JBB BUILDERS (01903) signs a memorandum of understanding with Xiamen Jianfu Chain Management to jointly develop chain convenience store opportunities in Malaysia and Singapore.

JBB BUILDERS (01903) announced that on May 8, 2026, they signed a six-month Memorandum of Understanding with Xiamen Jianfu Chain Management Co., Ltd. (strategic partner). According to the MOU, the group will collaborate with the strategic partner to explore chain convenience store opportunities in Malaysia and Singapore. The parties will conduct feasibility studies on this collaboration and explore potential business models. The strategic partner is a limited company established in accordance with Chinese law, whose main business is managing and operating convenience stores in China. The strategic partner has built a business system of "brand + operation + supply chain" through operating directly owned stores, franchise operations, and wholesale supply chain businesses, covering areas such as product development, commercial trade, warehousing logistics, information intelligence, live e-commerce, research and testing, and more. The company believes that this collaboration is a good opportunity to enter the convenience store business in Malaysia and Singapore, as both parties have expressed interest in the chain retail industry and future cooperation. This collaboration is expected to create significant operational synergies by combining the group's established local business networks and resources in Malaysia and Singapore, as well as the strategic partner's rich experience in retail franchise operations and supply chains. With these complementary advantages, the group will be able to fully capitalize on new business opportunities in the retail industry in Malaysia and Singapore.