NetDragon Websoft Holdings Limited announced a series of strategic partnerships aimed at transforming the educational technology landscape in Saudi Arabia. These initiatives were unveiled at the Saudi Arabia Human Capability Initiative event held in Riyadh last week, marking a significant step forward in the Kingdom's educational development under the visionary leadership of His Royal Highness Crown PrinceMohammed bin Salman Al Saud. This landmark conference, attracting registrants from upwards of 100 nations, has established a benchmark for global initiatives aimed at unlocking human potential.

A delegation of senior executives led by Dr. Simon Leung, Vice Chairman of NetDragon, engaged in a series of signs and discussions during the event, including a pivotal conversation with His Excellency, the Minister of Education, Dr. Yousef Al-Benyan to explore avenues for integrating advanced educational technologies and methodologies into Saudi Arabia's education system. The discussion resulted in the reaching of common ground and is expected to provide a foundation for NetDragon and the Ministry of Education to work closely together to identify and evaluate innovative education technology solutions to be offered by NetDragon that will elevate the quality and accessibility of education across the country. NetDragon is also pleased to announce the signing of two agreements during the event, including: Executive Programme Agreement with the Technical and Vocational Training Corporation, the governmental agency responsible for vocational education and training in the Kingdom of Saudi Arabia - This signed agreement covers collaboration areas including virtual training hubs, digital vocational content, learning management system and e-sports.

The signing of this agreement also took place on the back of the recently signed MOU between the Ministry of Commerce in the People's Republic of China and TVTC to strengthen collaboration between the two countries to enhance the quality of technical and vocational training. MOU with The Royal Commission for Jubail and Yanbu - The MOU signing with the Royal Commission is expected to serve as the first K-12 market entry point in the country, putting NetDragon in a strong position to scale its edtech solutions. The scope of this MOU spans across cooperation opportunities across joint research in educational technology, as well as partnership in designing and implementing comprehensive educational technology projects.

The MOU was signed in the presence of H.E Eng. Khalid bin Mohammed Al Salem, The President of the Royal Commission for Jubail andYanbu, highlighting the high level commitment and support for this initiative.