HAO BAI INTL (08431) and Jiangxi Jingbai have entered into a strategic cooperation agreement for potential business cooperation in product sales and marketing operations.

HAO BAI INTL (08431) announces that the company has recently entered into a strategic cooperation agreement with Jiangxi Jingbai Lifay Technology Co., Ltd. (Jiangxi Jingbai), regarding potential business cooperation in product sales and marketing in mainland China and Hong Kong. According to the strategic cooperation agreement, both parties intend to establish a comprehensive strategic partnership to collaborate on the development of this business. Jiangxi Jingbai will mainly be responsible for health food and agricultural production, while the company will mainly be responsible for brand promotion and marketing of this business. Specific details and terms regarding the development of this business are subject to further negotiation between the two parties. The announcement states that by combining Jiangxi Jingbai's expertise in healthcare technology with the group's brand promotion and marketing services, synergies will be created to promote and develop this business in the Chinese market. The group expects to benefit from this collaboration.