Summary by Moomoo AI
Zhonghandyu Technology Group Co., Ltd. (“Zhonghandyu”) announced on April 26, 2024 that its subsidiary Shenzhen Zhonghandyu has signed a strategic cooperation framework agreement with Guangzhou Super Bidding Investment Co., Ltd. (“Supermarket Group”). The partnership aims to consolidate the market and resource advantages of both parties to advance multi-level cooperation in game product R&D, operational promotion, esports, IP commercialization, and more. The Supermarket Group owns resources such as EDG eSports Club, while Chinese players are powered by IP gaming. The two sides will jointly develop new esports products and explore IP derivatives and offline business cooperation. In addition, the Supermarket Group has expressed interest in the subscription of its shares in China and the two parties are also considering cooperation on the equity level. The Board of Directors noted that the concrete implementation of strategic cooperation is still subject to formal agreement and urged shareholders and investors to exercise caution when trading shares.