The Board of China Assurance Finance Group Limited announced that on 23 September 2018, the Company and MBM International LLC (MBM) entered into the MOU in relation to the online physical commodity exchange business for provision of adequate and safe food at reasonable prices to the rising Islamic population. The parties shall treat all information related to the project as private and confidential and shall not disclose any particular of the project to third party without the prior consent of the other party. The Parties are of the view that it is a significant issue to provide adequate and safe food provisions with diversity, of sufficient quantity and quality at a reasonable price range to the rising Islamic population who are living throughout the different continent of the world. To that end, the Parties are of the views that it should engage the entire process from procurement of agricultural products as raw materials to food processing and manufacturing to logistics to distribution covering the entire value chain with the support of remote sensing surveillance and IoT tracing measures.