Vixtel Technologies Holdings Limited (SEHK:1782) entered into a non-legally binding memorandum of understanding to acquire unknown stake in Guangdong Lewei Software Co., Ltd. from Ding Zhenxing and Shenzhen New Potential Angel Venture Capital Enterprise (Limited Partnership) on March 31, 2022. The consideration will be agreed in due course, and no deposit shall be paid upon the signing of the memorandum of understanding. Pursuant to the memorandum of understanding, during the period commencing from the date of the memorandum and ending on the later of 60 days, the sellers shall not initiate or enter into any agreement in relation to the sale or transfer of interest in Guangdong Lewei Software Co., Ltd. Subject to the satisfaction of the due diligence review of Guangdong Lewei Software Co., Ltd., Vixtel Technologies Holdings Limited and the sellers shall negotiate in good faith in ensuring the formal agreement in relation to the acquisition.