HOPE LIFE INT will jointly develop and expand the comprehensive layout of the online banquet-related industry in mainland China with Zhongchuang Network
HOPE LIFE INT signed a cooperation framework agreement with Zhongchuang Online Banquet, and both parties will jointly develop the online banquet industry in mainland China. The cooperation between Shenzhen Zhongsa and Zhongchuang Online Banquet aims to achieve strategic resource complementarity and deeply coordinate market objectives. With the economic growth in mainland China, the online banquet industry shows tremendous market potential, and both parties will leverage their respective advantages to explore new opportunities. The board believes that the agreement is in the group's interest, and the terms are fair and reasonable
According to the announcement from HOPE LIFE INT (01683), on September 26, 2025, the company's wholly-owned subsidiary Shenzhen Zhongsa Digital Technology Co., Ltd. (Shenzhen Zhongsa) entered into a cooperation framework agreement with Zhongchuang Wanyan (Shenzhen) Technology Co., Ltd. (Zhongchuang Wanyan) regarding the joint cooperation in the online banquet industry (cooperation matters).
According to the cooperation framework agreement, Shenzhen Zhongsa and Zhongchuang Wanyan will jointly develop and expand the comprehensive layout of the online banquet-related industry in mainland China.
The cooperation between Shenzhen Zhongsa and Zhongchuang Wanyan focuses on strategic resource complementarity and deep synergy of common market goals. The group, as a Hong Kong stock platform deeply engaged in financial and cross-border capital services, possesses mature international investment and financing capabilities as well as a network of political and business resources in the Greater Bay Area; while Zhongchuang Wanyan, as an innovative enterprise in digital banquet services, is at a critical stage of business expansion.
With the continuous growth of the mainland Chinese economy and the ongoing upgrade of consumption, the online banquet industry, as an important component of the large consumption sector, shows tremendous market potential and opportunities. All parties will fully leverage their respective advantages to jointly explore and develop new opportunities in the domestic online banquet market. After considering the above, the board believes that the cooperation framework agreement is in the interest of the group, and the terms and conditions of the cooperation framework agreement are established on normal commercial terms, being fair and reasonable, and in line with the overall interests of the company and its shareholders
