Bit OneGroup Co., Ltd. (‘the Company’) has a business alliance with Viettel Business Solutions Corporation (‘Viettel BS’) for businesses related to the integration of 5G and AI technology (hereinafter referred to as "5G/AI-related businesses"). Bit One Group announced that the Company has signed a memorandum of understanding for starting negotiations and discussions to conclude the agreement. Under such circumstances, the Company has signed this memorandum of understanding with Viettel BS, a branch of Viettel Telecom Group (Vietnam Communication), in order to enter into negotiations and discussions regarding this business alliance. Viettel BS and Bit One Group will be involved in (i) sales of communication equipment, design and implementation of applying AI to telecommunications networks; (ii) smart city construction – 5G and AI-based online (IoT) services; (iii) distribution of IoT equipment; (iv) trading of data and voice business; (v) the Company plans to form a business alliance for various 5G/AI-related businesses that the Company aims to lunch, such as construction and operation of Internet data centers, etc. The details of this business alliance will be negotiated between the parties and a legally binding business alliance agreement will be concluded.