The board (the "Board") of directors (Directors) of the Ocean Star Technology Group Limited announced that on 12 January 2023, the Company entered into a strategic cooperation framework agreement (the "Framework Agreement") with (Guangdong Zhongtianping Kangxin Health Technology Partnership (Limited Partnership)) (ZTP Kangxin, together with the Company, the "Parties") in respect of the potential strategic business cooperation between the Parties (the "Strategic Cooperation"), subject to the terms and conditions of formal and legally binding formal agreement(s) (the Formal Agreement(s)) to be entered into separately. Pursuant to the Framework Agreement, the Parties agree to strategically cooperate in the development of the "big health" e-commerce online platform and the sales channel of "big health" related products, including lingerie products of the Group, in the People's Republic of China (PRC). The Framework Agreement is valid for a term of one year upon execution of the Framework Agreement.