Rentian Technology Holdings Limited (SEHK:885)'s strategic development plan and focus our core resources on enhancing the profitability of the Company, the Company is endeavoring to negotiate with a potential vendor for the acquisition of a company engaged in investment management and consultation and financial technology business in the mainland China. The principal businesses of the Target Company include: 1) investment management and investment consultation; 2) financial technology business. The Company expects that upon the completion of acquisition, it can integrate the existing resources of the existing group's IoT industry, creating synergy effects. Upon reaching a general consensus with the potential vendor, the Company will sign a letter of intent/a memorandum for acquisition, and engage professionals to conduct due diligence review and valuation. The discussions between the Company and the potential vendor are preliminary in nature and may or may not lead to the entering into any definitive agreement.