Infinities Technology International (Cayman) Holding Limited announced that the board of directors of the Company announces that, in November 2023, a subsidiary of the Company entered into a strategic cooperation framework agreement with Lix Film and Game Group Company Ltd. in relation to, among others, the establishment of a joint venture. The parties to the Agreement will jointly develop high quality intellectual properties (``IP'') to promote and bestow excellent Chinese culture on a global scale. According to the Agreement, it is intended that the Group and Lix Film shall form the joint venture and the business scope of the joint venture shall include film and television investment and promotion, IP game adaptations of film and television works, IP adaptations of other domestic and overseas film and television works, animations, online novels, and digital human development and operations.

As of the date of this announcement, both parties have established a joint venture to commence in-depth cooperation around business scenarios such as IP initiation, film and game linkage, artificial intelligence, digital human technology development and copyright operations.