Ban Loong Holdings Limited entered into a strategic cooperation framework agreement with Alpex Pharma SA to cooperate in the development and commercialization of nutraceutical products ("Healthcare Products") for a term of three years. Details of the Framework Agreement are as follow: Alpex shall contribute its network and global market experience in product development and its proprietary delivery and formulation technology to the Group in relation to the development of the Healthcare Products; the Group shall contribute its sales network in Asia and knowledge in the essence of functional herbal ingredients and traditional Chinese medicine in order to assess market potential of the Healthcare Products; (iii) the parties shall bring in their respective technologies, expertise and experiences in developing and promoting the Healthcare Products; the parties shall jointly evaluate the commercial viability of the Healthcare Products; and the parties shall work closely together to monitor the global registration of the Healthcare Products.