The board of directors of WINDMILL Group Limited announced that on 17 July 2019, the Company and All Blue Capital entered into a memorandum of understanding in relation to a strategic cooperation between the parties. Pursuant to the MOU, AB Capital will assist the Company in expanding its existing business operations domestically and globally, in particular to explore opportunities leveraging on the global extensive real estate portfolio and network of AB Capital. The Company and AB Capital will also explore new synergistic and other attractive proprietary business and investment opportunities which aim to enhance shareholders' value for the Company. By leveraging on AB Capital's extensive global network of investors and partners, it aims to broaden and strengthen the Company's shareholder and investor base and profile with the potential introduction of sophisticated, professional and overseas investors and partners. The Board considers that the entering into of the MOU is in the interests of the Company and its shareholders as a whole as it would enable the Company to leverage on its expertise together with the global real estate portfolio and network, extensive investors network and access to attractive proprietary business opportunities of AB Capital to enhance future growth and development of the businesses of the Company in Hong Kong and globally. The MOU provides a strategic cooperation framework between and an expression of commitment of the Company and AB Capital. Both parties will execute separate transaction-specific agreements, from time to time, on a deal-by-deal basis. As at the date of this announcement, the Company and AB Capital have not entered into any other legally binding agreements in relation to any specific cooperation projects.