According to the announcement from Hatcher Group (08365) on Zhitong Finance APP, after the trading session on September 26, 2024, the company signed a non-binding letter of intent with Chromatic Media (target company), under which the company intends to pursue a potential trade, investing around $5 million to establish a wholly-owned subsidiary in a gambling-friendly jurisdiction and to strategically collaborate with the target company in the gaming industry.

According to the management situation of the target company, the company understands that the target company is mainly an investment holding company engaged in the development and operation of its social game platform.