Hao Bai International (08431) has issued an announcement regarding the proposed joint venture agreement with Bentley Huajun (Hainan) Food Co., Ltd. The board of directors hereby announces that the company has made no progress, development, or execution under this strategic cooperation. Under these circumstances, the company will no longer proceed with this business development initiative. The board believes that discontinuing the proposed joint venture agreement will not have any significant adverse impact on the group's existing business, operations, or financial condition.