Pinchuang Holdings (08066): Preliminary discussions are underway on the possibility of cooperating with a company mainly engaged in membership-based social e-commerce platform business

Zhitong Finance App News, Pinchuang Holdings (08066) announced that the Group's main business is the production and sale of smart cards, the provision of customized smart card application systems, the provision of financial and management consulting services, scrap metal sales and trade, and media and entertainment. The Group has been actively seeking potential business opportunities to expand and diversify its revenue sources and promote the Group's long-term development. At the same time, the directors are optimistic about the prospects and development potential of other e-commerce platform businesses in China that provide high value-added products. The company is also initially discussing the possibility of cooperating with a company mainly engaged in membership-based social e-commerce platform business. Looking forward to the future, the Group will continue to seek suitable live e-commerce development or investment opportunities, with the aim of bringing higher returns to the company's shareholders.

As of the date of this announcement, the Group has not entered into any significant provisions of these possible cooperation agreements, nor any memorandums of understanding or final agreements. Although the Group intends to explore live e-commerce business/social e-commerce platforms, the Group's current main business will continue to be the Group's core business. The company will publish separate announcements regarding its business development in due course.