The board of directors of On Real International Holdings Limited announced that the company has entered into negotiations with Zhao Xian Business Ecology Platform (the Cooperator) in relation to the proposed cooperation to develop 5.0G sales network for Internet systems and value-added services in China. The cooperator is principally engaged in internet design and research and development, domestic and cross-border e-commerce platform, operation and sales in China. To the best of the Directors' information and belief having made all reasonable enquiries, the cooperator is a third party independent of the Company and its connected persons.