Ocean Star Technology Group Limited and potential investors informed of the latest development of the Group. As stated in the annual report of the company for the year ended 31 March 2021, it has been the Group's plan to cautiously seek for potential business opportunities to create higher value for the Shareholders. The board ("Board") of directors ("Directors") of the company announced that the Group intends to commence the business in provision of application of artificial intelligence, big data analysis, cloud storage services and related cloud-based server hosting and leasing services, in view of the increasing demand for information data, research and development on artificial intelligence and other cloud-related services in Hong Kong and the People's Republic of China (the "PRC"). As at the date hereof, the Group is principally engaged in the business of in (1) designing, manufacturing and sales of lingerie products in Hong Kong, Macau and the PRC; and (2) provision of beauty services in Hong Kong. The Board believes that the commencement of the aforesaid business would be a valuable opportunity for the Group to diversify its business portfolio and broaden its income instream, and ultimately enhance value for the Shareholders. The Board is of the view that the commencement of the aforesaid business will be in the interests of the Company and the Shareholders as a whole.