Core Viewpoint - The partnership between the company's wholly-owned subsidiary and an entity to produce PSGA brand products in Hong Kong and Macau represents a strategic opportunity for growth and market positioning [1][2]. Group 1: Partnership Details - The subsidiary has entered into a licensing agreement with an entity that holds exclusive rights to operate the Paris Saint-Germain Academy and produce PSGA brand merchandise in Hong Kong and Macau [1]. - PSGA, established by Paris Saint-Germain Football Club in 2005, offers elite football training programs for children aged 3 to 17, with certified coaches and a curriculum designed for top players [1]. Group 2: Strategic Implications - The board believes this collaboration will enhance the company's corporate image and market position, providing opportunities for business expansion [2]. - The partnership is expected to diversify the company's revenue streams, potentially leading to additional returns over time, aligning with the interests of the company and its shareholders [2].