FEIYANG GROUP (01901) subsidiary signed a "Strategic Cooperation Framework Agreement" with the Qingdao Cultural Property Rights Trading Center on potential cooperation in the digitalization of cultural and tourism assets.

FEIYANG GROUP (01901) announced that on September 10, 2025, its wholly-owned subsidiary Zhejiang Feiyang International Tourism Group Co., Ltd. signed a "Strategic Cooperation Framework Agreement" with Qingdao Cultural Property Rights Exchange Center on potential cooperation in the field of digitalization of cultural and tourism assets. Qingdao Cultural Property Rights Exchange Center is a professional institution with qualifications for cultural property rights trading, and has rich experience and resources in cultural property rights trading and digital operation. The Group, as a Hong Kong listed company focused on cultural and tourism business, has significant advantages in integrating tourism resources and applying digital scenarios. Based on the principle of "equality, mutual benefit, and win-win cooperation", both parties aim to jointly promote the construction of digital standards for cultural and tourism assets and the development of trading ecosystem. The key areas of cooperation include: 1. Building a digital trading platform for tourism assets to explore a compliant and efficient circulation mechanism for cultural and tourism digital assets; 2. Jointly developing digitalization of cultural and tourism resources and IP incubation to cultivate new consumption scenarios for cultural and tourism; 3. Researching the application of digital technologies such as blockchain in the certification and trading of cultural and tourism assets; and 4. Exploring innovative business models for digital asset trading in Hong Kong and overseas. The specific implementation details of the cooperation projects will be further clarified by the signing of separate agreements by both parties. The framework agreement does not constitute a legally binding agreement. The potential cooperation will help the Group integrate cultural and tourism industry resources with digital trading capabilities, further enhance business innovation, and market competitive advantages, in line with the company's long-term development strategy. It is expected that the cooperation will bring positive impact for the Group in expanding digital business scenarios and improving asset operational efficiency. The board of directors believes that the potential cooperation will enable the Group to seize the opportunities for digitalization in cultural and tourism development, creating continuous value for the company's shareholders.