On 29 March 2021 Adtiger Corporations Limited established a wholly-owned subsidiary Adtiger Technology Company Limited ("Adtiger Technology") in China with a registered capital of USD 30,000,000. On 3 February 2021, the Company and the Management Committee of the Jimo Economic Development Zone in Shandong Province (the "Development Zone") entered into a cooperation agreement to establish the headquarter of the Company in China in the Development Zone. Adtiger Technology, as the Chinese headquarter of the Company, will be in charge of the business development of digital marketing, industrial investment and new business distribution in Mainland China. The Group establishes its headquarter in China for the purpose of further development of the digital marketing market in China. Since the fourth quarter of 2020, the Company has gradually developed cooperative relationships with top-tier Chinese media platforms such as ByteDance, Kuaishou and iFeng.com and covered the Chinese customers from a wide variety of sectors such as internet service providers, education, social networking, gaming and e-commerce. As a global online advertising service provider, the Company adopts the development strategy of "Overseas + Domestic + Software as a service (SaaS)" and establishes its headquarter in China in addition to the further development of the cooperative relationship with overseas media publishers, with an aim to continuously expand its coverage of the Chinese media publishers, strengthen its digital marketing competitiveness in China, achieve the duel growth points in both China and overseas and provide more comprehensive digital marketing solutions to the customers of the Company. The in-depth business distribution in the Chinese market is expected to stimulate long-term performance and revenue growth of the Company.