The Board of Directors of PTTS announced that PTTS had on 20 September 2023 entered into a Memorandum of Understanding ("MOU") with Rhong Khen International Berhad ("RKIB") whereby PTTS and RKIB intend to form a collaboration to establish a system pallet business to meet the increasing demand for efficient supply chain management and logistic services within an automated intralogistics warehouse.