China Jicheng Holdings Limited announced that on 26 October 2023 (after trading hours), the Company and Zhengzhou City and Shanren Information Technology Co. Ltd. entered into a non-binding agreement on strategic cooperation. STRATEGIC COOPERATION.

The Company intends to leverage on Zhengzhou City and ShANren Information Technology Co. Ltd.'s expertise and technical know-how on development of online to offline business, live-streaming sales channel and the cultivation of close-end ecosystem. The company targets to integrate digital technology including but not limited to the adoption of Internet-of-Things (IOT) into its business, promotion of the growth on the electronic commerce services and exploration of digital-related business opportunities.

Meanwhile, Zhengzhou City and Shanren information Technology Co. Ltd. intends to leverage on the Company's production capabilities, wide spectrum of clients and social impact to promote its all-in-one electronic commerce solution and development of smart city applications. By utilizing both parties' competitive advantages, resources and expertise, both parties intend to establish a stable and mutually beneficial partnership on technology development and to capture business opportunities amid the rapid technological advancement.