MNDR · Mobile-health Network Solutions Class A Ordinary Shares

Mobile-health Network Solutions (Nasdaq: MNDR) announced a non-binding Strategic Cooperation Framework MOU with Hector Capital Holdings Pte. Ltd., under which Hector Capital will invest up to US$119 million into MNDR. The funds are earmarked to support MNDR's acquisition of majority stakes in two healthcare technology firms: MILVIK Singapore Pte. Ltd. (BIMA), a healthcare platform operating across Asia and Africa, and M&M Helix Pte. Ltd. (MM Helix), an AI-powered telemedicine and patient care platform. The transaction structure may include equity subscription, convertible instruments, or other financial instruments, with proceeds also allocated for general corporate purposes. Consideration for the acquisitions will be based on an independent valuation to be agreed upon by the parties. The MOU is strictly non-binding and serves as a basis for negotiating definitive agreements, including an Investment Agreement and Share Purchase Agreements. Completion is contingent upon MNDR's completion of full legal, financial, and operational due diligence on BIMA and MM Helix, receipt of independent valuation, and obtaining all necessary regulatory approvals, including those under Nasdaq listing rules and Singapore law. Hector Capital, which holds majority ownership in both BIMA and MM Helix, brings strategic advisory support and business network introductions. The partnership aims to accelerate growth of the acquired entities through expanded digital health offerings, enhance efficiency via MNDR's AI-driven tele-consultation and workflow automation, and broaden access to affordable healthcare across emerging markets. Management commentary from Dr. Siaw Tung Yeng, Co-CEO of MNDR, highlighted the transformative potential of integrating BIMA's healthcare ecosystem and MM Helix's AI platform to build a scalable, affordable healthcare network. Vikash of Hector Capital expressed confidence in MNDR's vision and the synergies expected to drive profitability and reduce costs through AI. This strategic move positions MNDR to significantly expand its footprint in Asia and Africa, leveraging its Nasdaq listing and operational expertise.