The Board of Regina Miracle International (Holdings) Limited announced that on 31 March 2021, the Company and Le Ying agreed to enter into a new sales agreement (the "2021 Le Ying Sales Agreement") in view of the 2018 Le Ying Sales Agreement shall expire on 31 March 2021. The 2021 Le Ying Sales Agreement shall be effective on 1 April 2021, pursuant to which the Company agreed to supply and procure its subsidiaries to supply to Le Ying Group intimate wear products, sport wear products and pandemic prevention products for a term of three years expiring on 31 March 2024. The Company and Le Ying agreed that the 2021 Le Ying Sales Agreement may be extended for another three years upon negotiation within two months prior to its expiry, unless the agreement is terminated due to the trademark license term expires or due to Le Ying ceases to be a connected person of the Company.