The board of directors of AGTech Holdings Limited announced that on February 8, 2023, the company entered into the strategic cooperation agreement with Galaxy ICC & Arena Limited, Beijing Damai Cultural Media Development Co. Ltd. and Alibaba Pictures Group Limited. Pursuant to the Strategic Cooperation Agreement, the parties thereto have agreed to establish a strategic cooperation by utilizing their respective resources and experiences for the purpose of organizing Macau cultural and entertainment activities and promoting the development of the cultural and entertainment industry in Macau, such as (a) organizing live performance, concerts, immersive and interactive performance, livehouse and music festivals, musicals and theatrical performance in Macau; (b) establishing publicity and marketing cooperation and providing sales support and management of the ticketing system; (c) organizing local exhibition, awards ceremony and film festival in Macau; and (d) boosting the cooperation in movies and bringing in talents in the cultural and entertainment industry in Macau.

The term of the Strategic Cooperation Agreement commences from February 8, 2023 to February 7, 2026.