Damiani of Mingfeng Jewelry. The company has signed a memorandum of understanding with DAMIANI, a leading luxury jewelry brand in Italy, to exclusively distribute and sell jewelry products and watches with DAMIANI trademark through the company's regional sales outlets for at least five years. Both parties will formulate detailed business plans for opening at least 80 sales points, and will further explore the distribution of other products with damiani trademarks through sales points. Therefore, damiani of Mingfeng Jewelry has the exclusive distribution right of jewelry.