Zhitong Finance App News, Zhifeng Industrial Electronics (01710) issued an announcement. According to the memorandum of understanding, potential sellers must do their best to induce and assist potential buyers to conduct due diligence on the Group during the exclusion period. The exclusivity period is two months from the date the MOU is signed.

As of the date of this announcement, due diligence was ongoing, no final agreement had been reached on the potential transaction, and the potential seller was not notified by the potential buyer that it had no intention of continuing negotiations on the potential transaction.

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