PAK TAK INT'L (02668) announced that on January 19, 2026, the Company (as the potential buyer) entered into a non-binding memorandum of understanding with a major shareholder (the potential seller) of a company incorporated in the United Republic of Tanzania (the Target Company). The memorandum concerns the potential acquisition of part or all of the equity interest in the Target Company held by the potential seller. Based on information currently available to the Group, the Target Company owns an operational gold processing plant and is engaged in gold exploration and production projects in Tanzania. To the best of the Directors' knowledge, information, and belief, after making all reasonable enquiries, as of the date of this announcement, and except that one of the ultimate beneficial owners of the potential seller is the spouse of the Company's independent non-executive director, Mr. Li Wubo, the Target Company, the potential seller, and their ultimate beneficial owners are independent of the Company and its connected persons and are not connected to them. According to the memorandum of understanding, the Company intends to conduct further due diligence on the Target Company and its assets, negotiate the terms of the transaction, and enter into a formal agreement within the memorandum's term, which is a three-month period from its date. The Group has been actively seeking to diversify its existing business through new business lines with significant growth potential and to broaden its revenue sources to enhance shareholder value. The Board believes that the possible acquisition represents a suitable opportunity for the Group to expand its investment scope and diversify its revenue streams, which will be beneficial to the Company and the overall interests of its shareholders.