INTEGRATED MEDIA TECHNOLOGY LIMITED ANNOUNCES COOPERATION AGREEMENT TO CREATE DIGITAL ASSETS FOR ART COLLECTIONS

Mabel R. Acton

SYDNEY and NEW YORK, June 6, 2022 /PRNewswire/ — Built-in Media Technological innovation Constrained (NASDAQ: IMTE) (“IMTE” or the “Firm”), announces now that the Firm’s subsidiary Ace Corporation Restricted (“Ace”) has entered into a cooperation agreement with Hainan Pansuo Art and Lifestyle Improvement Co., Ltd. (“Pansuo”), to establish a strategic partnership to provide one particular-prevent blockchain traceability, automatic NFT creation, electronic settlement and connected progress and complex aid.

(PRNewsfoto/Integrated Media Technology Limited)

(PRNewsfoto/Built-in Media Technologies Restricted)

IMTE’s online trading platform named Ouction and its advancement team will operate with Pansuo to build electronic assets for the art collections affiliated with the Chinese civilization, like some Non-Fungible Tokens (“NFT”) to be offered on the Ouction on line trading system or on line auction platform. Mr. Xiaodong Zhang, IMTE’s CEO said, “this cooperation with Pansuo will permit Ouction to produce digital assets for various artwork collections to even further grow the Ouction platform to artwork collectors all over the world.”

About Integrated Media Technological know-how Minimal (“IMTE”)

IMTE is an Australian corporation engaged in the business of manufacture and sale of nano coated plates for filters, the manufacture and sale of electronic glass, Halal certification and distribution of Halal items, the running of an on the internet trade platform for trading in digital belongings and the provision of economical investigate. For additional information and facts, make sure you check out www.imtechltd.com.

About Ouction Trading Platform

Ouction is an on the net trading platform in digital property. The Ouction system is an interactive going through alternative developed with dynamic image cryptographic verification technological know-how which will provide as a bridge for O2O (On the net to Offline) transaction. This will enable the “Ouction” platform to not only validate virtual (electronic) asset transactions, but also give encryption and Blockchain notarized electronic certificates of actual physical belongings for a fairer and much more credible system buying and selling encounter to e-commerce businesses and their consumers. Please check out the Ouction web page at www.ouction.io.

Safe and sound Harbor About Ahead-Looking Statements

This press release consists of forward-searching statements inside the this means of Section 27A of the Securities Act of 1933 and Part 21E of the Securities Exchange Act of 1934, like people relating to IMTE’s anticipations, intentions, techniques, and beliefs pertaining to long term activities or long term money performance. Precise functions or outcomes may perhaps vary materially from people in the forward-seeking statements mainly because of a variety of critical elements, including individuals described in the Firm’s most recent filings with the SEC. IMTE assumes no obligation to update publicly any these kinds of ahead-on the lookout statements, no matter whether since of new info, long run situations or if not. For a extra comprehensive description of the dangers that could cause our actual results to differ from our current anticipations, please see the section entitled “Risk Factors” in IMTE’s annual reports on Form 20-F and interim reports on Form 6-K filed with the SEC, as such factors may be updated from time to time in IMTE’s periodic filings with the SEC, which are available on the SEC’s website and at http://www.imtechltd.com.

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Source Built-in Media Technological innovation Restricted

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