Creative China Holdings Limited announced that Beijing Yiju Creative Technology Limited ("Beijing Yiju"), an indirect non-wholly owned subsidiary of the Company, entered into a cooperation framework agreement (the "Cooperation Framework Agreement") with Beijing Shu Cai Cultural Media Limited ("Shu Cai") on 4 October 2021 (after trading hours of the Stock Exchange) in relation to the Potential Cooperation (as defined below) between Beijing Yiju and Shu Cai subject to the terms and conditions of the formal agreement(s) based on each project (the "Formal Agreement(s)"). According to the Cooperation Framework Agreement, Beijing Yiju and Shu Cai have agreed to establish a cooperation on the aspects of creating and managing the official pages for over 30 exclusive artists of Shu Cai on the personalized mobile-based social networking platform named "AiWoo" ("Mobile APP") owned by Beijing Yiju (the "Potential Cooperation"). The Cooperation Framework Agreement shall be valid for five years with automatic extension of five years indefinitely if no party disagrees when it expires. The Potential Cooperation under the Cooperation Framework Agreement is still subject to the entering into of the Formal Agreement(s) and may or may not materialise as described or at all. Upon entering into the Formal Agreement(s) pursuant to the Cooperation Framework Agreement, further announcement(s) will be made by the Company in relation to such agreement(s) and transaction(s) contemplated thereunder in accordance with the Rules Governing the Listing of Securities on the GEM of the Stock Exchange of Hong Kong Limited ("GEM") (the "GEM Listing Rules").