GALA TECH HOLD (02458) signs a collective authorization and licensing agreement with FIFPro-CE.

GALA TECH HOLD (02458) announced that on March 6, 2025, the company's indirect wholly-owned subsidiary, Wangchen Hong Kong, entered into a collective licensing and licensing agreement with FIFPro-CE. Under this agreement, Wangchen Hong Kong agreed to pay FIFPro-CE (including) (i) prepayments of 4.5 million euros and 3 million euros during the initial period and/or extension period (as appropriate), or (ii) 10% of the total product revenue as licensing fees (if applicable) to utilize the commercial rights of products and optional new products held by FIFPro-CE for development, distribution, and/or sale of various products within the authorized territory. In return, FIFPro-CE granted Wangchen Hong Kong non-exclusive and sublicensable rights on a global scale, including the use of player names and images in products, development and distribution of related products, as well as marketing and promotion. The license period covers an initial three years and a possible two-year extension period, involving digital games such as "Football Master," "Best 11 - Champions Club," "Best Club," and potential upcoming games. Given the widespread popularity and fan base of the FIFPro-CE brand globally, the board believes that with the mass appeal of the license, digital games have the potential to gain more recognition and popularity in the competitive Chinese digital game market, obtaining a competitive advantage. The board also considers the terms of the agreement to be reasonable, and entering into the agreement is an effective way to maintain a long-term cooperation relationship with FIFPro-CE to obtain licenses, ensuring the sustainability and development of the group's business.