The board of directors of CAA Resources Limited announced that the company signed a strategic cooperation agreement with 72 Technology (Hong Kong) Limited on 21 October 2022. According to this agreement, the two parties will jointly explore cooperation opportunity in the field of Big Health in the future aiming at facilitating the interconnection of the industrial supply chain and empowering the development of the technology and health care industry. The strategic cooperation with Seventy-Two Technology will help the Group's business diversification and rapid revenue growth.

Seventy-two Technology and its subsidiaries have laid a good foundation in the past four years to establish a wide and effective marketing system whereby nearly 30,000 people in PRC are readily available to promote the company's plant stem cell series of healthy products. Through multi-dimensional innovation and exploration, this cooperation will jointly create a win-win and sustainable strategic partnership. The cross-selling via each other 's sales channels is expected to expand product sales to improve the turnover and profitability mutually.