YH ENT (02306) and Youku Information Technology signed a business cooperation framework agreement for 2026.

YH ENT (02306) announces that on December 22, 2025, Yuehua Entertainment Limited (a wholly-owned subsidiary of the Company) and Youku Information Technology (representing itself and its jointly controlled affiliated companies with Youku Information Technology) have entered into a 2026 business cooperation framework agreement with Youku. Yuehua Entertainment Limited (representing itself and its subsidiaries) will facilitate the appropriate signing of artists for Youku-related commissions and purchase ticketing agent services from Youku, including (but not limited to) endorsing and promoting Youku members, appearing in variety shows, movies and series, and other commercial activities, as well as purchasing online and offline ticketing systems and ticketing agent services (2026 business cooperation framework agreement). Youku is one of China's leading internet video platforms and has a strong demand for artists commissioned by us. Our signed artists can benefit from Youku's platform resources and gain wider exposure. In addition, by leveraging Youku's mature ticketing agent system, the Company can efficiently host large-scale events and manage event coordination and execution, including but not limited to concerts of our signed artists, without being hindered by inadequate technology. Through market cooperation with Youku's various business units, we can further enhance the artists' visibility and social influence, thereby creating greater value for the Group and expanding our brand awareness. Furthermore, the terms provided to Youku Information Technology under existing relevant agreements by the Group are no less favorable than those offered to other independent third-party customers. Any fees charged by either party in transactions planned with Youku under the 2026 business cooperation framework agreement will be determined at no less than the prevailing market price offered to other independent customers/suppliers. Therefore, the anticipated business cooperation with Youku is expected to be profitable and in the overall interests of the Group and shareholders. The transactions planned under the 2026 business cooperation framework agreement with Youku are conducted in the normal course of business and in accordance with standard commercial terms.