Haichang Ocean Park Holdings Ltd. entered into a strategic cooperation agreement with Shanghai Character License Administrative Co., Ltd. in relation to the cooperation on "Ultraman Series". According to the Agreement, both parties will leverage on their respective expertise and resources to cooperate on "Ultraman Series" theme block and theme park projects in relation to the parks or themes of the Group (such as ice and snow theme and ocean theme), and including areas such as catering, limited-edition products, performing arts, theme shops and pop-ups, etc. Both parties will actively explore mutual sustainable paths for brand development and product upgrade of "Ultraman Series" in connection with theme parks. The parties are stepping up efforts in promoting and finalising specific cooperation matters during the period from 15 December 2021 to 14 December 2022. Specific cooperation details, cooperation conditions and other matters will be subject to separate agreement(s) in writing by the two parties. The Board believes that the Group's cooperation under the Agreement with SCLA in relation to " Ultraman Series ", a highly popular and influential brand, would achieve complementary advantages, resource sharing and mutual benefits, further expand the market share of the brands of both parties, and help build the Group as a platform for the provision of lifestyle entertainment featuring marine culture.