MINIMAX-W(00100) Resolution Exploring Issuance of RMB Shares

MINIMAX-W (00100) announced that it has resolved to explore a preliminary proposal to issue Renminbi shares, which may involve (including) (i) entering into agreements with professional advisors, and (ii) consulting and negotiating with relevant securities or other regulatory authorities. The proposed issuance of Renminbi shares (if pursued) will be subject to and limited by market conditions and necessary regulatory approvals. After the successful listing of the Company on the Hong Kong Stock Exchange, the Company continues to evaluate the capital market, including considering listing on the Science and Technology Innovation Board. As of the date of this announcement, the Company has engaged professional advisors to provide consultation on the Company's eligibility for listing on the Science and Technology Innovation Board, and has signed coaching agreements.