The Board of directors of Heng Hup Holdings Limited announced that the Company has on 3 March 2023, entered into a Memorandum of Understanding ("MOU") with China Environmental Technology International Group Limited ("CET"), in relation to the initial intention of both parties to the cooperation in developing projects in the field of environmental protection business, with CET intend to provide a range of investment and advisory support and pursue a strategic investment in the Company. Both parties have not yet determined any commercial arrangements of any investment cooperation but intend to execute separate agreements for each cooperation in the future.