COOL LINK (08491) signed a memorandum of understanding with Ganzhou Zumen Si.

COOL LINK (08491) announced that on December 27, 2024 (after trading hours), the company entered into a memorandum of understanding with GanZhou ZuMengSi Sports Goods Co., Ltd. regarding potential strategic cooperation plans. The implementation details of the potential cooperation plan will be finalized after both parties sign a formal agreement. According to the memorandum of understanding, the company and GanZhou ZuMengSi have agreed to work together to establish a comprehensive partnership for mutual benefit and complementarity. Both parties will collaborate on developing business in China and overseas. The potential cooperation plan includes: 1. The company will leverage its resources to act as the overseas agent for GanZhou ZuMengSi, providing services such as brand-building and investment attraction to help GanZhou ZuMengSi achieve greater value in the capital markets, as well as assisting with financing, restructuring, and listing. 2. GanZhou ZuMengSi will assist the company in promoting its products in China, including gaining the support of GanZhou ZuMengSi's national-level distributors and utilizing their extensive physical stores, strong sales network, and brand influence in China. The announcement stated that signing the memorandum of understanding will help both parties utilize their competitive advantages, resources, and expertise to promote a stable and mutually beneficial partnership. By implementing the potential cooperation plan, the company can expand into the innovative sports product market in China, enhance business diversification, and create potential sales growth. The potential cooperation plan is in line with the overall interests of the company and its shareholders.