The board of directors of BExcellent Group Holdings Limited announce that on 14 March, 2019, the company entered into a legally binding memorandum of understanding with China Mobile Hong Kong Company Limited under which the parties have set out a framework for potential strategic collaboration in relation to businesses of supplementary education, mobile and multi-media communication and information platforms. Under the Strategic Collaboration, China Mobile and the Group will jointly develop high-value-added supplementary education services and solutions in the Guangdong-Hong Kong-Macau Greater Bay Area, in particular digital education product(s) or platform(s) integrated with big data to facilitate learning assessment and progress-tracking, through multi-media communications and technological solutions, with the joint aim to synergistically increase application of the parties' products and services to a larger customer base including young and family customers in the Guangdong-Hong Kong-Macau Greater Bay Area.