According to the Asia Vets Financial APP, Phoenitron Hold (08066) announced that the group's main business is the production and sale of smart cards, providing custom smart card application systems, offering financial and management consulting services, selling and trading scrap metal, as well as media and entertainment. The group has actively sought potential commercial opportunities to expand and diversify its sources of income and promote the group's long-term development. At the same time, the directors are optimistic about the prospects and development potential of e-commerce platforms in China offering other high value-added commodities, and the company is also in preliminary discussions regarding the possibility of collaborating with a company mainly engaged in a membership-based social e-commerce platform business. Looking ahead, the group will continue to seek suitable opportunities for the development or investment in live streaming e-commerce, aiming to bring higher returns to the company's shareholders.

As of the date of this announcement, the group has not yet reached any significant terms of the potential cooperation agreement mentioned above, nor has it entered into any memorandum of understanding or final agreement. Although the group intends to explore live streaming e-commerce business/social e-commerce platforms, the group's existing main business will continue to be its core business. The company will issue separate announcements on its business development at the appropriate time.