The company has entered into a termination agreement to terminate the MOU on January 22 with Time Season Investments Limited regarding the proposed acquisition of an environmentally friendly LED eco-planting system company. All obligations and rights of the company and the target company under the MOU shall be waived and discharged and no claims shall be made against the other party.
The company stated that after further discussions, the parties agreed to terminate the memorandum of understanding and cooperate in other forms.
At present, the company has cooperated with the target company and a high-tech company to develop a new environmentally friendly LED eco-planting cabinet system, and has successfully manufactured the first model of the system.
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