As the Board of Paradise Entertainment Limited expects that the Revised Annual Cap of HKD 24 million under the Renewed Supply Framework Agreement (as amended by the First Supplemental Agreement) is not sufficient to meet the existing business needs of the Group, on 2 June 2022 (after trading hours), the Company (for itself and on behalf of its subsidiaries) entered into the Second Supplemental Agreement with Mr. Feng (for himself and on behalf of companies controlled by him), pursuant to which the parties agree to amend the terms of the Renewed Supply Framework Agreement (as amended by the First Supplemental Agreement) to further increase the Revised Annual Cap of HKD 24 million to the Further Revised Annual Cap of HKD 58 million for the year ending 31 December 2022.