The Board announced that on 25 March 2024, Regina Miracle International (Holdings) Limited and Le Ying agreed to enter into a new sales agreement (the " 2024 Le Ying Sales Agreement") in view of the 2021 Le Ying Sales Agreement shall expire on 31 March 2024. The 2024 Le Ying Sales Agreement shall be effective on 1 April 2024, pursuant to which the Company agreed to supply and procure its subsidiaries to supply to Le Ying Group intimate wear products and sport wear products for a term of three years expiring on 31 March 2027. The Company and Le Ying agreed that the 2024 Le Ying Sales Agreement may be extended for another three years upon negotiation within two months prior to its expiry, unless the agreement is terminated due to the trademark license term expires or due to Le Ying ceases to be a connected person of the Company.

The Company supplies and procures its subsidiaries to supply to LeY Ying Group intimate wear products and Sport wear products. Pricing policy. All orders placed by Le Ying Group under the 2024 Le Ying Sales Agreement are effected by purchase orders which set out the detailed details of products to be ordered, including the model, style and design of products, the quantity, the unit price, payment terms and delivery terms which shall be negotiated and concluded on normal commercial terms and on arm's length basis between the Company and Le Ying Group.

The price of the sales of intimate wear products and sport wear product and sport wear products supplied by the Company to Le Ying Group shall be determined on an arm's length basis with reference to (1) the cost of production and the expected gross profit margin, taking into account factors like complication of work involved, order volume and production period, (2) the average selling price of the products of comparable nature and scale and accepted by an independent third party in the twelve months period prior to the relevant transaction, (3) where there is no such average selling price available, any most recent available sale price of products of comparable nature and scale offered by the Group and accepted by an independent third party, the latest available market data, and (4) the prevailing market price for the sale of products of comparable nature and scale, which should be in any event no less favorable to the Group than is available to independent third parties. The key terms of the pricing policy are the same as those disclosed in prospectus and last announcement.