Feiyang International Holdings Group Limited (SEHK:1901) entered into a non-legally binding memorandum of understanding to acquire Radiant Assets Management Limited for HKD 90 million on May 15, 2023. The total consideration of this transaction is not more than HKD 90 million. Feiyang International Holdings and seller agreed to have an exclusivity period of six months to complete all necessary preconditions including due diligence and determination of transaction within the exclusivity period, and eventually a legally binding formal equity acquisition agreement will be signed.