Zhongshi Minan Holdings Limited (SEHK:8283) entered into a non-legally binding memorandum of understanding to acquire Shanghai Tianji Zhongwei Enterprise Development Limited from Zhongjian Enterprise Development (Shanghai) Limited on November 10, 2023. Pursuant to the MOU, Zhongshi Minan may conduct due diligence review on the business, financial and legal affairs of Shanghai Tianji Zhongwei upon the signing of the MOU.