The Board of Directors of Ni Hsin is pleased to announce that Blackbixon Sdn. Bhd. (“Blackbixon”), a wholly-owned subsidiary of Ni Hsin Food & Beverages Sdn. Bhd., which in turn a wholly-owned subsidiary of Ni Hsin, had on 10 March 2021 entered into a Brand Partnership Agreement (“Agreement”) with Red One Network Sdn. Bhd. (“redONE”) to market products and/or services of Blackbixon to the customers of redONE, subject to and upon the terms and conditions of the Agreement.

Please refer to attachment below for further details of the Agreement.

This announcement is dated 10 March 2021.