In general, it's difficult trying to find info on Chinese tickers IMO. I did not find anything useful on Kang Min Global. The possibility of Xinjiang Hefeng Zhitong Biotechnology Co MOU coming to fruition is feasible I suppose. While the ties to “One Belt, One Road” could still be an option as a quote from the latest 10-Q on 06/19/2020 reads.
'Our Company focuses on the acquisition of target companies with operations located primarily in Southeast Asia, the Pacific Islands, the People’s Republic of China (including Hong Kong and Macau) (the “PRC”), Taiwan and other jurisdictions within Asia.. We believe that the PRC’s “One Belt, One Road” (“OBOR”) regional cooperation initiative will be a significant driver for strategic investment opportunities throughout Asia.'