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

SYDNEY and NEW YORK, June 6, 2022 /PRNewswire/ — Built-in Media Technological innovation Minimal (NASDAQ: IMTE) (“IMTE” or the “Business”), announces nowadays that the Company’s subsidiary Ace Corporation Limited (“Ace”) has entered into a cooperation settlement with Hainan Pansuo Art and Lifestyle Development Co., Ltd. (“Pansuo”), to create a strategic partnership to deliver 1-prevent blockchain traceability, automated NFT production, digital settlement and similar progress and specialized guidance.

(PRNewsfoto/Built-in Media Engineering Minimal)

IMTE’s on the web buying and selling system named Ouction and its development group will function with Pansuo to generate electronic assets for the art collections connected with the Chinese civilization, together with some Non-Fungible Tokens (“NFT”) to be offered on the Ouction on the net trading platform or on the web auction platform. Mr. Xiaodong Zhang, IMTE’s CEO mentioned, “this cooperation with Pansuo will allow Ouction to build digital property for different art collections to even more grow the Ouction system to art collectors around the world.”

About Integrated Media Technology Confined (“IMTE”)

IMTE is an Australian enterprise engaged in the business of manufacture and sale of nano coated plates for filters, the manufacture and sale of digital glass, Halal certification and distribution of Halal goods, the running of an on line exchange system for trading in digital assets and the provision of fiscal study. For a lot more information and facts, be sure to stop by www.imtechltd.com.

About Ouction Buying and selling Platform

Ouction is an online investing system in digital assets. The Ouction platform is an interactive going through alternative intended with dynamic graphic cryptographic verification technology which will serve as a bridge for O2O (On line to Offline) transaction. This will enable the “Ouction” system to not only verify virtual (electronic) asset transactions, but also supply encryption and Blockchain notarized electronic certificates of bodily assets for a fairer and far more credible platform investing practical experience to e-commerce firms and their people. Please visit the Ouction site at www.ouction.io.

Safe Harbor Relating to Forward-Seeking Statements

This press launch is made up of forward-seeking statements within just the meaning of Segment 27A of the Securities Act of 1933 and Part 21E of the Securities Exchange Act of 1934, such as all those regarding IMTE’s expectations, intentions, strategies, and beliefs pertaining to upcoming events or future financial functionality. Real gatherings or results may perhaps differ materially from those people in the forward-wanting statements because of different vital variables, together with people explained in the Company’s most new filings with the SEC. IMTE assumes no obligation to update publicly any this sort of ahead-searching statements, no matter if since of new details, future functions or usually. For a extra finish description of the dangers that could cause our actual results to differ from our current expectations, 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 web site and at http://www.imtechltd.com.

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