Integrated Media Technology (IMTE) Enters Cooperation Agreement to Create Digital Assets for Art Collections

Integrated Media Technology Limited (NASDAQ: IMTE), announces today that the Company's subsidiary Ace Corporation Limited ("Ace") has entered into a cooperation agreement with Hainan Pansuo Art and Culture Development Co., Ltd. ("Pansuo"), to establish a strategic partnership to provide one-stop blockchain traceability, automated NFT production, electronic settlement and related development and technical support.

IMTE's online trading platform named Ouction and its development team will work with Pansuo to create digital assets for the art collections associated with the Chinese civilization, including some Non-Fungible Tokens ("NFT") to be sold on the Ouction online trading platform or online auction platform. Mr. Xiaodong Zhang, IMTE's CEO stated, "this cooperation with Pansuo will enable Ouction to create digital assets for various art collections to further expand the Ouction platform to art collectors worldwide."

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