Sino Energy International Holdings Group Limited (SEHK:1096) entered into a memorandum of understanding to acquire Beijing Zhongxing Medical Equipment Co., Ltd. from Zhao Xin, Wu Yalung, Zhao Qiang and Li Quanfa on September 24, 2020. Sino Energy International Holdings entitled to conduct the due diligence of Beijing Zhongxing Medical Equipment Co., Ltd. Zhao Xin, Wu Yalung, Zhao Qiang and Li Quanfa agreed that they will not engage in any discussion, negotiation or arrangement or enter into any agreement in relation to the disposal of Beijing Zhongxing Medical Equipment with any other party during the 90 days after the signing of memorandum of understanding.