Huarchi Global Group Holdings Limited announced that (AD&C (Zhuhai Hengqin) Engineering & Construction Company Limited), an indirect wholly- owned subsidiary of the Group, has recently entered into a letter of intent with a leading off-campus youth training and education institution in Zhuhai, Guangdong Province, the PRC. Pursuant to the Letter of Intent, the Group will provide interior design and fitting-out construction services for Youth Education Institution's nationwide expansion plan of opening approximately 200 new training and education centers in the PRC. The Expansion Plan is expected to span over five years and the total contract sum is estimated to be approximately RMB 400 million. As at the date of this announcement, the Group has officially entered into service contracts with five of the training and education centers under the Expansion Plan. The Group is actively capturing the business opportunities from and looking to expand into the Guangdong-Hong Kong-Macao Greater Bay Area while expediating the Group's diversified business development. The execution of the Letter of Intent between the Group and the Youth Education Institution will lead a pathway for the Group to enter the fast-growing youth education industry in the PRC providing more business opportunities to the Group. The Directors are of the view that the Guangdong-Hong Kong-Macao Greater Bay Area will become another strong growth engine for the Group's business development providing unlimited business opportunities.