On June 12th, Gelunhui announced that on June 6th, 2024, the Group and Hopelight Health Technology (Shenzhen) Co., Ltd. (collectively referred to as "both partners") signed a memorandum of understanding. According to the memorandum, both partners will expand public welfare programs related to rural revitalization (including public welfare supermarkets) and green food (including local dining) and other integrated innovative businesses (including green food supply chains in the background) for Shenzhen and domestic markets by playing their respective advantages and the resources of other multi-party partners.
Hopelight Health Technology is a strategic business of Huanao Audiocodes (Shenzhen) Co., Ltd., a core business in the field of stem cell research, preparation and market operation in China. It is also the service and implementation institution of Mozi Charity Hope Light Public Welfare Fund, under Hainan Mozi Charity Foundation.
The Board of Directors believes that it is advantageous for the company to explore opportunities to expand its existing business portfolio and engage in new business operations with growth potential, as well as to expand its sources of revenue from Other.
