MECOM Power and Construction Limited to provided the shareholders and potential investors of the Company an update on the latest business development of the Group. The board announced that on 28 June 2021, a subsidiary of the Company entered into a non-legally binding memorandum of understanding with Gold Court (Macau) Property Services Limited, a real estate management company incorporated in Macau. The Prospective Partner is a subsidiary of a company listed in Hong Kong. The Listco and its subsidiaries and affiliates are principally engaged in the provision of property management services and value-added services, and the trading of car parking spaces in Hong Kong, Macau and the People's Republic of China. Under the MOU, the Group shall provide the Prospective Partner a feasibility study together with a proposal of setting up and operating electric vehicle charging systems, including operational, technical, regulatory and maintenance matters, for the properties in Macau managed by the Prospective Partner. Subject to discussion and negotiation and the signing of definitive agreement(s) with the Prospective Partner, the Cooperation may include the design, installation and operation of EV charging system(s) for properties managed by the Prospective Partner in Macau which covers around 2,800 parking spaces as at the date of this announcement. The Group is principally engaged in provision of construction services, including construction and fitting out works, high voltage power substation construction and its system installation works, electrical and mechanical engineering services works, and provision of facilities management services. During 2021, the Group has diversified its construction business to cover provision of EV charging solution and system services. The Directors consider that entering into the MOU is in the interests of the Group and the shareholders of the Company as a whole as the transactions contemplated under the MOU, if materialised, present a good business opportunity to leverage on the strengths and resources of the Group and are expected to diversify the Group's revenue base and business scale. The Directors expect great synergy and commercial benefits for both parties with the joint efforts in developing EV charging projects in Macau.