USPACE Technology Group Limited has entered into a memorandum of understanding with Guangdong Qingyu Intelligent Technology Co., Ltd. regarding a potential investment and merger and acquisition involving a company based in the People's Republic of China. The subject company specializes in the production of power plug cables, wiring harnesses for home appliances, automotive and robotics applications, new energy and energy storage wiring, high-speed 5G connectors, consumer electronics cables, and security and intelligent connecting cables. As of now, no formal investment agreement has been reached, and the transaction remains subject to further negotiation and due diligence.
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