Inno-Tech Holdings Limited announced that the Company entered into a memorandum of understanding with Kappa Food Trading Limited in respect of the possible cooperation in business relating to sales and distribution of seafood such as live clam and lobster. Pursuant to the Cooperation MOU, the parties agreed, among other things, the following intentions on their co-operation: Kappa Food shall source to the Company for seafood from Pacific Ocean such as live clam and lobster; and the Company shall provide sales and distribution of seafood such as live clam and lobster in PRC or Hong Kong.