CWT International Ltd. has announced that its indirect wholly-owned subsidiary, CWT Pte. Limited, has entered into a memorandum of understanding with S.F. Express (Singapore) Pte. Ltd., a subsidiary of S.F. Holding Co., Ltd. The agreement aims to establish a basis for cooperation in areas such as general cargo warehousing and handling services, as well as chilled and frozen logistics. The memorandum is not legally binding, and further legally binding agreements may be pursued subject to satisfactory terms and necessary approvals. The companies will make further announcements as appropriate regarding the proposed cooperation.

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