The board of directors of TSH Corporation Limited announced that the Company has on 17 March 2021 entered into a non-binding memorandum of understanding with China Liquor Limited in relation to, amongst others, the purchase, sale, distribution and promotion of CLL's brands of baijiu in Asia. Pursuant to the MOU, the Proposed Collaboration will involve the following three areas: the import, distribution, sale and purchase of CLL's brands of baijiu by the Company in Singapore; the promotion of CLL's brands of baijiu by way of events organised by the Parties in Singapore and China; and the establishment of distribution channels in China for the sale of baijiu, whisky and other liquors.