National United Resources Holdings Limited announced that on 30 June 2023, the Company entered into a strategic cooperation agreement with PROBE Group PTE. LTD. Pursuant to the Strategic Cooperation Agreement, the Company will establish a comprehensive strategic partnership with PROBE. The principal terms of the Strategic Cooperation Agreement are set out below: Both parties aim to have in-depth business cooperation in the future and to establish a comprehensive strategic partnership.

Both parties intend to invest in a licensed international commercial bank so as to build an offshore bank with international competitiveness to provide one-stop services to commodity traders in the Asia Pacific region and various market entities in the field of Web 3.0 digital economy. The parties also plan to establish branches or representative offices in 100 free trade ports and free economic zones around the world. Details of subsequent cooperations shall be subject to the relevant specific cooperation agreements to be entered into by the parties separately.

The Board considers that the Strategic Cooperation Agreement has been entered into on normal commercial terms after arm's length negotiation between the Company and PROBE, and such cooperation is in the interests of the Company and its Shareholders as a whole.