STARLITE HOLD (00403) intends to establish a joint venture with the Guangdong-Hong Kong-Macao Education and Technology Innovation Center to research and produce digital content.

STARLITE HOLD (00403) announced that, on March 13, 2026 (after trading hours), it has entered into a joint venture agreement with Hong Kong Qizhi Technology (an indirect wholly-owned subsidiary of the company), the Guangdong-Hong Kong-Macao Education Technology Innovation Center, and the joint venture company. Pursuant to the agreement, the contracting parties agree to: (a) subscribe for shares of the joint venture company by Hong Kong Qizhi Technology and the Guangdong-Hong Kong-Macao Education Technology Innovation Center; (b) establish a joint venture company with a total share capital of HK$50 million through the joint venture company; and (c) stipulate the rights and obligations of the parties in the joint venture company. After the subscription is completed, the joint venture company will be owned 70% by the Guangdong-Hong Kong-Macao Education Technology Innovation Center and 30% by Hong Kong Qizhi Technology. The main business of the joint venture company (including) research and production of digital content, including providing digital production solutions, artificial intelligence digital culture and creative design, metaverse-related products, artificial intelligence dialogue robots, and platforms. The announcement stated that the establishment of the joint venture company through the joint venture company is expected to create significant synergies with the company's existing business and will be a strategic move for the company to explore opportunities in the artificial intelligence and digital culture and creative content industry. This move is in line with the company's previous development strategies and is beneficial for the company's long-term business development. The establishment of the joint venture company will integrate the resources and experience of the Guangdong-Hong Kong-Macao Education Technology Innovation Center with Professor Wang (the chief scientific advisor of the joint venture company) (including important intellectual property rights obtained or to be obtained by the joint venture company), playing a constructive role in expanding technological innovation and enhancing the competitiveness of the company.