According to the announcement, Lapco Holdings (08472) announced on August 20, 2024 (after the trading session) that the licensor (indirect wholly-owned subsidiary of each company) and the licensor entered into license agreements 2, 3, 4 and 5. Therefore, the licensor grants the licensee exclusive, transferable and sub-licensable rights to promote, operate, publish, reproduce and distribute licensed games and related products and services within the authorized region, for a period of five years.

The announcement stated that entering into license agreements provides the company with opportunities to develop the growing online gaming market and diversified business, thereby maximizing shareholder returns.