Wan Leader International Limited announced that after preliminary research, analysis and other preparatory works, Shenzhen Wan Leader Technology Limited (SWLT) has been duly established in the People's Republic of China (the "PRC") on 16 March 2021. The Group is primarily engaged in (i) the provision of freight forwarding and related logistics services of airlines, shipping liners and other freight forwarders and (ii) provision of entrusted management services for operating an online e-commerce platform. The formation of SWLT is a strategic step for the Group to diversify its sources of income. By leveraging the Group's extensive logistics networks and contacts of various industries, the Group will source readily packed food from reputable respective suppliers and start with stewed bird's nest for distribution through online and offline platforms in the PRC including JD.com, including micro-malls, public accounts, applications, and other approaches.