Zhiao Holdings Limited (“Zhiao Holdings” or the “Group”) is a well-known integrated game developer, operator and publisher, focusing on the Hong Kong and Taiwan markets, and has been involved in the Hong Kong game industry for over 10 years since the Group was established in 1999. Our game portfolio includes mobile games, online computer games, and web games, where we strategically focus on mobile games. Since 2013, we have provided over 47 mobile games, 37 online computer games, and 11 web games. The Group has more than 15 years of experience in developing and operating games on multiple platforms, has achieved impressive results, has established good relationships with well-known game developers/operators, has strategically important game development rights, and has solid management experience and expertise in the game industry. The Group's strategic focus is on games based on popular literature, comics, and animation, and has successfully obtained the right to adapt more than 8 popular literature, comics, and animations into games, including Sea Tiger, Phantom City, Fengyun, Huofeng Liaoyuan, Dragon and Humen, Gu Confucius, Fengshen Ji, and I Have a Date with a Zombie. We believe that by strategically focusing on games based on popular literature, comics, and animation, the Group can achieve market acceptance and attract readers of these literary works, comics, or animations to become our gamers at a lower marketing cost.