The board (the "Board") of directors (the "Directors") of Top Standard Corporation announced that on 9 March 2021 and 12 March 2021, the Company has entered into a distributor agreement and a supplementary agreement to the distributor agreement ("Agreements") respectively, with PERUSAHAAN SAUDEE SDN BHD ("PSSB"). In accordance to the Agreements, it is to establish a distributorship relationship for PSSB as the supplier and the Group as the distributor to purchase food products from PPSB and resell in Hong Kong, the PRC and Macau. In view of the recent increase in popularity in online sales, the Group has been conducting researches on the online system to launch a platform for the sales of food products and assessing the feasibility and use of this technology in the future business development of the Group. The Group will continuously explore other new business possibilities. The Board considers that contributing to its efforts, the Group could maintain its market position and diversify and stabilize its source of income, which the Board believes to be beneficial to the Group's long-term development and its shareholders as a whole.