Zhongtong Financial News App, Plus GP Holding (02486) announced that on October 30, 2024, the company entered into a potential cooperation (business cooperation) with its strategic business partners to establish a business cooperation agreement (the Agreement) to list a joint venture company, namely Prolot (Shanghai) Digital Technology Co., Ltd. (Joint Venture Company). The platform to be developed will be integrated into the company's current Field Marketing Ecosystem (FMES platform). Potential new customers from the new retail industry and instant service industry can use the digital tools on the FMES platform to (i) publish and manage tasks; and (ii) timely manage and supervise individuals applying for tasks.

The board of directors believes that the business cooperation and the Agreement will enhance the company's task and salesperson matching services, and by connecting with potential new customers and touchpoints from various industries such as the new retail industry and instant service industry, it will make the existing customer base and touchpoints of FMCG (Fast-Moving Consumer Goods) brand manufacturers and dealers more diverse. In addition, the board of directors also believes that the business cooperation will enhance the company's overall competitive advantage. Directors (including independent non-executive directors) believe that the terms of the Agreement are normal commercial terms, fair and reasonable, and are in the overall best interests of the company and shareholders.