On December 18, Longhubang announced that IDREAMSKY (01119.HK) has recently reached a cooperation with stc play. The company will serve as the game technology solution provider and the sole content distributor for stc play. Both parties will strive to exchange and share relevant and necessary data and information to evaluate potential projects, execute agreed plans in a way that aligns with their common interests, and make necessary efforts to manage and ensure the successful implementation of relevant projects. The company will leverage its advantages in technology infrastructure and game distribution to enrich and improve the content ecosystem, promote the development of the gaming industry and Community in Saudi Arabia, and further enhance its influence in the Middle East region.

Saudi Telecom Company ("STC") is a digital pioneer and integrated Telecommunication Services provider in the Middle East and North Africa region, with operations in 11 countries globally, serving over 0.17 billion customers. stc play is the Game Platform of STC, providing players with a wealth of content, game items and digital goods purchases, as well as opportunities to create or compete with other players. It also offers chat functions to facilitate interaction among players.

As a leading digital Entertainment platform in China, the group is mainly engaged in the research, development, and operation of high-quality games, as well as the self-developed user Community management platform Fanbook, and has been committed to bringing joy to users through Technology and creativity. The Directors believe that the memorandum of understanding is established in the ordinary course of the group’s Business, its terms are fair and reasonable, represent the general business terms or more favorable terms, and serve the overall interests of the company and its Shareholders.