ANKAM signs non-binding MOU for strategic partnership and potential acquisition of T&E Global

Ankam, Inc.

Non-binding MOU with TRUST & ETHIC CO., LTD. (T&E Global) outlines framework for potential future acquisition of T&E Global's parent company.
ANKAM plans to establish a Taiwan subsidiary; CEO Wang Wen Lung to be appointed as its representative to manage T&E Global's overseas operations.
Any acquisition is conditional on T&E Global achieving agreed-upon KPIs; no binding obligation until definitive agreements signed.
MOU is a related party transaction as CEO Wang is involved; Board approved with Wang recused, terms deemed arm's-length and fair.
MOU does not contain binding terms except confidentiality; further corporate and regulatory approvals required for any transaction.

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