China Creative Global Holdings Limited announced that on 13 December 2021 entered into a Memorandum of Understanding with Hong Kong Bodili Holding Group Limited to form a strategic alliance. Pursuant to the Agreement, the substance, terms and conditions of such relationship is still under negotiations between the parties and the alliance may be in form, including but not limited to, by forming a jointly owned company, establishing holding company and subsidiary relationship and etc. In this respect, the Board believes that, through the businesses with Bodili Group, the strategic alliance would not only expand the Company's business and enhance its returns, but would also increase its market competitiveness in overseas markets. Moreover, pursuant to the Agreement, the Company and Bodili Group shall look for the possible for further cooperation.