Termination of Memorandum of Understanding dated 17 March 2021 between Prime Media Holdings, Inc. RYM Business Management Corporation and New Era Empire Realty Corp. Due to unfavorable worldwide market conditions which impacted the real estate property business, the Company, together with its parent company, RYM Business Management Corporation, have agreed to mutually terminate the MOU with New Era effective as of 15 August 2022. The details of the Subject MOU have been provided in the previous disclosures to the exchange in C01718-2021 dated 17 March 2021.