The board of Ban Loong Holdings Limited announced that on 9 June 2022 (after trading hours), the company entered into a strategic cooperation framework agreement with Alpen Group SA to cooperate in the commercialization of industrial hemp extracted cannabinoids products for a term of three years. Major terms of the Framework Agreement are as follow: The Group shall act as Alpen Group's authorized agent in Asia; Alpen Group shall contribute its resources, technologies and development capabilities in developing the Cannabinoids Products; the Group shall contribute its sales network in Asia in order to assess the market potential of Cannabinoids Products; the parties shall work closely together to register the Cannabinoids Products globally; and for any of the Cannabinoids Products developed under the Framework Agreement, the parties shall cooperate to register such products under the company's or the parties' name.