iDreamSky Technology Holdings Limited announced that on March 6, 2024, the Company entered into a memorandum of understanding with Saudi Cloud Computing Company, pursuant to which the Company and SCCC wish to leverage their respective strengths to achieve the following initiatives to support the development of gaming & esports sectors of both parties in Saudi Arabia: support the Company on the launching and operations of Calabiyau and other future gaming pipelines by SCCC via its hyperscale cloud computing offering; Collaborate on Kingdom-wide network performance optimization for gaming & esports in general; launch, host and promote the Company's SaaS tools for the game development community in Saudi Arabia; and explore other potential projects, including but not limited to Fanbook, ad mediation, co-marketing initiatives, SCCC game launcher, growing the esports community, supporting in delivering esports content. SCCC, based in Riyadh, Kingdom of Saudi Arabia, is positioned to emerge as a prominent leader in Cloud computing and artificial intelligence with comprehensive services including e-Commerce, big data, database management, Internet of Things, Object Storage, Kubernetes, and tailored data solutions. The Company, as a leading digital entertainment platform in China, has developed, localized and published various high-quality games, applications and tools worldwide, with a focus on the Chinese market.

In addition, the Company has developed a detailed distribution plan, tailored to different cultures, user needs and market size in different countries and regions, and has formulated corresponding market strategics. With developing gaming industry being proposed in the Saudi Vision 2030, the Company believes that Chinese gaming manufacturers have broad development space in Saudi Arabia. The cooperation between the two parties will support the Company in game launching and operation in Saudi Arabia, especially for Calabiyau, the Company's first self-developed anime-style competitive shooting game, which has quickly gone viral in field of anime games and shooting games after its launching in August 2023 in China.

Through the in-depth cooperation with SCCC, the two parties will jointly promote the localization process of Calabiyau and Other game products, ensuring the attractiveness and competitiveness of these products in different markets. SCCC will also rely on its own resources to assist in the Company's promotion of Fanbook, AI application services, and SaaS tools in the Saudi Arabian.