The board of directors of Finsoft Financial Investment Holdings Limited announced that on 29 May 2023, the Company entered into a strategic cooperation framework agreement with Jinhuashi Fengde Baiwang Intelligent Technology Group Co. Ltd. (Jin Hua Shi Feng De Bai Wang Zhi Neng Ke Ji Ji Tuan You Xian Gong Si) (Fengde Baiwang Group), pursuant to which Fengde Baiwang Group intends to engage the Company to cooperate in developing an Internet of Things ("IoT") based electronic trading business service platform for agricultural products and introducing an international trading system for the sale of nationwide quality organic agricultural products. The parties will work together to promote rural revitalization and industrial development in the agriculture market in response to the relevant national policy.

The Company is principally engaged in the provision of financial trading software solutions, provision of other IT and internet financial platforms services, money lending business and assets investments in Hong Kong, with years of experience in developing trading systems and trading software solutions. Founded in 2019, Fengde Baiwang Group's businesses cover agricultural technology, cultural tourism, e-commerce, and IoT technology, etc. Adhering to the corporate mission of "building markets for cultivators and delivering healthy products for consumers", it is engaged in providing comprehensive professional services for healthy diet and contributing to farmers' affluence by driving the development of new agriculture with technology, and is also committed to enabling more consumers to enjoy high quality agricultural products and agricultural ecological experience services.

The Board believes that the parties' cooperation will fully leverage on their respective resource advantages and professional strengths to enhance the status of the parties in the relevant industries and thus achieve win-win results.