JBB Builders International Limited (JBB Builders; 01903) has entered into a six-month memorandum of understanding (MOU) with Xiamen Jianfu Chain Management Co., Ltd. (Xiamen Jianfu) dated 8 May 2026.

The document is non-legally binding—aside from standard clauses covering termination, notices, governing law, expenses and confidentiality—and aims to frame exploratory work on launching convenience-store chains in Malaysia and Singapore.

Key collaboration points • Scope: Joint feasibility studies and business-model development for potential convenience-store operations in both markets. • Synergies: JBB Builders will contribute local networks and resources, while Xiamen Jianfu brings retail franchising, supply-chain management, logistics, R&D and e-commerce expertise. • Objective: Unlock new retail opportunities by combining complementary capabilities in brand, operations and supply chain.

Corporate relationship Xiamen Jianfu and its ultimate beneficial owners are classified as independent third parties under Hong Kong Listing Rules.

Strategic rationale The board believes the initiative could broaden JBB Builders’ exposure to the retail sector in Malaysia and Singapore and views the arrangement as beneficial to shareholders, subject to the outcome of the feasibility work.

Next steps Any formal, legally binding agreement arising from the MOU will be disclosed in accordance with Listing Rule requirements. Shareholders and potential investors are advised that the current MOU reflects preliminary intentions only.