Camsing International Holding Limited announced that in December 2017, the company entered into a cooperation agreement (the Cooperation Agreement) with Mastercard Asia/Pacific Pte. Ltd. (Mastercard), pursuant to which the company was being engaged as an independent contractor of Mastercard in Mainland China. According to the Cooperation Agreement, the company will provide various services specified by Mastercard in Mainland China, including brand licensing, credit card products planning, supply of goods, art design and marketing planning. The Board believes that the Cooperation Agreement will be conducive to the development of the group's pan-entertainment business and is in the interests of the company and of its shareholders as a whole.