China Trends Holdings Limited announced that on 1 March 2021 entered into a cooperation agreement with Innovation Future Limited, Mr. Wong Wai Man and Ms. Lau Nga Sze so as to expand the business scale of the Company. Pursuant to the Cooperation Agreement, the main contents of it are as follows: Any electronic products with innovative materials or consumer products that have been approved by the Company and have overseas markets (in countries or regions other than Mainland China) can be developed and produced by Innovation Future. Innovative Future is responsible for the sales of the above-mentioned products in the overseas market, and the Company is responsible for arranging sales in the Mainland China market (only sell to companies designated or approved by the Company). No matter which market it is sold to, Innovation Future guarantees that the gross margin of sales will not be less than 10%, and for the first year of sales, the total sales revenue will not be less than HKD 50 million, and after that the total sales revenue every year will not be less than HKD 100 million. On this basis, the Company agrees to invest 75% of the share capital of Innovation Future and to provide shareholder's loans of up to HKD 25 million.