Eggriculture Foods Ltd. announced that with reference is made to the announcement dated 14 December 2020 regarding the MOU in relation to possible business cooperation. Capitalised terms used herein shall have the same meanings as defined in the Announcement unless otherwise stated. The Board announced that as no formal agreement has been entered into between the Company and the Prospective Partner as at the date of this announcement, the Board has determined to discontinue the Discussion regarding the MOU. The Company will continue to seek other business opportunities to broaden the revenue streams of the Group. The Board is of the view that the termination of the MOU does not have any material adverse impact on the operations or financial position of the Group.