MOMENTUM FIN (01152) has announced the signing of a non-binding memorandum of understanding with PayCools Cayman Limited on March 11, 2026, after market hours. The agreement outlines the company's intention to subscribe for or acquire a certain number of shares in the target company. The memorandum is not legally binding for either party, except for provisions related to confidentiality, validity period, costs, expenses, and governing laws. The consideration for the proposed share acquisition will be $3 million, calculated based on the target company's market valuation of $150 million. Payment is to be settled upon completion through the allotment and issuance of new consideration shares. PayCools Cayman Limited primarily engages in providing cross-border collection and local payment solutions, offering tailored financial services to its clients. The company is established in emerging markets, with key service regions including the Philippines, Malaysia, Thailand, Indonesia, Latin America, and the Middle East, while also covering other countries. It plans to expand its e-commerce offerings and diversify its business model to enhance low-cost capital flow and provide convenient payment solutions for cross-border e-commerce enterprises. The target company offers comprehensive cross-border payment solutions supporting multiple currencies and payment methods. Consequently, both parties intend to jointly develop an e-wallet product, share transaction-related resources, and conduct a share swap to strengthen mutual trust and cooperation, thereby establishing a long-term and stable strategic partnership.