ANNOUNCEMENT ENTERING INTO OF PUBLIC RELATIONS WORK CONTRACT WITH GLOBAL IBO GROUP LIMITED
The board (the “Board”) of directors (the “Director(s)”) of Company is pleased to announce that the Company, entered into the public relations work contract (the “Contract”) dated 14 March 2025 with Global IBO Group Limited (“GIBO”), pursuant to which GIBO agrees to hire the Company to provide public relations services, which may include media relations, content creation, strategic communications planning and other related services.
INFORMATION OF GIBO
GIBO is an exempted company incorporated in the Cayman Islands with limited liability. Founded with an aim to revolutionize content creation and consumption through AI, GIBO has become a unique and integrated AIGC (Artificial Intelligence Generated Contents) animation streaming platform that serves a broad community of young people across Asia to create, publish, share and enjoy. As of 30 June 2024, GIBO had approximately 72 million registered users from 15 countries or regions in Asia.
To the best of the Directors’ knowledge, information and belief, save for its holding less than 5% shareholding interests in GIBO by the Group, GIBO and its ultimate beneficial owner(s) are independent third parties and not connected with the connected persons of the Company.
REASONS AND BENEFITS FOR ENTERING INTO OF THE CONTRACT
The Company is a company incorporated in Bermuda with limited liability and the Group is principally engaged in, among others, securities brokerage and margin financing, debt capital market business and asset management.
With the entering into of the Contract with GIBO, it is contemplated that the Company can utilizes its experience and edge as a listed company in Hong Kong to assist GIBO in conducting its public relations work. Moreover, entering into of the Contract will create new business opportunities for the Group for its further development and increase its global competitiveness, systemic importance and brand influence.
As such, the Board believes that the entering into of the Contract will facilitate the business development of the Group with expansion of business opportunities and is in line with the future development direction of the Group.