Zitong Financial App NewsletterDes Holdings (08437)According to the announcement, on September 10, 2021, the company's wholly-owned subsidiary des (Shenzhen) Enterprise Co., Ltd. and Guangdong Tianyou Great Health Industry Co., Ltd. (Guangdong Tianyou University) signed a non-legally binding letter of intent for strategic cooperation. Accordingly, the group and Guangdong Tianyou carry out the sales of functional drinks and provide health consulting services to the upstream and downstream business of Guangdong Tianyou.
It is reported that the main business of Guangdong Tianfu University is withGuangzhou Baiyunshan Pharmaceutical Group Co., Ltd. (00874)Cooperate to produce and sell functional drinks.
The Board is of the view that through the sale of functional beverages and the provision of health consulting services to the upstream and downstream businesses of Guangdong Tianyou University, the Group's business development in China will be strengthened and supported, and the Group's customer base and services will be more diversified.