TIRX (NASDAQ:TIRX) (the "Company" or "TIRX") today announced that it has entered into a strategic Memorandum of Understanding ("MOU") with its strategic investor, SwiftStart Inc. Pursuant to the MOU, SwiftStart Inc. has expressed its intention to pursue an initial equity investment in TIRX at a proposed purchase price of US$1.50 per share, with a proposed total investment amount of US$80 million.

The execution of the MOU marks a further step in the advancement and evaluation of the strategic cooperation between TIRX and SwiftStart Inc. The two parties plan to explore collaboration across multiple areas, including industry digital transformation, intelligent risk management systems, data asset operations, and international business expansion, with the objective of enhancing TIRX's overall competitiveness in global capital markets and along the industry value chain.

The MOU is non-binding, and the completion of any proposed transaction remains subject to the negotiation and execution of definitive agreements, completion of due diligence, satisfaction of customary closing conditions, and applicable corporate and regulatory approvals. There can be no assurance that the parties will enter into definitive documentation or that any transaction will be completed.

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