The board of directors of the Allied Sustainability and Environmental Consultants Group Limited announced that on 29 April 2021, the Company and Prime Value Capital Management Limited (“PVCM”) entered into a non-legally binding memorandum of understanding of strategic alliance. The new cooperation and collaboration between PVCM and the Company utilize the Group’s expertise in Environmental, Social, Governance (“ESG”) consultancy and green, smart and healthy building consultancy and PVCM’s investment expertise and exposure in Europe. In the collaboration, the Company will provide consultancy services including green and healthy buildings, green finance, sustainability strategies and ESG advisory to PVCM and its clients and partners globally in relation to property and wealth management. The Group will also support PVCM in the sustainability communications marketing and promotion of PVCM’s investment projects and overseas relocation services to the Group’s clients and partners. PVCM shall appoint the Company as its Sustainability, ESG and Green Finance Partner. The Board believes the formation of the strategic alliance will benefit the future business development of the Group and expand its business coverage in overseas markets through leveraging on PVCM’s well-established network in Europe.