FEIYANG GROUP (01901) announced that on September 10, 2025, its wholly-owned subsidiary Zhejiang Feiyang International Tourism Group Co., Ltd. signed a "Strategic Cooperation Framework Agreement" (Framework Agreement) with Qingdao Cultural Property Exchange Center regarding potential collaboration in the field of cultural tourism asset digitalization.

Qingdao Cultural Property Exchange Center is a professional institution with cultural property trading qualifications, possessing extensive experience and resources in cultural property trading and digital operations. The Group, as a Main Board-listed company on The Stock Exchange of Hong Kong Limited focusing on cultural tourism business, has significant advantages in tourism resource integration and digital scenario applications.

Based on the principle of "equality, mutual benefit, cooperation and win-win," both parties aim to jointly promote the construction of cultural tourism asset digitalization standards and the development of trading ecosystems. Key cooperation areas include:

1. Co-building a tourism asset digitalization trading platform to explore compliant and efficient circulation mechanisms for cultural tourism digital assets; 2. Jointly conducting digitalization development of cultural tourism resources and IP incubation to cultivate new cultural tourism consumption scenarios; 3. Jointly researching the application of blockchain and other digital technologies in cultural tourism asset certification and trading; and 4. Exploring innovative business models such as expanding digital asset trading in Hong Kong and overseas markets.

Specific implementation details of cooperation projects will be clarified through separate specialized agreements to be signed by both parties. The Framework Agreement does not constitute a legally binding agreement.

The potential cooperation will help the Group integrate cultural tourism industry resources with digital trading capabilities, further enhancing business innovation and market competitive advantages, aligning with the company's long-term development strategy. The cooperation is expected to bring positive impact to the Group's expansion of digital business scenarios and improvement of asset operation efficiency.

The Board believes that the potential cooperation will benefit the Group in seizing cultural tourism digitalization development opportunities and creating sustainable value for company shareholders.