Virtual Mind Holding Company Limited announced that a wholly-owned subsidiary of the Company has entered into a production and sales licensing contract with a subsidiary of Tencent, obtaining the non-exclusive licensing from Tencent for the Group to produce and sell water cup peripheral merchandise of the online game Honor of Kings in the mainland of the People's Republic of China (excluding Hong Kong, Macao and Taiwan). The licensing period is fifteen months, ending on 31 January 2025. Shareholders and potential investors of the Company are advised to exercise caution when dealing in the shares of the Company.