On 10 July 2024, Vision International Holdings Limited has entered into a strategic cooperation framework agreement with Camping Club Network Technology Company Limited, with the aim of increasing the brand awareness of the service platform of the Camping Club in China. Pursuant to the Framework Agreement, both parties agreed that the Group shall provide its innovative supply chain management solutions and comprehensive digital marketing solutions to Camping Club Technology for their activities in relation to (i) promotion and registration of a variety of sports events in connection with the Camping Club; and (ii) marketing of the related products and services for a period of three years. The Camping Club is a pioneer organization that was established in 2013 under the operating guidance of the General Administration of Sport of China to promote outdoor camping sport activities.

With the support of the General Administration of Sport of China and other regional governments, the principal activities of the Camping Club are to organize large-scale outdoor sports events such as camping events and marathon in China. At present, it has nearly 300 cooperation partners. Through the cooperation with Camping Club Technology and leveraging the sports-related events organized by the Camping Club, the Group would be able to introduce its Innovative SCM Solutions and other products to a diverse range of participants and cooperation partners of the Camping Club, thereby expanding the customers base of the Group and creating business growth.

As such, the Directors considered that the Framework Agreement was entered into on normal commercial terms and in the ordinary and usual course of business of the Company and in the interests of the Company and the shareholders of the Company as a whole.