Jin Medical International Ltd. (NasdaqCM:ZJYL) signed preliminary Memorandum of Understanding to acquire an unknown stake in Jiangsu Zhongjin Kanglu Information Technology Co., Ltd. on December 14, 2023. Jin Medical International will conduct a comprehensive due diligence process which is expected to be completed by December 31, 2023. It is expected that commencing from March 2024, the parties will enter into detailed negotiations for the potential acquisition.