The board of directors of Wan Leader International Limited announced that it has recently entered into a strategic cooperation agreement with Youxuan (Shenzhen) Business Technology Limited (You Xuan (Shen Zhen)Shang Wu Ke Ji You Xian Gong Si) ("Youxuan") under which both parties will cooperate in integrated digital marketing services and cross-border marketing services in the PRC, with the Company providing the relevant logistic service support in order to drive the development of the business thereof. Youxuan, formerly known as Youxuan E-commerce Studio (You Xuan Dian Shang Gong Zuo Shi), focuses on promotional marketing, influencer incubation, image-building for live streamers, and supplier integration, as one of the comprehensive digital marketing service providers, and a core e-commerce service provider (base) authorized by one of the leading content community and social platform provider in China. With the vision of "simplifying processes with technology and improving lives with products", Youxuan provides high-quality digital content services for individual and corporate users through the construction of its self-developed digital marketing service platform and product system, and the in-depth integration of media and content resources on the Internet and the mobile Internet.

Youxuan expects to launch its global shopping business in 2024. The Board of the Company is of the view that the strategic cooperation between the Company and Youxuan is in line with the Group's long-term development objectives and business development strategies. The strategic cooperation with Youxuan could bring potential profit growth thereto and is in the interests of the Company and its shareholders as a whole.