Zhongtong Finance APP News, ISP GLOBAL (08487) announced that the company has entered into a strategic cooperation framework agreement with Youzan Technology Co., Ltd. ('Youzan') on October 30, 2024, for a duration of three years. The agreement establishes the cooperation framework between the two parties, including:

1. Youzan authorizes the company (including its affiliates and subsidiaries) to act as a sales agent for Youzan's online and offline e-commerce solutions (also known as SaaS (Software as a Service)) and various payment services ('SaaS Products') within the agreed scope and/or region, to sell SaaS Products to different types of customers;

2. This agreement signifies the strategic intention for cooperation between the two parties, with the specific cooperation details to be agreed upon in subsequent specific business terms;

3. The regions involved in this agreement include the areas agreed by the two parties in the final agreement of specific business cooperation; and

4. Both parties agree to leverage their respective strengths, closely cooperate, and further consolidate and expand their business advantages in the future global expansion, benefiting from each other.

As of the date of this announcement, the Group's main businesses are: (1) selling and providing integrated services for network, audio, and communication systems ('NSC Division'); and (2) providing e-commerce operation services. The Board of Directors believes that the signing of this agreement will help the Group expand the business scope of the NSC Division to include the sales of SaaS products, benefiting the diversified development of the Group's business; and fully leverage the potential of the Group's existing diversified teams in Southeast Asian countries and other regions to explore new SaaS markets. This will benefit the Group in achieving business and revenue diversification, ultimately enhancing the Group's business scale and profitability, aligning with the overall interests of the company and its shareholders.