Strengthening the synergy between IP and landmarks, STARPLUS LEGEND (06683) strategically invested in the Bird's Nest operating company.

STARPLUS LEGEND (06683) announces that Star Creation (Kunshan) Entertainment Limited (a wholly-owned subsidiary of the Company) has recently entered into a stock acquisition agreement with Beijing Jinzhou Sunshine Consulting Co., Ltd. (the transferor) and Deloitte Touche Tohmatsu Certified Public Accountants LLP, Beijing Branch (the transferor's administrator). Star Creation has agreed, subject to certain conditions, to acquire approximately 1.17% equity interest in National Stadium Co., Ltd. (the target company) from the transferor, corresponding to approximately RMB 24.30 million of the registered capital already paid by the target company. Deloitte was appointed by the court as the transferor's administrator after the transferor entered into bankruptcy liquidation proceedings. As of the date of this announcement, the transferor's creditors have approved the acquisition. The target company is a limited company established on December 17, 2003, under Chinese law, mainly engaged in the investment, financing, construction, and operation management of the National Stadium project (including hosting various cultural, sports, and entertainment events). As of the date of this announcement, the target company is owned by Beijing State-owned Assets Management Co., Ltd. holding approximately 53.23% of the equity. The target company is the main body responsible for the construction and operation of the "National Stadium (Bird's Nest)", a landmark project of national importance and an internationally renowned sports and cultural landmark. It plays an important role and has a profound impact on large-scale sports events, cultural and entertainment activities, and the tourism economy. The Group has industry-leading advantages in creating, operating, and commercializing celebrity IP, with a relatively complete IP matrix and content incubation capabilities. The Board believes that the acquisition is in line with the company's strategic development direction. The Bird's Nest owned by the target company is a scarce landmark asset. Through the acquisition, the company will be able to collaborate more with the target company in combining large-scale cultural and entertainment events and IP resources, fully leveraging the strengths of both parties to further enhance the Group's capabilities in IP value transformation and industrial synergy, creating positive benefits for the Group's long-term development.