CIIT · Tianci International, Inc.

This MOU represents Tianci’s first disclosed strategic step into direct mineral resource development, extending its recently announced fiscal-year expansion into global mineral trade. While non-binding, the agreement outlines concrete geographic scope—500 hectares in Gwanda for gold and 1,500 hectares in Zvishavane for chromium—and assigns Greypole Mining responsibility for navigating Zimbabwean regulatory processes related to exploration and mining rights. The phased implementation framework signals management’s intent to prioritize compliance and de-risk execution, consistent with Chairman Gao Shufang’s emphasis on 'prudent strategy—from mining rights acquisition to technical extraction.' As Tianci operates under an asset-light logistics model through subsidiary Roshing, this initiative introduces exposure to upstream mining activities, requiring new operational competencies, jurisdiction-specific regulatory approvals, and potential capital commitments not previously disclosed. No financial terms, valuation, or funding mechanisms are included in the MOU, and no timeline for executing a binding agreement is specified. Investors should monitor future filings for progression to a definitive agreement, which would trigger higher materiality classification and additional disclosure under Item 2.01 or 1.01.