Roan Holdings Group Co., Ltd. announced that the Company has signed a cooperation agreement with Flourishing Technology Inc. and media interactive technology experts to set up a joint venture, FINE C+ Interactive Technology Limited, to jointly develop culture and tourism consumption, education development industry business and personal finance services. Pursuant to the Agreement, the Target will be engaged in offering cultural tourism facilities and products research and development, construction investment, sales and operations, customers maintenance and services; immersive interactive education facilities and products research and development, market promotion, and customer maintenance and services, utilizing multimedia real-time multi-threaded interactive technologies. Roan and Flourishing will use their resource sharing and respective advantages to jointly set up a technology-based immersive interactive multimedia cultural and tourism company. The Target will have an initial registered capital of RMB 5 million. According to the agreement, Roan will be the largest shareholder in the Target by cash investment. To ensure smooth cooperation, Roan will be responsible for the Target's development strategies and operation management; Flourishing will be responsible for Target's technical research and development, production process management, facilities installation and maintenance, and software updates. Both parties will work together to jointly promote the business operation and global market expansion of the Target.