South China Financial Holdings Limited has announced that it has entered into a memorandum of understanding regarding the proposed formation of a joint venture. The initiative aligns with national and Hong Kong SAR government policies promoting strategic emerging industries such as artificial intelligence and biomedicine. The potential joint venture aims to integrate the Group's financial expertise with advanced technology, contributing to the "Healthy China" and "Digital China" frameworks. The company emphasized that no legally binding agreement has been reached yet, and the proposed joint venture may or may not materialize. Further updates will be provided as appropriate.