REG - RC365 Holding PLC - MoU with Hatcher Group Limited

RC365 HoldingAnnouncement

01/06/2023 14:00

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RNS Number : 3820B  RC365 Holding PLC  01 June 2023

1 June 2023

RC365 Holding Plc

("RC365" or the "Company")

MoU with Hatcher Group Limited

RC365 Holding Plc ("RC365"), a company focusing on payment gateway solutions
and IT support, is pleased to announce that on the 1 June 2023 its subsidiary,
Regal Crown Technology Limited ("Regal Crown"), signed a non-legally binding
Memorandum of Understanding ("MoU") with Hatcher Group Limited ("Hatcher") for
AI Development.

Pursuant to the MoU, Regal Crown and Hatcher intend to collaborate with each
other so as to bring the possible implementation of AI solutions and other
intelligent prediction algorithm models into the development and optimization
of Regal Crown's proprietary applications, including applications with
provision of digital wealth management solutions. The Company and Regal Crown
will be committed to harness full potential of the AI initiative by allowing
implementation of automated workflow in its proprietary applications, as well
as integration of new features including blockchain technology and virtual
banking facilities.

The AI Development MOU shall be valid for twenty four months from the date of
the AI Development MOU.

 

For further information please contact:

 RC365 Holding plc                                     T: +852 2251 1621

 Chi Kit LAW, Chief Executive Officer                  E: ir@rc365plc.com
 Guild Financial Advisory Limited - Financial Adviser  T: +44 (0)7973 839767

 Ross Andrews                                          E: ross.andrews@guildfin.co.uk

 

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