Core Viewpoint - 707 Cayman Holdings Limited has entered into a memorandum of understanding with Precious Choice Global Limited to explore building a cryptocurrency treasury reserve, aiming to significantly scale holdings over the next 12 months [2][5]. Group 1: Company Overview - 707 Cayman Holdings Limited is a Hong Kong-based company that sells quality apparel products and provides supply chain management solutions to customers across Western Europe, North America, and the Middle East [4][11]. - The company serves mid-size brand owners and apparel companies with comprehensive operations and private labels sold worldwide [4][11]. Group 2: MOU Details - The MOU includes an exclusivity provision for both companies for one year from the date of the agreement [2]. - The cooperation will focus on building a portfolio of cryptocurrencies, including Bitcoin, Binance Coin, and Ethereum [2][5]. Group 3: Strategic Rationale - The company believes that building a cryptocurrency portfolio could facilitate transactions with global customers and suppliers, reduce cross-border transaction costs, and provide optionality for leveraging this strategic asset in the future [5]. - The directors of the company see potential in exploring the Web3 industry and gaining a deeper understanding of blockchain technology through collaboration with Precious Choice [5].