YH Entertainment Group announced that on February 23, 2024, the Company entered into a strategic cooperation agreement with Beijing Yuanlong Yato Culture Dissemination Co. Ltd. Pursuant to the Strategic Cooperation Agreement, Yuanlong Yato and the Group will conduct diversified cooperations on, among others, collaborations in relation to development of IP and IP derived products, collaborations in relation to sales and marketing channels, IP and branding management and advertising collaborations, and collaboration in relation to
development of metaverse digital products and services. The Board considers that the Strategic Cooperation Agreement provides a valuable opportunity for the parties to leverage their respective resources and expertise and create mutual benefits and synergy to each other. Therefore, the Board is of the view that entering into the Strategic Cooperation Agreement is in the interest of the Company and its shareholders as a whole.