JX Luxventure Limited announced that, on March 31, 2022, Jin Xuan Luxury Tourism Digital Technology Co. Ltd., a subsidiary of the Company, entered into and executed a Framework Agreement on Strategic Cooperation (the "Agreement") with Ragdoll International Trading Co. Ltd., an E-commerce platform operator.

Pursuant to the Agreement, Ragdoll will purchase from JX Hainan cross-border pet foods in the amount of up to USD 30,000,000 to be distributed on the platforms operated by Ragdoll.