FUTURE BRIGHT (00703) plans to establish a joint venture with its partners.

FUTURE BRIGHT (00703) issued an announcement that on August 25, 2026 (after the trading session), Jiajing Catering (the Companys direct wholly-owned subsidiary) and its joint venture partner (an independent third party) agreed to establish a joint venture within the joint venture company, where Jiajing Catering will hold two-thirds of the interests, while the joint venture partner will hold one-third of the interests. The main business of the joint venture company is to develop, operate, and manage the catering business in the region (namely Hong Kong, Macau, and Guangdong Province). As part of the establishment of the joint venture company, Jiajing Catering, the joint venture partner, Mr. Liuze, BreakBeats, and the joint venture company entered into a shareholders agreement on August 25, 2026 (after the trading session). Both the joint venture partner and BreakBeats are wholly owned by Mr. Liuze. Mr. Liuze and BreakBeats each signed the shareholders agreement in their capacities as guarantors of the joint venture partner, providing certain commitments and guarantees regarding the joint venture partners performance under the shareholders agreement. According to the shareholders agreement, (among other provisions) Jiajing Catering will grant to the joint venture partner a default call option and a deadlock call option; and the joint venture partner will grant Jiajing Catering the rights relating to Jiajings default and Jiajings deadlock. Mr. Liuze is an experienced entrepreneur in the catering industry with rich experience. He is the founder of four ramen restaurants in Tokyo, Japan, one of which, RamenBreakBeats, has received the Bib Gourmand recommendation for 2024, 2025, and 2026 from the Tokyo Michelin Guide, which is a testament to its recognized excellence in food quality, restaurant operations, and customer experience. Mr. Liuze will contribute his culinary and industry expertise, strategic insights, and business networks, which are crucial to the Groups growth and development. This transaction represents a strategic collaboration that brings together the unique strengths, expertise, resources, and networks of both parties to create new business opportunities and expand market potential. It is anticipated that this collaboration will foster innovation, enhance operational capabilities, and provide a more robust platform for sustainable growth, while utilizing shared resources and expertise to achieve long-term success.