PHOENITRON HOLD (08066) announced that the Group has recently upgraded "动创数娱"—a membership-based e-commerce platform for a pan-entertainment digital ecosystem operated by its wholly-owned subsidiary, Shanxi 动创数娱 Technology Group Co., Ltd.—to a 2.0 digital entertainment version. This upgrade is aimed at building a global digital gaming platform. This global digital gaming platform will be operated by the Group's wholly-owned subsidiary, Nova Digital Labs Limited (formerly known as Hong Kong 动创数娱 Technology Co., Ltd.), which will focus on the promotion and operation of global internet digital gaming platforms. The Board believes that this development will enhance the operational efficiency and growth potential of the Group's digital entertainment business in the global market.