Crosstec (03893) has announced that on June 19, 2024, its indirectly wholly-owned subsidiary, Crosstec Network Technology Co., Ltd., entered into a distribution agreement with Super Planet Corp, the licensor. The licensor grants the distributor the exclusive authorization to replicate, distribute, and publish the licensed games in the region for a period of five years. The subject matter is the exclusive authorization for the distributor to replicate, distribute and publish the authorized games in the region and take other related actions, including promoting and marketing authorized games in the region. The authorized game "Airship Heroes" is a pixelated idle RPG developed by the licensor. The authorized game has been released online in several countries excluding the region.
The subject matter is the exclusive authorization for the distributor to replicate, distribute and publish the authorized games in the region and take other related actions, including promoting and marketing authorized games in the region. The authorized game "Airship Heroes" is a pixelated idle RPG developed by the licensor. The authorized game has been released online in several countries excluding the region.
The announcement stated that the group intends to continue operating its existing main business, but has recently been exploring and seeking other potential businesses and investment opportunities to expand its revenue sources and enrich the existing business portfolio of the group, in order to achieve sustainable long-term growth and maximize shareholder returns. The group has identified suitable investment opportunities and intends to engage in online game distribution business in the region and overseas markets through distribution and licensing cooperation with game publishers, in order to expand its main business.