Worldgate Global Logistics Ltd, Brilliance International Auto Trade and Shangzhengda entered into the MOU in respect of the proposed formation of a joint venture in the PRC which shall in the PRC develop big health and gene inspection businesses and provide high-end overseas medical services. The Company shall contribute all the registered capital of the Joint Venture in cash and integrates resources of medical services and clientele in Malaysia and South East Asia into the Joint Venture, Brilliance International Auto Trade shall share its own high-end customer resources, and Shangzhengda shall offer consultancy services to the Joint Venture.