The board of directors of MTT Group Holdings Limited announced that on, 31 May 2024 (after trading hours), the Company entered into a non-legally binding strategic cooperation memorandum of understanding (the MOU) with Zhejiang Qingguo Catering Management Co. Ltd., Wuxi Bran Bear Catering Management Group Co. Ltd. and Jinggu Yipin Brand Operation Management (Suzhou) Co.

Ltd. (Collectively the Parties). Under the MOUs, the Company and each of the Parties aim: to provide the Parties with the highest quality digital transformation support to help them better address market challenges and seize opportunities; to form joint ventures, leveraging expertise in digital transformation and technological innovation to achieve more efficient operations and innovative products and services; and to provide comprehensive support to the Parties to help them better understand consumer needs and market trends, thereby enhancing their competitiveness.