and no binding agreement in relation to the Proposed Joint Venture has been entered into by the relevant parties.