Hao Bo International (08431) terminates proposed joint venture agreement.

Wisdom Financial News APP news, Howbar International (08431) announced that, due to the inability to reach one of the conditions contained in the proposed joint venture agreement between its wholly-owned subsidiary, China Bentley Investment Limited, and the Yu Yang Home Group Limited, the company has decided not to proceed with the proposed joint venture agreement. The company has notified the Yu Yang Home Group Limited of the termination of the proposed joint venture agreement and the transactions under it. The board of directors believes that the termination of the proposed joint venture agreement will not have any significant adverse impact on the group's existing business, operations, or financial condition.