The board of directors of Hopefluent Group Holdings Limited announced that the Company entered into a cooperation framework agreement with Country Garden Holdings Company Limited on 14 June 2023 in relation to the potential real estate agency business cooperation between the parties, subject to the terms and conditions of the definitive and legally-binding agreement(s). Pursuant to the Cooperation Framework Agreement, the Company will be given priority to participate in the real estate agency under the same conditions, in the event that Country Garden requires an introduction of an external commercial agency company for the nationwide collaborative development project. While an online platform of the Company will serve as Country Garden's channel for marketing business.

The Cooperation Framework Agreement shall constitute a basic framework for the Cooperation and the terms and conditions of the Cooperation are subject to further negotiations between the parties thereof. The Group is principally engaged in the provision of primary and secondary real estate agency services and financial services in the People's Republic of China. It has been the business strategy of the Group to consider promising business and investment opportunities from time to time in order to increase the value of the Company.

The Company has been providing real estate agency services to Country Garden and the Cooperation will deepen cooperation between the Company and Country Garden. The Group is expected to benefit through the combination of its experience in real estate agency businesses together with Country Garden's expertise in property development platform to maintain solid relationships with strong property developers in the market and continue to develop the Group's real estate agency business in the PRC and to achieve a comprehensive strategic integration. The Board considers that entering into the Cooperation Framework Agreement will help expand and promote the growth of the Group's existing businesses of real estate agency services in the PRC.

The Cooperation is also expected to expand the sales channels of the Group in the PRC, which is therefore expected to increase the Group's profitability and bring long term value to the Group.