The board of directors of Linklogis Inc. announced the Company has proposed to establish a joint venture with Standard Chartered UK Holdings Limited ("Standard Chartered"), an affiliate of the existing shareholder of the Company, Standard Chartered Bank (Hong Kong) Limited, which held approximately 2.82% of the total outstanding shares of the Company as at the date of this announcement. Headquartered in Singapore, the JV Company is intended to establish "Olea", a fully-digitised trade finance origination and distribution platform, which aims to bring together investors seeking opportunities in an alternative asset class with businesses requiring supply chain financing. It is intended that Olea will provide risk analytics and secure platform which offers investors access to investment options for returns that align with their risk profiles. Leveraging blockchain technology and artificial intelligence, Olea will also provide a more transparent, efficient, convenient and affordable way for supply chain participants to access working capital regardless of their scale of business. The Board is of the view that the JV Company will be a sustainable and scalable supply chain financing business proposition that will allow the Group to broaden its market penetration, further its revenue base and strengthen its brand, and is in the interest of the Company and its shareholders as a whole. The proposed establishment of the JV Company does not constitute a notifiable transaction or a connected transaction for the Company under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.