The board of directors of Haichang Ocean Park Holdings Ltd. announced that the Group has recently entered into a strategic cooperation agreement (Agreement) with Happy Valley Cultural Tourism Development Co. Ltd. for cooperation in the field of retail and other aspects. Pursuant to the Agreement, Happy Valley will simultaneously introduce the Group's Ultrama Super Energy Station project to eight Happy Valley projects.

The Group is responsible for providing standardized Ultraman Super Power Station products and merchandise. Both parties will jointly explore and negotiate the cooperation model of the Happy Valley projects, which will be jointly operated by Happy Valley and the Group. The parties will discuss the specific business cooperation conditions for each Happy Valley project, the details of which are subject to the specific agreement separately negotiated and signed by both parties.

The term of the Agreement is three years. Upon expiration, if there is no objection, the parties may negotiate to renew or adjust the cooperation content and sign a separate agreement.