The Board of Directors of Bortex Global Limited announced that on 3 May 2024, the Company and Haofang Culture Media (Ningbo) Co. Ltd. signed a strategic cooperation agreement. According to the Strategic Cooperation Agreement, the two parties have reached a preliminary agreement that at the appropriate time, the Company and Haofang Culture will jointly develop cooperation opportunities in real estate allocation, real estate sales, and real estate financial services.

The two parties will, depending on market conditions, continue to expand the scope of cooperation, and will hold high-level meetings from time to time to discuss the model, direction, progress of cooperation and other matters of the cooperation project. The Group is principally engaged in the trading and manufacturing of LED lighting products, and is also involved in the development of artificial intelligent products related to LED lighting. The Board strives to identify potential investment opportunities to develop and diversify the Group's existing business portfolio and broaden its sources of income, so as to strive to improve the Group's business operations and financial position as well as to enhance value to the Shareholders.

Under the framework of the Strategic Cooperation Agreement, the Company and Haofang Culture will strengthen exchanges and collaboration in, among others, business opportunities and market information to achieve complementation and sharing. The two parties will cooperate closely in the areas such as construction and development of new real estate sales and real estate finance.