HAO BAI INTL (08431) announced that on September 26, 2025, the company's subsidiary China Bentley Investment Limited entered into a non-legally binding memorandum of understanding with Yi Yang Zhi Jia Group Limited. The agreement focuses on jointly creating a comprehensive medical healthcare and community services ecosystem platform covering the Greater Bay Area and other cities across China.

Both parties intend to jointly establish Min Sheng Tian Xia Group Limited as their joint venture entity. The board of directors believes that the joint venture agreement framework outlined in the memorandum of understanding will provide a foundation for collaboration between the company and Yi Yang Zhi Jia on joint venture projects, while facilitating the group's further expansion of its construction business scope to achieve business diversification.

The board considers that the proposed joint venture agreement under the memorandum of understanding falls within the company's ordinary course of business. The terms of the joint venture agreement are established on normal commercial terms, are fair and reasonable, and align with the overall interests of the company and its shareholders.